SB 559 Oregon Senate · 2017 Regular Session

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

Summary

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, 2018. 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.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2017

Committee Review

Floor Vote

Governor

Introduced Jan 9, 2017 Last action Jul 8, 2017

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jul 8, 2017

Legislature · Passed

In committee upon adjournment.

legislature

Apr 20, 2017

Committee

Referred to Ways and Means by Order of the President.

legislature

Apr 20, 2017

Committee

Recommendation: Without recommendation as to passage but w/amendments and requesting referral to Ways and Means. (Printed A-Eng.)

legislature

Jan 17, 2017

Committee

Referred to Workforce.

legislature

Jan 9, 2017

Introduced

Introduction and first reading. Referred to President's desk.

legislature

2 primary · 9 co-sponsors