Task Force Mulling SAIF Surplus Transfer Will Produce Report Soon

Oregon employers will soon find out whether the state-chartered workers’ compensation carrier will see between $500 million and $1 billion of its $1.6 billion surplus transferred to Oregon’s public-employee retirement system. Facing $22 billion in unfunded liability for the Public Employee Retirement System (PERS), Gov. Kate Brown assembled a task force earlier this year to brainstorm ways to lop $5 billion off that number. One of the seven-member task force’s most well-developed ideas so far is transferring a portion of SAIF Corp.’s capital surplus to PERS. The t...