2018 Legislative Session
Several bills were approved during the 2018 legislative session that impact PERS administration.
Senate Bill 1566 and House Bill 4159 do not impact member benefits but will be of particular interest for PERS members and stakeholders.
Senate Bill 1566 relates to employer contribution rates to PERS. Read more about the Employer Rate Relief Programs from SB 1566 and sign up for GovDelivery emails on this topic to receive additional information in the future.
House Bill 4159 would have provided limited member choice in Individual Account Program (IAP) investments starting January 1, 2019. However, following a review mandated by HB 4159, Oregon State Treasury has determined that, if implemented as originally drafted, this legislation would violate their legal and fiduciary standards.
We encourage members to look up information about bills approved during the 2018 session on the Oregon Legislature’s website.