PERS underwater

1/29/2010: PERS currently has assets to pay only 75% of liabilities. This Ted Sickinger story reports that the board votes today to  raise the pay in rates from 12% to 18% next year all at once or do so so gradually (most likely scenario). Either case will mean a big increase in UO’s payroll costs. Not clear if OUS will raise TIAA contributions as well.

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