Your benefit may be subject to taxation in the state where you reside. The change became effective July 1, 1985. Original Source: Compulsory retirement age. Opinions. PERS Plan 2 A. A. . For a 30-year worker who retires at an average salary of $60,000 a year, for example, the difference between 1.67 percent and 2 percent amounts to $5,940 a year. You can withdraw a unit account without having to withdraw your other member account(s). 0000001176 00000 n
Art. (AOCE). 0000009252 00000 n
Step 2: Read The OPSRP Overview And Benefit Calculation Document. "For example, food services coordinators are responsible for supervising inmates who work in the kitchen preparing all meals. *If you are a Tier One or Tier Two member who turned age 50 while in a P&F position, you may still retire with a reduced benefit even if you subsequently transferred to a General Service position. xref
Retirement Ho To Apply Information for: Police and Firemen's Retirement System Page 1 April 2022 Fact Sheet #19 MANDATORY RETIREMENT Retirement is mandatory at age 65* for all Police and Firemen's Retirement System (PFRS) members. A. P&F unit payments may begin on or after the date of your service or disability retirement, but no earlier than age 50. PERS Policy Paper - Police & Fire Classification Page 2 of 2 SL1 For example, if a 55-year-old Tier One member is in a position that is reclassified as P&F, that member can take full retirement immediately instead of waiting until the General Service normal retirement age of 58. 0000012520 00000 n
26, 2021). As DPSST Director Eriks Gabliks noted, the board wouldn't be able to hire many qualified people if it took away their previously awarded PERS designations. Once you are vested in the OPSRP Pension Program, you cannot lose your benefit rights unless you withdraw from the program. If you choose not to make the additional purchase, you will receive a reduced monthly unit benefit based on the balance in your unit account. <<744D8C10A71FA747BAB0FC9F8FB44CA8>]/Prev 71735/XRefStm 1407>>
Normal retirement age for general service members is age 65, or age 58 with 30 years of retirement credit. increasing citizen access. You are vested in the OPSRP Pension Program on the earliest date in which youcomplete at least 600 hours of service in each of five calendar years (the years do not have to be consecutive, but you cannot have a gap of more than five years). retirement. The following table lists the age you can retire with full benefits based on your classification and years of service. If you are working as an active member in a P&F position and are younger than 65, you may elect to purchase up to eight units through payroll deductions. 0000000016 00000 n
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A. Vesting in the pension account occurs after 5 years of contributions or age 65. 50 w/ 5 years of continuous service in a P&F position immediately preceding effective retirement date. health and dental insurance to PERS retirees and eligible dependents, Oregon Retirement Service Plan (OPSRP) Certification of 911 Operator Service. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. A. La Grande/Astoria v. PERB, 284 Or 173, 586 P2d 765 (1978), Authority for voluntary pension trust program for public employees not in education, (1971) Vol 35, p 998; application of 1971 amendments to benefits under this chapter to retired teachers, (1972) Vol 35, p 1243; retroactive credit for employees of the Legislative Assembly for benefits of the Public Employes' Retirement System, (1973) Vol 36, p 491; eligibility of Teachers' Retirement Fund members for increased retirement benefits under 1973 law, (1973) Vol 36, p 687; implied standards for level of funding which must be maintained to achieve "actuarial soundness," (1977) Vol 38, p 880. This can causea delay, but we are able to identify eligibility issues before the estimate is generated. At least 21 years of age by July 3, 2023 . Kansas and South Carolina smoothed out their calculations by averaging the five highest years of compensation, rather than three, and upping their vesting requirement from five years to eight. Similarly, facility maintenance specialists are responsible for supervising inmates who work in the physical plant, monitor tools and other equipment, and perform pat downs and other security checks. The minimum retirement age for service retirement for most members is 50 years with five years of service credit. "It's a gray area," he said. 0000008476 00000 n
