Latest / Bend News Today | 2 Min News | The Daily News Now!
Oregon Lawmakers Demand Pension Audit | Bend News
Sixteen Oregon Democrats demand a full audit of the Public Employees Retirement Fund, citing a decade since the last comprehensive review—despite state law requiring one every four years. Their focus: underperforming private equity investments now totaling over 23% of the $104 billion fund. Lawmakers seek transparency on returns, fees paid to managers, and whether those fees match industry standards. State Treasurer Elizabeth Steiner counters that rotating, frequent audits cover all asset classes—including public and private equity—and are more effective than a single quadrennial review. The…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.