FILE - The Oregon Public Employees Retirement System (PERS) building in Tigard, Ore., on Jan. 6, 2019.
Bryan M. Vance / OPB
For the past decade, pension investments made by the state have leaned heavily towards private equity. As reported in the Oregon Journalism Project, this choice has cost the state billions as this form of investments continued to be made despite advice from experts to diversify Oregon’s portfolio. Jim Neff is the managing editor for OJP and reported on this story. He joins us to share why the state stood by private equity investments and what this choice means for Oregonians.
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