S,dA4 Retirement age PERS service time. School employees: Read about some important differences in how your service credit is calculated. you consider the others.). A. Nevertheless, the reasoning that Police and Fire public employees deserve favorable retirement formulas is stretched by some of the positions that may qualify. A. Cookie Settings/Do Not Sell My Personal Information. v. PERB, 93 Or App 134, 760 P2d 1372 (1988), Sup Ct review denied, In home rule cities, retirement and life insurance benefits for police officers and firemen are predominantly matters of state concern rather than local concern. 0000004667 00000 n
Oregon isn't the most generous state when it comes to its Police and Fire classification. a0g:0"[>lv=?4.1v7#DCm6O!4\fht7q}:ljbr-L;a|2hk#.E8&i x3.47v:y#9& 4nkh|jvDx!.s$HXKsqADpOA Y_e0 A p G)`I2K6xMXJU7;?0UM[6j#%IJY9CY`QM^#ZV2s:]}RfSq]lcdYe kCPOCixZ8 s/
You will be eligible to receive monthly P&F unit benefits at retirement if you are at least age 45 when you leave a P&F position, or if you return to employment as a police officer or firefighter under Oregon Revised Statutes Chapter238 before the end of five years from the date you transferred to a job classification other thanpolice officer or firefighter. 0000005979 00000 n
PERS processes many writtenbenefit estimates in retirement date order, with the earliest retirement dates first. Your benefit will be actuarially reduced because you will receive it over a longer period of time. When you retire, PERS will calculate your monthly benefit using the following formula: General service: 1.5 percent x years of retirement credit x final average salary. Oregon State troopers confer in a Lincoln County case in January 2011. 0000049657 00000 n
XI 2, providing that "Legislative Assembly shall not enact, amend, or repeal any charter or act of incorporation for any municipality, city or town," did not deny legislature authority to enact statewide standards for police and fire fighters retirement and insurance benefits. 0000006871 00000 n
Had it been calculated at general services rate, it would be about 20 percent lower -- or about $698. 58 ; 60 . PoliceandFirefighterUnit Payment Application. Original Source: As a police officer and firefighter (P&F) member of the Public Employees Retirement System (PERS), you may elect to make additional contributions to purchase up to eight units of additional benefits. Membership of police officers and firefighters in Public Employees Retirement System, PERB was clearly within delegated authority in determining that no plan can be equal to or better than PERS unless it provides basic amounts of benefits in each of four major categories equivalent to 50 percent of that which would be provided under PERS. 0000010051 00000 n
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, director of research for the National Association of State Retirement Administrators. 0000003732 00000 n
Your unit account will be paid to your designated beneficiary. If you are vested, you may retire when you reach earliest retirement date age. Benefit estimates use updated actuarial factors effective January 1, 2020.. In addition, Your unit account will be credited annually with the same earnings as your regular member account. Ron Fox retired last year from the. Your employer must send a Notice of Separation to PERS so we can process your retirement. Eligibility to Retire OPSRP Pension Program, RETIREMENT APPLICATION ASSISTANCE SESSIONS, PURCHASE-RELATED FORMS (TIER ONE/TIER TWO ONLY), Any age with 25 years of 911 Operatorservice. "All of these positions required custody of inmates as part of the employee's duties," Elizabeth Craig, the department's communications director, wrote in an email. 0000050312 00000 n
Use of unused leave to increase retirement allowance. Police Officer. PERS released the pension information to The Oregonian in November 2011 as part of a . We perform eligibility reviews on approximately 35 percent of members who request an estimate. p=yF+&oY~#1O['e4vU6n~d]_/ E?I?E,Ky_8T]Vo>eR.. Service retirement allowance. Not eligible to retire but want to withdraw your IAP? 27 febrero, 2023 . 0000036668 00000 n
for non-profit, educational, and government users. The Oregon Department of Corrections (ODOC) is seeking Registered Nurses with a passion for caring for marginalized and underserved incarcerated individuals. Your P&F unit benefits are subject to Oregon state income tax if you are an Oregon resident. Retirement Application Assistance Session. 201 0 obj
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increasing citizen access. (last accessed Jun. as a human resources analyst and was classified as a Police and Fire employee. 0000001742 00000 n
If you retire on or after age 65,your unit account will be paid to you in a lump sumand would not include an employer benefit. 0000056464 00000 n
If your monthly P&F unit payments have started, yourremaining unit account balance at your death will be paid to your designated beneficiary. HVKo@c+zgwgBQ+1P8@:&.
