Gov. Kate Brown is considering selling the state’s workers compensation insurance corporation or tapping its substantial capital surplus to hold down future pension costs for school districts around the state, according to documents obtained by The Oregonian/OregonLive under a public records request.
The idea is still tentative, the records indicate, and it’s not clear it would raise enough money to accomplish the goal on its own. But if Brown moves forward with such a plan, it would be her boldest move yet to rein in the runaway costs of the Public Employees Retirement System. It’s also one that would face substantial blowback from the business community.