State investment agency plan sparks interest

State investment agency plan sparks interest

House Bill 4144 would create the Oregon Investment Department, saving the state $2.8 billion on its public pension fund.

The bill would create the Oregon Investment Department, which would remove the treasury’s investment function from under its umbrella. Wheeler (and subsequent treasurers) would serve as vice-chairman of the Oregon Investment Council, but the department would have its own executive director and its own budget.

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