Category Archives: Public Employees Retirement System (PERS)

State seeks corrective actions from private detention centers

On behalf of the state of Oregon and the Oregon Public Employees Retirement Fund (OPERF), State Treasurer Tobias Read and Attorney General Ellen Rosenblum called for immediate action from the boards of directors of two companies that operate detention centers under contracts with the federal government, according to a news release. Source: State seeks corrective […]
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Editorial: Legislature shouldn’t abandon PERS reform because of improved investment returns

The state pension system is the toughest challenge Oregon faces that our leaders in Salem are likely to diligently avoid. The $24 billion debt of the Public Employees Retirement System is complicated. It is paid off in some abstract future. Taxpayers don’t feel the impact of it very directly. And there’s no way to fix […]
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Good and bad news for Oregon’s public pension system

Officials tell Washington County Public Affairs Forum that preliminary 2019 earnings will reduce projected unfunded liability, but contribution rates by member governments will still go up in the next two years. Lawmakers acted in 2019 to moderate the rate increases. Source: Good and bad news for Oregon’s public pension system

Oregon’s public pension fund had a solid year, just in time

As was the case for most investors, 2019 was a good year for Oregon’s underfunded public pension fund. And that should bring a rare sigh of relief to pension managers, lawmakers and government employers around the state. Source: Oregon’s public pension fund had a solid year, just in time – oregonlive.com

Salem-Keizer Supt. Christy Perry retires, is rehired within hours

For a brief moment at the start of 2020, Salem-Keizer Public Schools’ Superintendent Christy Perry was retired.  Perry filed her retirement paperwork on Dec. 31, effective Jan. 1. She was able to be rehired mere hours later because of Oregon’s new Public Employees Retirement System’s benefits incentive, permissible under Senate Bill 1049. Source: Salem-Keizer Supt. Christy Perry retires, is […]
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Salem-Keizer school board amends Supt. Perry’s contract regarding PERS

The approved amendment allows Perry, should she choose to retire in the 2019-20 or 2020-21 school year, to be re-hired by the district. Source: Salem-Keizer school board amends Supt. Perry’s contract regarding PERS

Oregon Initiatives To Revamp PERS Withdrawn As Political Picture Changes

Backers quietly end their attempt to put an initiative on the 2020 ballot in Oregon to revamp the Public Employees Retirement System. Source: Oregon Initiatives To Revamp PERS Withdrawn As Political Picture Changes

Sen. Merkley urges Oregon fund to drop prison companies

The Oregon state employee pension fund should drop its investments in two prisons companies whose facilities have been used to detain immigrants, U.S. Sen. Jeff Merkley says. Oregon has $2 million invested in two prison companies, even though Oregon pioneered statewide sanctuary status. New York state and California recently dropped the same two companies from […]
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Oregon lags in socially conscious investing

Investors around the globe are increasingly incorporating social values like climate change and human rights in deciding where to put their money. Source: Official: Oregon lags in socially conscious investing

Oregon PERS Pension Fund Invested In Spyware, Prison Companies

Oregon’s state employee pension fund is invested in an Israeli company whose smartphone spyware has been used against dissidents, human rights defenders and journalists by repressive regimes. It’s also invested in two prison companies that run immigrant detention facilities. Source: Oregon PERS Pension Fund Invested In Spyware, Prison Companies