Oregon Public Fund to Preliminary Lower its Assumed Rate of Return to 6.9%
Posted on 07/23/2021
The Oregon Investment Council oversees the Oregon Public Employees’ Retirement System. The pension board agreed to preliminarily lower its assumed rate of return to 6.9% from 7.2%. Reports by the Oregon Investment Council, investment consultants, and other parties demonstrated a future of lower expected returns in many asset classes as a result of relatively high asset prices and price-to-earnings ratios. The pension plan board is expected to formally adopt the new assumed rate of return at its October 1, 2021 meeting, after providing public notice of the action as required by state law on August 2, 2021.
Keywords: Oregon Public Employees Retirement System.