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October 2, 2017

Ore. pension deficit reaches $25.3B

PORTLAND (AP) — A new valuation by the actuary for Oregon's public pension determined that the system's deficit has ballooned to $25.3 billion, meaning higher costs will be coming.

The growing deficit will cost schools and local and state government an additional $1.4 billion, according to the valuation by the Milliman Inc. actuarial and consulting firm.

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