Making U.S. Pensions Honest About Returns Means Bigger Deficits
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Oregon taxpayers and retired public employees will have to dig a little deeper to pay for the state pension’s decision to be more honest about investment returns.
The Oregon Public Employee Retirement System on July 31 reduced its forecast for how much it expects to earn next year to 7.5 percent from 7.75 percent, increasing the hole to be filled by taxpayers and state workers by $1.7 billion to $73.4 billion, according to state data.