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Archive Home > 2009 > March > 31 > Economic downturn slams PERS pensions

Economic downturn slams PERS pensions

By The Associated Press / The Bulletin
March 31, 2009

PORTLAND — The Oregon Public Employees Retirement System has returned to the red.

Back in 2003, the state pension system appeared to be on the brink of disaster, facing a long-term shortfall of $17 billion. But after a series of reforms and robust investment returns, PERS emerged a few....

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