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Bill > SB585


OR SB585

OR SB585
Relating to public employee retirement.


summary

Introduced
01/13/2025
In Committee
01/17/2025
Crossed Over
Passed
Dead
06/27/2025

Introduced Session

2025 Legislative Measures

Bill Summary

The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act tells PERB to look at retirement and make a report. (Flesch Readability Score: 81.8). Requires the Public Employees Retirement Board to study retirement. Directs the board to submit findings to the interim committees of the Legislative Assembly related to general government not later than September 15, 2026. Sunsets on January 2, 2027.

AI Summary

This bill requires the Public Employees Retirement Board (PERB), which is a state agency responsible for managing public employee retirement systems, to conduct a comprehensive study on retirement. The board must prepare and submit a report to the interim legislative committees focused on general government by September 15, 2026. The report may include recommendations for potential legislative changes and will be submitted in accordance with Oregon Revised Statutes (ORS) 192.245, which likely governs the format and process for such legislative reports. The bill includes a sunset provision that automatically repeals the study requirement on January 2, 2027, meaning the board's mandate will expire after submitting its report, ensuring the study is a time-limited initiative.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

In committee upon adjournment. (on 06/27/2025)

bill text


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