Login


Notice: Passwords are now case-sensitive

Remember Me
Register a new account
Forgot your password?

Connections

Groups

Community Requests

Brown Officially Proposes Tapping SAIF 'Excess Surplus' to Pay Pensions

Monday, April 15, 2019 | 114 | 0 | 32 min read

Oregon Gov. Kate Brown on Friday officially proposed tapping $500 million of the nearly $2 billion surplus of state-chartered workers’ compensation carrier SAIF Corp. to cover $16.7 billion in unfunded liabilities in the state’s pension program. It’s been no secret that the governor has had her eye on the carrier’s surplus. Editorials have been appearing on the pages of newspapers throughout the state in recent weeks urging her to abandon the plan they deem irresponsible. But Brown in testimony before lawmakers on Friday said it would be irresponsible not to ...

Purchase this story for only $7.99!Add to Cart


For access to all of our articles, check out our subscription options.

Comments

Related Articles