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Oregon School districts, employees face $670 million increase in payments to public pension system

Summary by OPB
Oregon school districts are projected to pay $670 million more to the state’s public employee pension program over the next two years, potentially wiping out all increases to school funding proposed by Gov. Tina Kotek. The increased tab, more than 10% for some districts, follows lagging returns in investments of the Public Employees Retirement system and could affect teaching and learning in some schools.“Next year’s sharp jumps in PERS rates wi…
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Salem, OregonSalem, Oregon
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