What's New

Check here for announcements about our plans, as well as new documentation, tools from our providers, and more.

 

 

  • 2017 Oregon Legislature Updates
    • PDF iconHouse Bill 2163 - Permits employer to make deduction from employee's wages for contribution to individual account for employee's benefit in plan maintained under section 125, 401(k), 403(b), 408, 408A or 457 of Internal Revenue Code if employee is given certain notices and right to cancel or change contribution.
    • PDF iconSenate Bill 559 - Changes calculation of final average salary for purposes of Public Employees Retirement System to use five years of salary instead of three years, for salary paid on and after January 1, 2018. Directs Public Employees Retirement Board to recalculate employer contribution rates to reflect savings attributable to Act. Provides for expedited review of Act by Supreme Court upon petition by adversely affected party. Declares emergency, effective on passage.
    • PDF iconSenate Bill 560 - Redirects employee contributions made by member of system from individual account program to account to be used to pay for member's pension or other retirement benefits accrued on or after January 1, 2018. For years beginning in 2018, caps at $100,000 annual salary used to calculate final average salary for purposes of Public Employees Retirement System. Directs Public Employees Retirement Board to recalculate employer contribution rates to reflect savings attributable to Act. Provides for expedited review of Act by Supreme Court upon petition by adversely affected party. Declares emergency, effective on passage.
    • PDF iconSenate Bill 913 - Modifies provisions relating to Public Employees Retirement System. Declares emergency. Effective on passage.
    • For more information on these proposals, please visit the Oregon Legislature Website by clicking here.