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Oregon Lawmakers Demand Pension Audit | Portland News
Sixteen Oregon lawmakers are demanding a full audit of the state’s $104 billion Public Employees Retirement Fund, which hasn’t been audited in over a decade despite legal requirements. Over 23% of the fund is invested in underperforming private equity, lagging benchmark returns for nearly ten years—with only one year breaking even and a recent dip of just 0.03%. Lawmakers argue transparency and ROI are at stake, noting these issues have persisted for years. State Treasurer Elizabeth Steiner counters that rotating audits over the past three years cover key areas and meet legal standards…
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