Relating to employee contributions to the Public Employees Retirement System.
Catchline/Summary:
Provides that, if monthly salary of member of individual account program of Oregon Public Service Retirement Plan does not exceed $3,333, instead of $2,500, Public Employees Retirement Board shall credit all employee contributions made by member to employee account and credit no employee contributions made by member to employee pension stability account.Directs Public Employees Retirement Board to study methods for allowing members of Public Employees Retirement System to certify that member will earn less than $30,000 in calendar year so that board does not credit employee contributions to employee pension stability account.]
Provides that, if monthly salary of member of individual account program of Oregon Public Service Retirement Plan does not exceed $3,333, instead of $2,500, Public Employees Retirement Board shall credit all employee contributions made by member to employee account and credit no employee contributions made by member to employee pension stability account.
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HB 2906
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