Employer Rate Relief
Programs from Senate Bill 1566
The 2018 Legislature passed Senate Bill 1566, which was the result of the
Governor’s UAL Task Force last year. The bill provides incentives for employers
to make unfunded actuarial liability (UAL) lump-sum payments to PERS to reduce
their contribution rates in the future, and also establishes a pooled side
account for public school districts.
SB 1566 includes four
UAL-reduction programs. Details on each are included on the following
webpage. The page will be regularly updated as new information is
available. Sign up for GovDelivery emails on this topic to receive
additional information in the future.
NEW: PERS is surveying employers to gauge potential interest in the Employer Incentive Fund and to get feedback on the UAL Resolution Program. Please share your feedback.