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PERS reports about $9.2 billion in preliminary earnings; funding status improves to roughly 80%
Summary
PERS officials told the General Government Subcommittee that the PERS board’s preliminary earnings crediting allocates about $9.2 billion to member, employer and reserve accounts; LFO said the system is roughly 80% funded and the committee acknowledged receipt of the report.
The General Government Subcommittee heard a presentation Feb. 9 from Oregon PERS staff on preliminary earnings crediting for calendar-year 2025, which the agency reported allocates roughly $9,200,000,000 across member, employer and reserve accounts. Ben DeYoung of the Department of Administrative Services recommended the committee acknowledge receipt of the report, and the committee agreed without objection.
The preliminary crediting was approved by the PERS board on Jan. 30 and will receive final approval at the board’s April 3 meeting, PERS staff said. Matt Graves, PERS…
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