PERS unfunded liability drops

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Monday, November 25, 2013

PERS unfunded liability dropped from $14 billion a year ago to $11 billion.

[Actuaries] say the pension fund has enough money to pay 82 percent of all liabilities, up from 79 percent.

…The improving picture is a result of strong investment earnings and benefit cuts approved by the Legislature, which will lower long-term costs if they're upheld by the state Supreme Court.

Read more at KGW.

 

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