PERS – The Problem That Just Won't Go Away
Speaker: Allen Alley
An explanation of the size and reason for the unfunded liability of PERS, the attempted changes to try to fix it, and how bad it is likely to become.
Allen Alley has been both a successful entrepreneur and a general partner of one of the premier US venture capital firms. He is one of the few people who has invested in and co-founded companies that grew from startups to have public market capitalizations of more than $1 billion. His expertise spans software as a service, computer graphics and semiconductors.
Allen is hard to categorize. He is a republican who worked for a democratic governor. He drives a Smart Car and a Corvette. He loves cars but also walked 400 miles across Oregon in his campaign for Governor. He has extensive experience building global companies and is as comfortable eating tonkatsu in Tokyo, hotpot in Chengdu, ribs in Cincinnati or Taco Bell in Tualatin.
He manages a very active venture portfolio of technology companies as well as devoting time to making government more transparent, efficient and accountable. The foundation of his career is a Bachelor’s degree in Mechanical Engineering from Purdue and design engineering at Ford and Boeing.
Allen is here today to talk to us about the solvency of the Oregon Public Employee System with a presentation titled, “Oregon PERS, It’s the cash flow stupid!”