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PERS director gives 15‑minute overview to House Labor committee; agency reports funded status and complexity
Summary
Oregon PERS director presented a concise informational briefing covering membership, cash flow, funding sources, funded status and administrative complexity; committee members were invited to submit questions by email and staff noted PERS resources are available for follow‑up.
Kevin Olinnick, director of the Public Employees Retirement System (PERS), gave the House Committee on Labor and Workplace Standards an informational overview of the PERS system on Feb. 5.
Olinnick said PERS administers retirement benefits to about 415,000 members and pays roughly $500 million in benefits per month. He described PERS as highly complex — “the second most complex…
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