PORTLAND, Ore. (AP) — A newspaper investigation has found that Oregon Treasury officials are reimbursed for free meals provided by investment firms during their travels to manage the $67 billion state investment program.
The Oregonian reported that free meals are standard fare and typically held at famous restaurants.
But the newspaper said it found plenty of examples of double dipping on meals. It said one Treasury investment officer claimed $756 for meals on a five-day trip despite a free dinner at a sumptuous five-star hotel in Vienna, along with other free meals at expensive restaurants.
The state has 13 investment officers who oversee the way investment companies manage the money from Oregon’s pension, accident insurance and common school funds.