Oregon Investment Council

The Oregon Investment Council (OIC) oversees the investment of most funds managed by the State Treasury, including the Public Employees Retirement Fund. The OIC ensures that money in the funds is invested and reinvested to earn the greatest possible returns for the beneficiaries.

The Council prescribes the allocation of investments among asset classes (e.g. stocks, bonds, real estate) to maximize investment returns while maintaining an appropriate level of risk. The Council also decides when to make significant new investments, and selects investment firms to manage investments on Oregon’s behalf. The Council’s prescriptions guide the professional financial managers at the state treasury and at the private firms contracted to manage state funds as they make day-to-day investment decisions.

The Council consists of a six-member board made up of four gubernatorial appointees, the State Treasurer, and the Executive Director of the Public Employees Retirement System, who serves in an ex-officio and non-voting capacity. The Council is required to report to the Governor and the Legislative Assembly at each regular session and at other times the Council considers to be in the public interest.