It seems as if the Oregon Legislature may be following the lead of Gov. Kate Brown in dealing with the problems associated with the state’s public pension system.
In her recent inaugural speech, Brown outlined a list of ambitious goals for the legislative session that started a week ago. One of the issues that didn’t get much attention in the speech was the state of Oregon’s Public Employees Retirement System, which faces an unfunded liability now estimated at around $26 billion.
To be fair, Brown did talk about finding ways to give schools additional money to help offset their increasing premiums for PERS — but that proposal just relieves one of the system’s symptoms, not any of the underlying issues.