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

Saskal, Rich
March 2006
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p80
Trade Publication
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.


Related Articles

  • Jobless Rate Shrinking. Saskal, Rich // Bond Buyer;12/16/2005, Vol. 354 Issue 32280, p33 

    The article reports that Oregon's unemployment rate continues to fall. According to a news release by the state Employment Department, the seasonally adjusted unemployment rate of 5.8% for November 2005 was slightly better than the 5.9% rate for October 2005. The jobless rate had reached 8.5% in...

  • Oregon Lawmakers Override Governor's Education Budget Veto. Ward, Andrew // Bond Buyer;6/29/2009, Vol. 368 Issue 33139, p31 

    The article reports on the opposition of Oregon legislature on Governor Ted Kulongoski's veto of the state's education budget for the 2009-2011 biennium. It notes that the democrats approved $5.8 billion for education spending, however, Kulongoski claims that the state should save its reverse...

  • Lawmakers pony up for the Oregon Innovation Plan.  // Oregon Business Magazine;Sep2007, Vol. 30 Issue 9, p15 

    The article discusses the Oregon Innovation Plan signed by Governor Ted Kulongoski, which was presented by the Oregon Innovation Council. The author mentioned that the plan was only slightly altered from the original version in spite of the questioning of the lawmakers. The bills signed include...

  • Massive Liabilities Plus Politkal Paralysis Leave Plenty of Work to Be Done. Saskal, Rich // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p72 

    The article provides an overview of the fiscal condition of California. According to the author, California is facing liabilities associated to the retirement system for its state and local government workforce. The California Public Employees' Retirement System was underfunded by $24.7 billion...

  • DAVID CHEN pushes Oregon forward with his own brash style. Williams, Christina // Oregon Business Magazine;May2006, Vol. 29 Issue 5, p21 

    The article focuses on the efforts of businessman David Chen to uplift the economic status of Oregon. As chairman of the board of the Oregon Nanoscience and Microtechnology Institute (ONAMI), Chen is spearheaded the objective of the achieve the so-called innovation economy. He was also appointed...

  • AT THIS BAR, YOU BUY LOW, GET HIGH. Hyatt, Abraham // Oregon Business Magazine;Jan2009, Vol. 32 Issue 1, p21 

    The article reports on the proposed revenue and spending in Governor Ted Kulongoski's transportation plan in Oregon. They include budget, where legislators are going to have to figure out a way to make cuts and raise revenue; green initiatives, where Governor Ted Kulongoski has proposed...

  • ConnectOregon Part Two. Saskal, Rich // Bond Buyer;7/28/2006, Vol. 357 Issue 32433, p37 

    The article reports on Oregon Ted Kulongoski's plan to ask lawmakers for a second ConnectOregon program. It discusses Oregon's plan to issue lottery revenue bonds in August 2006 for the first ConnectOregon program. Kulongoski is said to be pleaded with the early results of a $100 million lottery...

  • OREGON Gov. Pushes Biennial Budget. Saskal, Rich // Bond Buyer;12/8/2006, Vol. 358 Issue 32524, p45 

    The article reports on the proposed budget of Governor Ted Kulongoski for 2007-2009. Included in the proposal are the $594.5 million of bonds for the construction projects in the state and the $100 million of lottery revenue bonds for the Connecticut program. Kulongoski will also proposed an...

  • Oregon Reforms Pension Board. Forde, Arnella J. // Investment Management Weekly;8/25/2003, Vol. 16 Issue 33, p3 

    Deals with the reform on the board of trustees of Oregon Public Employees' Retirement System by Oregon Governor Ted Kulongoski in 2003. Difference of the revised pension board; Information on the revised board membership; Controversy in the plan's history that caused the reform; Opposition of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics