State’s public pension plan earns plaudit


Oregon’s system for worker retirement plan ranked favorably compared to the rest of the country.

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BY JACOB PALMER | DIGITAL NEWS EDITOR

Oregon’s system for worker retirement plan ranked favorably compared to the rest of the country.

The Wall Street Journal ranked Oregon’s system as the fifth-healthiest in the U.S.

[95.9 percent of future obligations to retirements funded is] an impressive number and reflects a couple of things: first, Oregon’s generous contributions to retiree benefits, including the system known asPERS, itself the subject of endless wrangling because money allocated to pension obligations takes away from current services.

Oregon’s robust performance also reflects strong investment results at theOregon Investment Council, the five-member board that invests nearly $90 billion in state pension and trust funds. As treasurer, Wheeler is one of the members of the OIC, and he also directs a staff of investment professionals who help allocate investment dollars.

(SOURCE: Willamette Week)

 


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