TITLE

Pension System Reform? Hey, We Tackled it Back in 2003

AUTHOR(S)
Saskal, Rich
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p80
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides an overview of the fiscal condition of Oregon. In 2003, Governor Ted Kulongoski approved a pension-reform bill through the state legislature. The reforms have reduced unfunded liabilities and withstood a series of legal challenges filed by public employee unions that have resisted the changes. Meanwhile, the state government has issued $2 billion of pension obligation bonds to cover the remaining unfunded liabilities of state employees.
ACCESSION #
20409255

 

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