Relating to public employee retirement; declaring an emergency.
Catchline/Summary:
Provides that certain persons hired by participating public employer on or after January 1, 2014, may not become members of pension program of Oregon Public Service Retirement Plan. Provides that certain persons hired by participating public employer on or after January 1, 2014, may not become members of pension program of Oregon Public Service Retirement Plan.
Allows person who may not become member of pension program to elect to make employee contribution to individual account program of up to six percent of salary. Allows employer to agree to match all or part of employee contribution made by person who may not become member of pension program.
Declares emergency, effective on passage.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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