@V}~3|1zo;ZeJrQm9>%#j~{m;3aZgP[4JRV_Zhk$boRDtY1vej[ Those hired on or after July 1, 1985, may earn a maximum of 75% of their average compensation when they retire. ORS 237.620 (Membership of police officers and firefighters in Public Employees Retirement System), ORS 181A.355 (Definitions for ORS 181A.355 to 181A.670). PERS Tier 1 and 2 Already a PERS member prior to August 29, 2003 PERS/OPSRP website 0000007638 00000 n
A member who retires prior to age 60 will receive unit payments over a minimum five-year period. Salary. Step 7: Attend a Retirement Application Assistance Session (RAAS). Similarly, PERS policy permits the. This guide will help you get information and make informed decisions about your retirement. Gen. we provide special support A. P&F Units are an additional benefit a Tier One or Tier Twopolice officer orfirefighter (see A-Z guide. Eligible at age 50 with 25 years of service, or age 55 with at least 5 years of service . Tier One Tier Two OPSRP General Service and School . 0000018497 00000 n
OPSRP General Service members may retire with full pension share benefits at age 65 or beginning at age 58 with 30 years of service. Welcome to public employment in Oregon! Alabama this year raised the retirement age for its police category to 56 and reduced its multiplier for state police from 2.875 percent to 2.375. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). POLICE/FIRE MEMBERS If you were hired Benefit Eligibility Requirements Early Retirement Reduction Benefit Multiplier worked or purchased Average Compensation 5 years at age 65 10 years at age 55 20 years at age 50 25 years at any age 4% for each full year member is under full retirement age and prorated for each month 2.5% prior to July 1, 2001 Step 7: Attend a Retirement Application Assistance Session (RAAS). P & F units are an additional benefit a police officer and firefighter may purchase with after-tax dollars. After you die, your surviving beneficiary will receive, for life, one-half the monthly benefit amount you were receiving at your death.. La Grande/Astoria v. PERB, 284 Or 173, 586 P2d 765 (1978), Authority for voluntary pension trust program for public employees not in education, (1971) Vol 35, p 998; application of 1971 amendments to benefits under this chapter to retired teachers, (1972) Vol 35, p 1243; retroactive credit for employees of the Legislative Assembly for benefits of the Public Employes' Retirement System, (1973) Vol 36, p 491; eligibility of Teachers' Retirement Fund members for increased retirement benefits under 1973 law, (1973) Vol 36, p 687; implied standards for level of funding which must be maintained to achieve "actuarial soundness," (1977) Vol 38, p 880. Please select the topic below to get more information. About 68 percent receive $3,000 or less a month $36,000 or less a year. PERS pays you this benefit over your lifetime. (3) Lump-Sum Purchase at Retirement. 237.610 Important notice for Police and Fire members: To retire at the early or normal retirement age for a police officer or firefighter, you must have worked continuously as a P&F member for at least 60 months immediately preceding your retirement, and your effective retirement date must be the first of the month following your separation from P&F The employer makes the contribution to PERS at a rate of 29.75% for Regular members and 44% for Police/Fire members. endstream
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If you retire after age 60 but before age 65, your P&F unit benefit will be paid to you from your effective retirement date to age 65. They will have you complete the Notice of Unit Election form and inform you of the amount that will be withheld each month (based on the number of units you purchase), after receiving the calculated monthly unit cost from PERS. We will always provide free access to the current law. The program has a normal retirement age of 65 for general service members (or 58 with 30 Through social The current EPC factor is 0.870510% for Regular members and .815574% for Police/Fire. At retirement, you will applyfor your units to begin either effective at your retirement date, or on a future date. La Grande/Astoria v. Public Employes Retirement Board, 281 Or 137, 576 P2d 1204 (1977), Const. Optional service-connected disability retirement allowance for police officers and firefighters. for non-profit, educational, and government users. 0000056189 00000 n
The amounts of the payroll deduction is based on your age when you sign up for P&F units and is based on the actuarial assumed rate of interest. An active and current police officer or firefighter may choose to make a lump-sum purchase of police and fire units within the 60 days prior to the police officer's or firefighter's effective retirement date. To make a P&F unit purchase immediately before retirement, complete the. Pension Benefit Eligibility. 0000010454 00000 n
Eight fully paid-up units provide$160 per month for 60 months. Through social You can only withdraw if you are no longer employed by a PERS-participating employer or a participating employer's controlled group under the federal law. The percentage is calculated for each member based on the years, months . 0000005206 00000 n
