SB 551

  • Oregon Senate Bill
  • 2019 Regular Session
  • Introduced in Senate Jan 14, 2019
  • Senate
  • House
  • Governor

Relating to public employee retirement.

Abstract

Redirects employee contributions made by member of system from individual account program to account to be used to pay for member's pension or other retirement benefits accrued on or after January 1, 2020. For years beginning in 2020, caps at $100,000 annual salary used to calculate final average salary for purposes of Public Employees Retirement System. Directs Public Employees Retirement Board to recalculate employer contribution rates to reflect savings attributable to Act. Provides for expedited review of Act by Supreme Court upon petition by adversely affected party.

Bill Sponsors (2)

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Actions


Jul 01, 2019

Senate

In committee upon adjournment.

Jan 16, 2019

Senate

Referred to Workforce.

Jan 14, 2019

Senate

Introduction and first reading. Referred to President's desk.

Bill Text

Bill Text Versions Format
Introduced PDF

Related Documents

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Sources

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