Relating to payments under the Public Employees Retirement System subject to Oregon personal income tax; declaring an emergency.

Directs Public Employees Retirement Board to reimburse certain recipient of reduced payment under Public Employees Retirement System if recipient establishes that payment was subject to Oregon personal income tax. Makes increase in benefits occurring when board learns that payments are subject to Oregon personal income tax effective on first day of month after receipt of notice, rather than first day of calendar year after receipt of notice. Declares emergency, effective on passage.