(Salem, OR) -- Bad news is coming about Oregon's public pension system. The Oregonian reports that a status check due today shows that the PERS fund was hit hard by the stock market's fourth-quarter plunge. Trillions of dollars in wealth were reportedly wiped out, leaving the full-year return at just under a half-percent. It had been expected to grow by more than seven-percent last year. The system's unfunded liability grew by four-point-three-billion dollars. The number crunchers say some of the results are lagging a quarter behind, so things may be even worse than they appear.