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Oregon Task Force Brainstorms Ways to Lessen Pension Deficit

Submitted by jhartgen@abi.org on

Oregon Gov. Kate Brown's (D) special task force is looking at ways to ensure the state has enough money to pay pensions for eligible state employees amid a multi-billion-dollar pension fund deficit, the Associated Press reported yesterday. The state is considering commercializing its state-run liquor system, pulling money from public reserves or imposing new surcharges of up to 10 percent on all state-issued permits, licenses and registrations. The advisory task force, made up of seven private- and public-sector executives, is charged with drafting a plan to take $5 billion off the Oregon Public Employees Retirement System's $24.5 billion unfunded liability without touching government workers' retirement benefits.

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