OR SB560 | 2017 | Regular Session
Status
Completed Legislative Action
Sponsorship: Moderate Partisan Bill (Republican 9-1)
Status: Failed on July 7 2017 - 100% progression
Action: 2017-07-07 - In committee upon adjournment.
Text: Latest bill text (Engrossed) [PDF]
Sponsorship: Moderate Partisan Bill (Republican 9-1)
Status: Failed on July 7 2017 - 100% progression
Action: 2017-07-07 - In committee upon adjournment.
Text: Latest bill text (Engrossed) [PDF]
Summary
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, 2018. For years beginning in 2018, 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.
Title
Relating to public employee retirement.
Sponsors
Roll Calls
2017-04-17 - Senate - Senate Committee Without recommendation as to passage, but with amendments and requesting referral to Ways and Means. (Printed A-Eng.) (Y: 3 N: 2 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2017-07-07 | Senate | In committee upon adjournment. |
| 2017-04-20 | Senate | Referred to Ways and Means by Order of the President. |
| 2017-04-20 | Senate | Recommendation: Without recommendation as to passage but w/amendments and requesting referral to Ways and Means. (Printed A-Eng.) |
| 2017-04-17 | Senate | Work Session held. |
| 2017-04-12 | Senate | Public Hearing held. |
| 2017-03-15 | Senate | Public Hearing held. |
| 2017-02-13 | Senate | Public Hearing held. |
| 2017-01-17 | Senate | Referred to Workforce. |
| 2017-01-09 | Senate | Introduction and first reading. Referred to President's desk. |
