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July 26, 2017

Oregon looks for $5B cuts in public pension system

  • Options include selling some state lands and privatizing state agencies.
  • SALEM, Ore. (AP) — A special task force convened by Gov. Kate Brown is deciding how to cut $5 billion from the Oregon Public Employees Retirement System's $22 billion in unfunded liability without hurting the retirement benefits of government workers who draw from it.

    Options that could be on the table after the group met Monday include selling some state lands and partially or wholly privatizing state agencies, with the proceeds going to the pension liability, the Register Guard reported.


     
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