Relating to public employee retirement; and prescribing an effective date.

Directs Public Employees Retirement Board to study public employee retirement and report to appropriate committee or interim committee of Legislative Assembly no later than September 15, 2022. ] Provides that certain employee of State Fire Marshal qualifies as firefighter for purposes of Public Employees Retirement System. Modifies dates on which Public Employees Retirement Board must initiate, resume or reduce payment of certain increased benefits under Public Employees Retirement System because benefit payments are or are not subject to Oregon personal income tax. Provides for restoration of certain retirement credit forfeited at end of 2020. Takes effect on 91st day following adjournment sine die.