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 3229
Senate Bill 693
Sponsored by Senator TROW (at the request of PERS Coalition)
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 percentage increase in monthly retirement
allowance of retired members of Public Employees Retirement
System.
Declares emergency, effective on passage.
A BILL FOR AN ACT
Relating to public employee retirement; amending ORS 238.365 and
238.575; and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1. ORS 238.365 is amended to read:
238.365. (1) In addition to any increase under ORS 238.360,
first effective for the month of August 1981, payable September
1, 1981, the monthly retirement allowance payable to or on
account of any person who has retired as a member of the Public
Employees Retirement System shall be increased by a percentage
based on the calendar year in which the person retired, as set
forth in the following table:
_________________________________________________________________
____NOTE_TO_GOPHER_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
Calendar Year Percentage
of Retirement Increase
____NOTE_TO_GOPHER_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
1980 4.00
1979 4.32
1978 4.76
1977 4.44
1976 4.72
1975 4.92
1974 5.28
1973 5.92
1972 6.20
1971 6.36
1970 6.60
1969 6.88
1968 7.20
1967 7.36
1966 7.56
1965 7.88
1964 8.12
1963 8.32
1962 8.56
1961 8.64
1960 8.76
1959 8.96
1958 9.08
1957 9.28
1956 9.68
1955 10.00
1954 10.04
1953 10.16
1952 10.56
1951 10.64
1950 or any prev11.40year
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
_________________________________________________________________
(2) In addition to any increase under ORS 238.360 and
subsection (1) of this section, first effective for the month of
July 1982, payable August 1, 1982, the monthly retirement
allowance payable to or on account of any person who has retired
as a member of the Public Employees Retirement System shall be
increased by a percentage based on the calendar year in which the
person retired. The percentage shall be four percent in respect
to a person who retired in the calendar year 1981. The percentage
in respect to a person who retired in a calendar year previous to
the calendar year 1981 shall be the applicable percentage in the
table set forth in subsection (1) of this section.
(3) In addition to any increase under ORS 238.360, first
effective for the month of July 1985, payable August 1, 1985, the
monthly retirement allowance payable to or on account of any
person who has retired as a member of the Public Employees
Retirement System shall be increased by a percentage based on the
calendar year in which the person retired, as set forth in the
following table:
_________________________________________________________________
____NOTE_TO_GOPHER_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
Calendar Year Percentage
of Retirement Increase
____NOTE_TO_GOPHER_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
1983 3.00
1982 3.01
1981 3.09
1980 3.24
1979 3.48
1978 3.80
1977 3.57
1976 3.77
1975 3.92
1974 4.17
1973 4.63
1972 4.82
1971 4.93
1970 5.09
1969 5.28
1968 5.49
1967 5.60
1966 5.73
1965 5.94
1964 6.09
1963 6.22
1962 6.37
1961 6.42
1960 6.50
1959 6.62
1958 6.70
1957 6.82
1956 7.06
1955 7.25
1954 or any previ7.28year
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
_________________________________________________________________
(4) In addition to any increase under ORS 238.360 and
subsection (3) of this section, first effective for the month of
July 1986, payable August 1, 1986, the monthly retirement
allowance payable to or on account of any person who has retired
as a member of the Public Employees Retirement System shall be
increased by a percentage based on the calendar year in which the
person retired. The percentage shall be three percent in respect
to a person who retired in the calendar year 1984. The percentage
in respect to a person who retired in a calendar year previous to
the calendar year 1984 shall be the applicable percentage in the
table set forth in subsection (3) of this section.