Some states have pensions that allow even Police Bureau administrative staffers to qualify, on the grounds that the workplace may be dangerous. Because it doesn't affect those tiers, you can enter any value. https://www.oregonlegislature.gov/bills_laws/ors/ors237.html Step 6: Complete the Service Retirement Application. His gross monthly PERS benefit is $1,618.13, whereas a general services benefit would be about $1,295. Payments are made over a minimum of five years (60 months) unless payments begin after you reach age 60. PERS Policy Paper - Police & Fire Classification Page 2 of 2 SL1 For example, if a 55-year-old Tier One member is in a position that is reclassified as P&F, that member can take full retirement immediately instead of waiting until the General Service normal retirement age of 58. To be sure, retirees who benefit from the designation are simply following the rules set by the Legislature. d entrepreneurship, were lowering the cost of legal services and Eligibility For Retirement Disability Retirement Survivor Benefits Getting a Retirement Estimate Retirement Webinars and Seminars 0000056855 00000 n
The Oregon Public Employees Retirement System pays pension benefits to 117,000 people. PERS will automatically start your unit monthly benefit at the time you choose. Membership of police officers and firefighters in Public Employees Retirement System, ORS 238.430 (Limitation on benefits payable to persons establishing membership on or after January 1, 1996), ORS 238A.025 (Oregon Public Service Retirement Plan established). 0000012634 00000 n
The formula for a general service employee is 1.67 percent of the average of the three highest years of salary, multiplied by years of service. As a purchaser of police officer and firefighter (P&F)
What are Police Officer and Firefighter (P & F) Units? His monthly gross benefit under PERS is $873.14. 237.620 "If it gets spread around, the whole rationale goes out the window.". Since 2001, U.S. statewide pension funds have experienced significant funding challenges due to the recessions of 2001-2002 and 2008-2009. qualified positions for the Police and Fire classification include employees of the Department of Corrections, Oregon State Police . Retirement with unreduced benefits ("normal retirement age"). Director and employees of the Department of Corrections; persons classified as police officers on July 27, 1989, who continue in the same position; persons who have been classified as police officers for seven consecutive . For Police and Fire hired before 2003, it is 2 percent -- a 20 percent bump. 0000065122 00000 n
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However, because the Average Overtime field is required when submitting a new - hire record, you need to enter a value for average overtime when you hire a Tier One or Tier Two member. PERS' Crosley said employees who leave Police and Fire jobs and accept general services jobs before retiring have their pensions calculated according to the years they serve in each class. OPSRP member: A member who is presently employed by a participating employer in an Oregon Public Employees Retirement Plan (OPSRP) Program qualifying position and who has completed the six-month waiting period.currently employed as a police officer or firefighter, you can purchase up to eight police officer and firefighter (P & F) units to Oregon PERS/Divorce Unit PO Box 23700 Tigard OR 97281 -3700 Fax: 503-598-0561 . Police and Fire. Police officers or firefighters who are entitled to receive benefits only under ORS chapter 238 and who established membership in the system on or after January 1, 1996, and before August 29, 2003, as described in ORS 238A.025 (Oregon Public Service Retirement Plan established) (4); and (c) 238.350. P&F: age 60 (see P&F. 5-year requirement below) or 53 w/ 25 yrs. 0000043246 00000 n
You are vested in your Tier One or Tier Two account on the earliest date in which you complete at least 600 hours of service in each of five calendar years (the years do not have to be consecutive, but you cannot have a gap of more than five years). Non-Oregon residents are not subject to Oregon state income tax. You will receive increased monthly benefits from your unit account based on the number of months you are to receive your benefit; however, the amount provided by the employer will not exceed $10 per month per unit purchased (maximum $80 monthly benefit for eight units). continuously for five or more years immediately before the effective date of
But when multiplied over thousands of employees, the Police and Fire bump adds to the overall creakiness of the retirement system. (See question 16.). However, this lump-sum purchase option is not available if the member is no longer actively employed in a P&F position or has already reached age 65. Step 9: Check For Information Regarding PERS Health And Dental Insurance. But he, like many DPSST employees, worked earlier at another agency -- in his case, the Department of Corrections -- where they were awarded their classifications. we provide special support A. Complete the. Over the years, as the Legislature has responded to appeals from employee groups, the Police and Fire category has expanded far beyond frontline public safety employees, an analysis by The Oregonian shows. *You must have held the position of police officer or firefighter
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XI 2, providing that "Legislative Assembly shall not enact, amend, or repeal any charter or act of incorporation for any municipality, city or town," did not deny legislature authority to enact statewide standards for police and fire fighters retirement and insurance benefits. 0000037488 00000 n
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$69,180.80 - $88,233.60 Annually . YouTubes privacy policy is available here and YouTubes terms of service is available here. Pay listed above is for a full-time . (last accessed Jun. . You will receive your first benefit payment within 92 days of your effective retirement date. Your unit benefit is a separate payment. OPSRP Overview and Benefit Calculation document, Step 4: Register for a Retirement Education Presentation. All employee members are General Service unless specified as another classification. Oregon's broadly applied designation contributes to the difficulties afflicting PERS, whose liabilities exceed its assets by about $16 billion. %PDF-1.4
