Bill Text: OR HB5039 | 2011 | Regular Session | Enrolled

Oregon House Bill 5039 (Prior Session Legislation)

Bill Title: Relating to the financial administration of the Public Employees Retirement System; and declaring an emergency.

Sponsorship: Unknown

Status: (Passed) 2011-06-23 - Chapter 495, (2011 Laws): Effective date July 1, 2011. [HB5039 Detail]

Download: Oregon-2011-HB5039-Enrolled.html



     76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session

                            Enrolled

                         House Bill 5039

Introduced and printed pursuant to House Rule 12.00. Presession
  filed (at the request of Budget and Management Division, Oregon
  Department of Administrative Services)

                     CHAPTER ................

                             AN ACT

Relating to the financial administration of the Public Employees
  Retirement System; limiting expenditures; and declaring an
  emergency.

Be It Enacted by the People of the State of Oregon:

  SECTION 1.  { + Notwithstanding any other law limiting
expenditures, the following amounts are established for the
biennium beginning July 1, 2011, as the maximum limits for
payment of expenses from fees, moneys or other revenues,
including Miscellaneous Receipts, but excluding lottery funds and
federal funds, collected or received by the Public Employees
Retirement System, for the following purposes: + }

____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________

   { +
(1Administrative and
      operating expenses.76,999,319
  (2) Debt service....1,418,600 + }
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
  SECTION 2.  { + For the biennium beginning July 1, 2011,
expenditures by the Public Employees Retirement System for
refunds, retirement benefits, deferred compensation and
individual account program payments, health insurance premiums,
health insurance premium subsidies, third party administrator
costs for health and individual account programs and Public
Employee Benefit Equalization Fund payments are not limited. + }
  SECTION 3.  { + This 2011 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency
is declared to exist, and this 2011 Act takes effect July 1,
2011. + }
                         ----------

Enrolled House Bill 5039 (HB 5039-A)                       Page 1

Passed by House June 7, 2011

    .............................................................
                         Ramona Kenady Line, Chief Clerk of House

    .............................................................
                                    Bruce Hanna, Speaker of House

    .............................................................
                                   Arnie Roblan, Speaker of House

Passed by Senate June 10, 2011

    .............................................................
                              Peter Courtney, President of Senate

Enrolled House Bill 5039 (HB 5039-A)                       Page 2

Received by Governor:

......M.,............., 2011

Approved:

......M.,............., 2011

    .............................................................
                                         John Kitzhaber, Governor

Filed in Office of Secretary of State:

......M.,............., 2011

    .............................................................
                                   Kate Brown, Secretary of State

Enrolled House Bill 5039 (HB 5039-A)                       Page 3