Treasurer Wheeler's plan to add 'billions of dollars to PERS'

Portland Business Journal:

Oregon Treasurer Ted Wheeler on Thursday said lawmakers should "think anew, and act anew" in light of the looming budget gap and pass a bill that he said would generate billions of dollars for the state's underfunded pension system for public workers.

Wheeler spoke two weeks after a Supreme Court ruling saddled the state with an estimated $5 billion in new pension liabilities and hours after state economists forecast a $473 million kicker refund at the end of the state's two-year budget cycle in…

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