PERS task force recommends privatizing state universities

Source: AP and KTVZ.COM, November 1, 2017

A task force has recommended how to shrink the state’s pension-fund deficit by $5 billion, and two of the suggestions – including privatizing the state’s public universities – got a cold reception from Gov. Kate Brown. Brown thanked the seven members of her task force for their research and commitment to identify ways for Oregon to keep its promise to retirees. She had convened the task force to identify opportunities to pay up to a quarter of the Public Employee Retirement System, or PERS, unfunded liability. That deficit has ballooned to at least $25.3 billion. … Governor Brown has also expressed to staff serious concerns about the task force’s proposals to privatize public universities and sell SAIF.