> Oregon's public pension fund lost $8 billion last year | The Story | Oct. 12, 2023
Oregon's public pension fund lost $8 billion last year | The Story | Oct. 12, 2023
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Oct. 12 on The Story: Oregon's public employee retirement fund is massive, sitting at roughly $103 billion. Part of the Public Employee Retirement System, or PERS, the fund is paid for by Oregon taxpayers as those funds are distributed to schools and other government services through the legislature. But it's also an investment fund, which means that money is subject to market forces — and last year it lost $8 billion, joining another $20 billion in unfunded liability. It's the sort of thing that every Oregon taxpayer should care about, because they could be paying more to make up for it.
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