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Oregon PERS director, Hillsboro School District official will discuss what the multibillion-dollar unfunded liability means for local governments and retired public employees.

Two speakers will discuss the future of Oregon's public-pension system and what its unfunded liability means for local governments and retired employees.

The luncheon of the Washington County Public Affairs Forum will start at 11:30 a.m. Monday, Jan. 13, and the program at noon, at Coyote's Bar and Grill, 5301 W. Baseline Road, Hillsboro. Lunch can be ordered from the menu.

The speakers are Kevin Olineck, who has been director of the Oregon Public Employees Retirement System since 2018, and Michelle Morrison, chief financial officer of the Hillsboro School District.

The 2019 estimate of the system's unfunded liability was $26 billion, but that figure will be adjusted after the system's final valuation for 2018 is determined. The 2019 Legislature passed Senate Bill 1049, which extends the period for paying off the liability and makes other changes in an attempt to reduce the liability. Public employee unions have challenged some of the changes in court.

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