Oregon Senate Bill 446 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on June 26 2021 - 100% progression
Action: 2021-06-26 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

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.

Relating to the calculation of final average salary under the Public Employees Retirement System.

Sen. Tim Knopp [R]

Date	Chamber	Action
2021-06-26	Senate	In committee upon adjournment.
2021-01-19	Senate	Referred to Labor and Business.
2021-01-11	Senate	Introduction and first reading. Referred to President's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2021R1/Measures/Overview/SB446
Text	https://olis.oregonlegislature.gov/liz/2021R1/Downloads/MeasureDocument/SB446/Introduced