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3 of 3 Premium Clicks used this month SUBSCRIBE Print + Online Subscriber Activation | Register x Forgot Password | Need an Account? e-edition | subscribe | newsletter | deals Classifieds Jobs Autos Real Estate FEATURED » NEWS NOW Fire damages White City mobile home ... Emergency Services, August 2 ... Part of West Rim Drive closed as firefighters battle Crater Lake blaze ... Fire damages White City mobile home ... Emergency Services, August 2 ... Part of West Rim Drive closed as firefighters battle Crater Lake blaze ... AP: Cost of Oregon public pensions to rise $885 million over 2 years Comment By The Associated Press MailTribune.com By The Associated Press Posted Aug. 1, 2016 at 10:33 AM By The Associated Press Posted Aug. 1, 2016 at 10:33 AM » Social News PORTLAND — The cost of Oregon's public pension system will increase about $885 million over the next two years, a higher increase than was previously expected. The Oregonian/OregonLive reports that the new costs are 10 percent higher than previously forecast and 44 percent above the $2 billion per biennium that public employers are currently paying. The Public Employees Retirement System on Friday released an updated valuation of the pension fund's assets and liabilities that suggests the system's investment returns have lagged far behind the system's assumed rate of 7.5 percent. The fund currently has an unfunded liability of $21.8 billion or about 71 cents in assets for every dollar of liabilities. The PERS Board will send employers their new rates in September, though they won't take effect until July 1, 2017. By The Associated Press MailTribune.com By The Associated Press Posted Aug. 1, 2016 at 10:33 AM » Comment or view comments Reader Reaction » STAY INFORMED Email NewsLetter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Southern Oregon Directory Featured Businesses Loading... Business Name address Location, ST | website.com Find Southern Oregon Attractions Bars Restaurants Beauty Salons Entertainment Doctors Medical Specialists Contractors Education Lawn Services Lawyers Shopping Travel Tanning Used Cars Wedding Services ▼ Add your business here + Events Calendar Connect with MailTribune.com Facebook Twitter RSS Back to top Reader Services Reader Services Home Subscriptions Subscriber controls Contact us Submissions Photos Events Letters to the editor Corrections Announcements Obituaries Story ideas Since you asked Alerts Email Alerts RSS Feeds Text Alerts Advertise Media Kit Home Products and services Ad rates Advertising contacts Propel Marketing Mail Tribune Daily Tidings The Nickel Shop Our Valley Blogs Mobile Site Stay Informed Email newsletter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Your privacy is important, read our privacy policy. © Copyright 2016 Local Media Group, Inc. All Rights Reserved. Privacy Policy | Terms of Service | Local Media Group Publications Original content available for non-commercial use under a Creative Commons license, except where noted. MailTribune.com | P.O. Box 1108, Medford, OR 97501