State Looks at Siphoning SAIF Surplus to Cover Employee Pensions

Oregon officials have taken a step closer toward raiding the surplus of the state-chartered workers’ compensation carrier to help pay for public employee pensions — or even selling the carrier to investors. The proposals regarding State Accident Insurance Fund, or SAIF, have been tossed around for several months. But now they’ve been included in the final report of Gov. Kate Brown’s task force on the Public Employee Retirement System’s unfunded actuarial liability. The 64-page report was released on Wednesday. Up to $670 million could be siphoned f...