By adopting a near-zero assumed rate of return, PERS can become solvent in the next decade No one wants to talk about the biggest problem facing Oregon. It’s not the pandemic. It’s not homelessness. It’s not racial justice. The biggest crisis facing Oregon is its public employee retirement system, or PERS. No one wants to […]
The system is facing a $30 billion shortfall—radical reform is needed Coronavirus has hit the economy hard. Nearly all the stock market gains from the past two or three years have been wiped out. While it’s painful for investors and retirees, it’s likely to fuel the third major PERS crisis since the dot-com bust. PERS, […]