(5) In addition to any increase under ORS 238.360, first
effective for the month of July 1989, payable August 1, 1989, the
monthly retirement allowance payable to or on account of any
person who has retired as a member of the Public Employees
Retirement System shall be increased by a percentage based on the
calendar year in which the person retired, as set forth in the
following table:
_________________________________________________________________
____NOTE_TO_GOPHER_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
Calendar Year Percentage
of Retirement Increase
____NOTE_TO_GOPHER_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
1988 0
1987 0
1986 0
1985 0
1984 0
1983 0
1982 0
1981 0
1980 3
1979 11
1978 16
1977 3
1976 7
1975 15
1974 25
1973 14
1972 15
1971 0
1970 0
1969 4
1968 7
1967 0
1966 0
1965 0
1964 0
1963 1
1962 1
1961 2
1960 3
1959 3
1958 5
1957 9
1956 9
1955 7
1954 8
1953 8
1952 10
1951 19
1950 or any previou18year
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
_________________________________________________________________
(6) In addition to any increase under ORS 238.360, first
effective for the month of December 1990, payable January 1,
1991, the monthly retirement allowance payable to or on account
of any person who has retired as a member of the Public Employees
Retirement System shall be increased by the following
percentages:
(a) If the member was serving as other than a police officer or
firefighter at the time of retirement, the percentage increase
shall be:
(A) For a member with a combined total of 10 or more years of
creditable service in the system and prior service credit under
ORS 238.225 but less than a combined total of 20 years, one
percent.
(B) For a member with a combined total of 20 or more years of
creditable service in the system and prior service credit under
ORS 238.225 but less than a combined total of 25 years, two
percent.
(C) For a member with a combined total of 25 or more years of
creditable service in the system and prior service credit under
ORS 238.225 but less than a combined total of 30 years, three
percent.
(D) For a member with a combined total of 30 or more years of
creditable service in the system and prior service credit under
ORS 238.225, four percent.
(b) If the member was serving as a police officer or
firefighter at the time of retirement, the percentage increase
shall be:
(A) For a member with a combined total of 10 or more years of
creditable service in the system and prior service credit under
ORS 238.225 but less than a combined total of 20 years, one
percent.
(B) For a member with a combined total of 20 or more years of
creditable service in the system and prior service credit under
ORS 238.225 but less than a combined total of 25 years, two and
one-half percent.
(C) For a member with a combined total of 25 or more years of
creditable service in the system and prior service credit under
ORS 238.225, four percent.
(c) The monthly retirement allowance payable to or on account
of a member with less than a combined total of 10 years of
creditable service in the system and prior service credit under
ORS 238.225 at the time of retirement shall not be increased
under the provisions of this subsection.
(7) In addition to any increase under ORS 238.360, first
effective for the month of December 1990, payable January 1,
1991, the monthly retirement allowance payable to or on account
of any person who has retired as a member of the Public Employees
Retirement System shall be increased by a percentage equal to the
percentage calculated under ORS 238.380 (4), less any increase
provided to the retired member under subsection (6) of this
section.
{ + (8) 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 or on account of any
person who has retired as a member of the Public Employees
Retirement System shall be increased by a percentage based on the
calendar year in which the person retired, as set forth in the
following table: + }
_________________________________________________________________
____NOTE_TO_GOPHER_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
{ +
CalPercentage
of Retirement Increase + }
____NOTE_TO_GOPHER_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
{ +
1999 1.3
1998 1.3
1997 2.5
1996 3.9
1995 4.8
1994 5.6
1993 7.0
1992 9.1
1991 11.8
1990 15.0
1989 17.4
1988 18.5
1987 18.9
1986 18.9
1985 19.8
1984 18.9
1983 16.5
1982 16.7
1981 18.8
1980 or any p21.5o+s}year
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
_________________________________________________________________
{ - (8) - } { + (9) + } The increased { - allowance - }
{ + allowances + } provided { + for + } in { - subsections
(6) and (7) of - } this section shall be funded by employer
contributions.
SECTION 2. 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) - } { + (9) + } 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) - } { + (9) + }, and for that purpose the monthly
retirement allowance referred to in ORS 238.365 (4) to
{ - (8) - } { + (9) + } 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).
SECTION 3. { + 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 on its
passage. + }
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