"Just how bad is Oregon's public pension funding crisis?
Bad enough that Rukaiyah Adams, the normally polished investment professional who is vice chair of the Oregon Investment Council, broke down in tears last week as she spoke of passing a record $22 billion in unfunded promises to future taxpayers.
"My call to the legislature and to the governor is for leadership on this, and I mean right now," Adams said during last Wednesday's joint meeting of the Oregon Public Employees Retirement System board and the citizen panel that oversees its investments. "This is becoming a moral issue. We can't just talk about numbers anymore."
The article quotes Gov. Brown and Senate President Peter Courtney as not being interested in addressing the crisis. As a historian once said of wars, you may not want war but sometimes war wants you. Brace yourselves for impact.
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