Oregon Senate Bill 1519 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 5-0)
Status: Failed on March 3 2016 - 100% progression
Action: 2016-03-03 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Modifies provisions relating to employee contributions of members of Public Employees Retirement System. Excludes certain unused leave and amounts from definition of "salary" for purposes of calculation of benefits under Public Employees Retirement System. Directs Public Employees Retirement Board to use assumed interest rate published by federal Pension Benefit Guaranty Corporation in formulating actuarial equivalency factor tables for purpose of computing payments to members of Public Employees Retirement System. Establishes Fair Retirement Plan for persons hired on or after January 1, 2017, who have not established membership in Public Employees Retirement System before January 1, 2017. Continuously appropriates funds collected pursuant to charge to board for costs of administration of Fair Retirement Plan. Directs 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. Declares emergency, effective on passage.

Relating to public employee retirement; declaring an emergency.

Sen. Tim Knopp [R]	Sen. Ted Ferrioli [R]	Sen. Bill Hansell [R]	Sen. Kim Thatcher [R]
Sen. Douglas Whitsett [R]

Date	Chamber	Action
2016-03-03	Senate	In committee upon adjournment.
2016-02-16	Senate	Motion to withdraw from committee on Workforce and General Government failed.Ayes, 11; nays, 17--Bates, Beyer, Burdick, Dembrow, Devlin, Edwards, Gelser, Hass, Monnes Anderson, Monroe, Prozanski, Riley, Roblan, Rosenbaum, Shields, Steiner Hayward, President Courtney; excused, 2--Johnson, Winters.
2016-02-01	Senate	Referred to Workforce and General Government, then Ways and Means.
2016-02-01	Senate	Introduction and first reading. Referred to President's desk.
2016-01-27	Senate	Presession Released to the Public.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2016R1/Measures/Overview/SB1519
Text	https://olis.oregonlegislature.gov/liz/2016R1/Downloads/MeasureDocument/SB1519/Introduced