LOC News
New Report: PERS Earning Improve
According to a press release this week from the Oregon State Treasury. Investment earnings held in the Oregon Public Employee Retirement Fund (OPERF) have exceeded expectations, earning 3.2% in the second quarter of 2025. If earnings continue to improve or hold steady, additional rate hike by Public Employee Retirement System (PERS) employers may be prevented or mitigated for the 2027-2029 biennium.
OPERF earnings in the two previous years did not meet the 6.9% annual rate of return assumed by PERS, resulting in steep pension contribution increases for the 2025-2027 rate cycle. PERS will assess the total system valuation early next year before issuing advisory rates to employers.
Contact: Scott Winkels, Lobbyist – swinkels@orcities.org
Last Updated 9/5/25