Bill > SB851

This bill primarily relates to administrative changes in the Public Employees Retirement System (PERS), making several technical updates to existing statutes. The bill amends multiple sections of Oregon Revised Statutes to clarify and modify provisions related to retirement credit, overpayment recovery, and member account data. Key changes include raising the threshold for automatic overpayment recovery from $50 to $200, adding a precise definition of "major fraction of a month" for retirement credit calculations, and providing additional circumstances under which employers can modify member information after retirement. The bill also updates various cross-references and numerical citations throughout the PERS-related statutes to ensure consistency and accuracy. Additionally, the bill repeals ORS 238A.010, which suggests removing an outdated or redundant provision from the retirement system's legal framework. These modifications are primarily technical in nature and aim to improve the administration and clarity of PERS rules and procedures.

Business and Industry, Labor and Employment

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB851