Name: Oregon's public pension fund lost money last year. Taxpayers may be on the hook for it
Uploaded: 2023-10-13T01:46:43Z
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> Oregon's public pension fund lost money last year. Taxpayers may be on the hook for it

Oregon's public pension fund lost money last year. Taxpayers may be on the hook for it

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Description

The state's unfunded liability for PERS, the amount needed to cover every public worker's pension, grew by $8 billion last year — reaching a total of $28 billion. That's a big deal for taxpayers, who may end up paying more to make up for it. But Oregon State Treasurer Tobias Read suggests things aren't as bleak as they seem. Read more: https://www.kgw.com/article/news/local/the-story/oregon-pers-unfunded-liability-public-pension-treasury-investments/283-65dbb743-725a-4aa0-a3f0-c5b5b47f8c5d Watch more The Story videos: http://bit.ly/watchTheStory Follow The Story on Twitter: https://twitter.com/TheStoryKGW Follow The Story on Instagram: https://instagram.com/thestorykgw

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KGW

Keywords

local money news politics state the-story oregon pers pension funds stock market investment banking PERS Oregon oregon public pension system Public Employee Retirement System Oregon pensions

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