Updated with correction
Oregon Investment Council, Tigard, is considering hiring a consultant for the states $925 million Oregon Savings Growth Plan, a 457 deferred compensation plan, according to official notes from the councils Feb. 25 meeting.
Staff was directed to return to the council with more information regarding fund performance and a definition of scope for the consultant. The plans record keeper is ING.
Separately, the $43.4 billion Oregon Public Employees Retirement Fund, Salem, returned -2.94% in January and -26.28%, for the 12-month period ended Jan. 31, according to the councils monthly return report. For 2008, the pension fund returned -26.76%.
James Sinks, council spokesman, could not be reached by press time.