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Administration June 7, 2004
Oregon Pension Bond Bills Closer to Referendum Vote
July 18, 2003 (PLANSPONSOR.com) - Oregon lawmakers
gave a thumbs up to two bills that would let state voters
decide this fall whether to refinance the unfunded debt of
the state Public Employees Retirement System
(PERS).
Reported by Fred Schneyer
Refinancing the $2-billion debt while interest rates are low could save millions of dollars each year for the 24-year life of the debt, according to an Associated Press news report (See Oregon PERS Bond Bill Set for Expanded Voter Referendum ).
The bills, passed by the House and Senate Thursday, go to the governor’s office for his signature and then on for a September 16 referendum.