Democrats in the Oregon Senate have proposed a bill that would reform the state's public employees pension system.

The bill, SB 822, would help curb state payments toward pension costs that are expected to jump by around $900 million in July as the Oregon Public Employees Retirement System increases required contributions, according to the Oregonian newspaper.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.