2013 Regular Session
|At the request of:|
|Chief Sponsors:||Senator Devlin , Representative Buckley|
|Bill Title:||Relating to public employee retirement; and declaring an emergency.|
|Catchline/Summary:||Modifies cost-of-living adjustment under Public Employees Retirement System.
Prohibits Public Employees Retirement Board from paying increased retirement benefits resulting from state income taxation of payments made by board if person receiving payments does not pay Oregon income tax on benefits. Removes limitations on prohibition relating to date of retirement. Imposes similar prohibition for certain public employers that provide retirement benefits for police officers and firefighters other than by participation in Public Employees Retirement System. Directs Public Employees Retirement Board to recalculate employer contribution rates to reflect savings attributable to Act. Limits expenditures by Public Employees Retirement System, for biennium beginning July 1, 2013, for administrative and operating expenses incurred in implementing Act. Provides for expedited review by Supreme Court upon petition by adversely affected party. Declares emergency, effective on passage.
|Fiscal Impact:||Fiscal Impact Issued|
|Revenue Impact:||No Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|