Lower PERS return rates? Board to tackle politically fraught issue

Board members of Oregon’s public pension system will begin a politically fraught discussion Friday about whether to lower the key economic assumption used in valuing the pension system’s liabilities.

If they do, it could lead to another jump in the system’s deficit, which currently stands at $22 billion. In turn, that would require a significant, long-term increase in pension costs for government employers statewide — just as lawmakers are scrambling for ways to reduce those budget pressures.

Source: Lower PERS return rates? Board to tackle politically fraught issue;