The city of Sweet Home and School District 55 both face increasing retirement costs as the Oregon Public Employees Retirement System’s assets lag behind its liabilities.
Both will face higher rates based on 2008 investment losses, but those high rates won’t be imposed until the 2011-13 biennium.
An actuarial valuation report provided to the state by Mercer, a consulting firm, showed that PERS lost 27 percent of its value in 2008. By the end of…