Oregon spends more on managing PERS (Statesman Journal)

December 25, 2012 – A recent report shows the Oregon Treasury Department is spending more than its peers on investing the funds for the Oregon Public Employees Retirement System, but at the same time, found the fund is getting better returns on those investments than most of its peers. What’s more, the report says the Treasury could reduce its management costs by hiring more people. By extension, the Treasury would be reducing the PERS liability without any cut to benefits. In an annual analysis of the world’s largest pension programs, CEM Benchmarking of Toronto found that Oregon is spending more than $400 million per year in management costs for the $59.4 billion PERS fund.

Link to Full Article: http://www.statesmanjournal.com/article/20121226/NEWS/312260073/Oregon-spends-more-managing-PERS

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