71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 1176
 
                         Senate Bill 73
 
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 Joint Interim Judiciary
  Committee for Judicial Conference of the State of Oregon,
  Senior Judges Association)
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.
 
  Provides ad hoc increase in retirement allowance of retired
judge members of Public Employees Retirement System and in
pension of surviving spouses of judge members.
  Declares emergency, effective July 1, 2001.
 
                        A BILL FOR AN ACT
Relating to judges' retirement; amending ORS 238.575; and
  declaring an emergency.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. ORS 238.575 is amended to read:
  238.575. (1) Every monthly retirement allowance or pension
payable to a judge member or surviving spouse of a judge member
under ORS 238.500 to 238.585 shall be adjusted annually to
reflect the percentage increase or decrease in the cost of living
as provided in ORS 238.360.
  (2) ORS 238.365 (4) to (8) apply in respect to a judge member
who retired in the calendar year 1984 or any calendar year
thereafter as provided in ORS 238.365 (4) to (8), and for that
purpose the monthly retirement allowance referred to in ORS
238.365 (4) to (8) shall be the monthly retirement allowance
payable to a judge member or the monthly pension payable to the
surviving spouse of a judge member under ORS 238.565 (3)(a).
   { +  (3) In addition to any increase under ORS 238.360, first
effective for the month of July 2001, payable August 1, 2001, the
monthly retirement allowance payable to a retired judge member,
and the monthly pension payable to the surviving spouse of a
judge member, shall be increased as follows:
  (a) The monthly retirement allowance of a judge who retired
before January 1, 1981, or the monthly pension payable to the
surviving spouse of a judge who retired before January 1, 1981,
shall be increased by 15 percent.
  (b) The monthly retirement allowance of a judge who retired on
or after January 1, 1981, and before January 1, 1990, or the
monthly pension payable to the surviving spouse of a judge who
retired on or after January 1, 1981, and before January 1, 1990,
shall be increased by 10 percent.
  (c) The monthly retirement allowance of a judge who retired on
or after January 1, 1990, and before August 5, 1991, or the
monthly pension payable to the surviving spouse of a judge who
retired on or after January 1, 1990, and before August 5, 1991,
shall be increased by five percent. + }
  SECTION 2.  { + This 2001 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency
is declared to exist, and this 2001 Act takes effect July 1,
2001. + }
                         ----------