Notice: Passwords are now case-sensitive
Forgot your password? Register a new account

Connections

Groups

Community Requests

Oct 30 - Nov 1 Comp Laude® Awards and Gala Manchester Grand Hyatt San Diego
Register Now!

Business Group Warns Against Tapping Into SAIF Surplus

Friday, September 22, 2017 | 323 | 0 | 0 min read

An Oregon business group warned against a proposal to tap into SAIF’s $1.6 billion surplus to help pay for unfunded public pension liability in a column published by the Oregon Business Report Thursday. Mark Hester Mark Hester, communications director for Oregon Business & Industry, said SAIF’s surplus is actually “working capital” that the carrier needs in case of an economic slump or unexpected events. Although SAIF has stowed away more money than risk based capital statutes regulations require, a state raid would lead to increased risk and higher rates for em...

Purchase this story for only $9.16!Add to Cart


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

Comments

Be the first to comment.

Related Articles