OR SB446 | 2021 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2021 - 25% progression
Action: 2021-01-19 - Referred to Labor and Business.
Pending: Senate Labor and Business Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 11 2021 - 25% progression
Action: 2021-01-19 - Referred to Labor and Business.
Pending: Senate Labor and Business Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Changes calculation of final average salary for purposes of Public Employees Retirement System to use five years of salary instead of three years, for salary paid on and after January 1, 2022. Changes calculation of final average salary for purposes of Public Employees Retirement System to use five years of salary instead of three years, for salary paid on and after January 1, 2022. 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.
Title
Relating to the calculation of final average salary under the Public Employees Retirement System.
Sponsors
| Sen. Tim Knopp [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-19 | Senate | Referred to Labor and Business. |
| 2021-01-11 | Senate | Introduction and first reading. Referred to President's desk. |
Oregon State Sources
| Type | Source |
|---|---|
| Summary | https://olis.leg.state.or.us/liz/2021R1/Measures/Overview/SB446 |
| Text | https://olis.leg.state.or.us/liz/2021R1/Downloads/MeasureDocument/SB446/Introduced |
