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Mon Jan 16, 2017, 09:25 AM

Two proposals take aim at reducing PERS liabilities

SALEM — As lawmakers head into the 2017 legislative session, at least two proposed bills plan to address oft-tread territory: the state’s pension system.

In 2013, the Legislature approved a slew of changes to the system, referred to as PERS, only to have many of them rejected by the Oregon Supreme Court in 2015.

This time around, those legislators who have called for reforms to PERS — including members of an informal work group — say the Legislature needs to address the system’s $22 billion unfunded liability while meeting legal requirements.

Two proposals that have emerged thus far have co-opted some ideas floated at that work group, which is led by Sens. Betsy Johnson, D-Scappoose, and Tim Knopp, R-Bend.

Read more: http://www.dailyastorian.com/da/capital-bureau/20170111/two-proposals-take-aim-at-reducing-pers-liabilities

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