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Task force recommends options for funding PERS shortfall


November 8, 2017

By Claire Withycombe

EO Media Capital Bureau

A task force last week recommended a variety of ways to reduce the state Public Employee Pension System’s $25.3 billion unfunded liability by as much as $10.4 billion.

The options it outlined in a report on Nov. 1 are wide-ranging – increased taxes on beer and wine; sweeping state reserve funds; dedicating one-time financial windfalls to PERS; selling one or more state universities to a private, not-for-profit entity.

Gov. Kate Brown appointed the seven-member task force, comprised of business leaders and people with public sector experience,...

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