Bill Text: OR SB5537 | 2013 | Regular Session | Enrolled

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

Spectrum: Unknown

Status: (Passed) 2013-07-03 - Effective date, July 1, 2013. [SB5537 Detail]

Download: Oregon-2013-SB5537-Enrolled.html

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     77th OREGON LEGISLATIVE ASSEMBLY--2013 Regular Session

                            Enrolled

                        Senate Bill 5537

Printed pursuant to Senate Interim Rule 213.28 by order of the
  President of the Senate in conformance with presession filing
  rules, indicating neither advocacy nor opposition on the part
  of the President (at the request of 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, 2013, 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.
_______________________________________________________________

   { +
(1)Administrative and
      operating expenses...$81,571,322
  (2) Debt service.........$1,302,850 + }
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
  SECTION 2.  { + For the biennium beginning July 1, 2013,
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 2013 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency
is declared to exist, and this 2013 Act takes effect July 1,
2013. + }
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Enrolled Senate Bill 5537 (SB 5537-A)                      Page 1

Passed by Senate June 13, 2013

    .............................................................
                               Robert Taylor, Secretary of Senate

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

Passed by House June 19, 2013

    .............................................................
                                     Tina Kotek, Speaker of House

Enrolled Senate Bill 5537 (SB 5537-A)                      Page 2

Received by Governor:

......M.,............., 2013

Approved:

......M.,............., 2013

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

Filed in Office of Secretary of State:

......M.,............., 2013

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

Enrolled Senate Bill 5537 (SB 5537-A)                      Page 3