An Oregon Senate bill that would reduce three existing pension options...

An Oregon Senate bill that would reduce three existing pension options to a single plan for new employees could go before the Oregon Senate as early as this week. The Oregon Public Employees Retirement System is 92% funded. Senate Bill 722, as recently amended, also would authorize local public employers to collectively issue bonds to fund pension liabilities and increase employer assessments to pay the unfunded liability of OPERS, said Sen. Neil Bryant, chairman of the judiciary committee and the bill’s sponsor.