Oregon Investment Council, Tigard, which runs the $73 billion Oregon Public Employees Retirement Fund, adopted a policy to invest assets of its individual account program in target date funds.
The defined contribution program is made up of separate accounts, the assets of which now are invested as part of the defined benefit plan assets.
Council officials will begin discussing the implementation of the policy as early as its Sept. 20 meeting. The amount in the individual account program is expected to be released at the council's September meeting.
The council on Wednesday also adopted a policy to create a currency overlay program to manage the risk of foreign currency exposure. Implementation of the plan, including the size of the potential mandate, could be discussed as early as the council's Nov. 1 meeting.