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california police stress retirement. The financial advantage for Police and Fire employees lies in the way their pensions are reckoned under the Full Formula, a widely used retirement option. Read about important factors to consider when deciding whether to withdraw. After reading the PERS Policy Paper - Police & Fire Classification, that was . In some cases, it's obvious why some unexpected job titles show up in the PERS database as Police and Fire retirees. The age at which you can retire depends on your classification. 0000027796 00000 n
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And the distinction between Police and Fire and General Service retirees isn't enough to make anyone rich. You may elect amonthly payroll deduction before age 65. If, at the end of five years, you have not turned 50 or returned to a qualifying P&F position, your unit account, including annual earnings, will be refunded to you at that time. service. ORS "Cost for P&F Benefits PERS P&F members are eligible to retire at an earlier age and their retirement benefit is calculated using a higher factor . PERS also administers a . Police and Firefighter Units Questions and Answers. That deficit places a heavier burden on state and local governments, which may be forced to cut services or employees to make up the difference. Important notice for Police and Fire members: To retire at the early or normal retirement age for a police officer or firefighter, you must have worked continuously as a P&F member for at least 60 months immediately preceding your retirement, and your effective retirement date must be the first of the month following your separation from P&F employment. Average overtime only affects members of the Oregon Public Service Retirement Pl an (OPSRP). Generally,each P&F unit purchased provides a $20 monthly benefit if paid for 60 months: $10 from your unit account and $10 from your employer. OPSRP Police & Fire members may retire with full pension share benefits at age 60 or beginning at age 53 with 25 years of service. The question "has been an issue in other states," said. For further information, we advise you to consult a qualified tax professional or the IRS. endstream
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Option 3A. 0000003780 00000 n
More Local News to Love Start today for 50% off Expires 3/6/23, Public Safety Standards and Training Department, Oregon Public Employees Retirement System, The Oregonians continuing coverage of PERS, Department of Public Safety Standards and Training. Join thousands of people who receive monthly site updates. Members retire from IAP when they retire from Tier One, Tier Two, or OPSRP. . The City of Eugene participates in the Oregon Public Employees Retirement System - a . A. Oregon PERS members, you may be eligible to purchase retirement credit for that
If you voluntarily withdraw your unit account, you will not be allowed to sign up for P&F units again if you return to a PERS-qualifying P&F position. Some states have made similar adjustments. Police:1. PERS lists 21 job categories that can qualify, from police officers to "Department of Agriculture livestock police. 238.538. If you were first sworn at the Portland Police Bureau or Portland Fire & Rescue after December 31, 2006 you are an FPDR Three member. To ensure you meet this requirement, complete theCertification of 911 Operator Service form, and submit is to PERS. Certification of Out-of-State Police Service. average retirement age was 62 with 24 years of service; the average monthly benefit for that group at the time of retirement was $2,692, which represents 44 percent of final average salary. La Grande/Astoria v. Public Employes Retirement Board, 281 Or 137, 576 P2d 1204 (1977), Const. The list of job classifications that may qualify for the Police and Fire designation is long and sometimes misleading. 0000001586 00000 n
65 : Your employer is responsible for the accurate reporting of your job classification to PERS. Through social Location: An active member is defined as a member who ispresently employed by a PERS-covered employer in a qualifying positionand who has completed the six-month waiting period. Complete the, Police, Firefighter, and 911 Telecommunicators Forms, RETIREMENT APPLICATION ASSISTANCE SESSIONS, PURCHASE-RELATED FORMS (TIER ONE/TIER TWO ONLY), As a police officer and firefighter (P&F) member of
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Join thousands of people who receive monthly site updates. Prior to the Dot-Com Crash, statewide pension funds were over 95.6% funded in the aggregate. If you are an active member any time on or after reaching normal retirement age, you become a vested member regardless of years of service. Springfield Firefighters' Assoc. To purchase units complete the, If you were a police officer or firefighter
(They) monitor the inmates, are responsible for tool and key control, and perform pat downs (among other things). %%EOF
the Public Employees Retirement System (PERS), you may elect to make additional
You can view the Early Retirement Factors in Table 1 of PERS. This is currently 7.2 percent, but could change. Important information if you are aschoolemployee. A. PERS is one retirement system with three primary programs: Tier One, Tier Two and the Oregon Public Service Retirement Plan (OPSRP). https://oregon.public.law/statutes/ors_chapter_238, Effect of service interruptions on membership, Membership of part but not all employees of a public employer, Membership of certain circuit court judges, Membership of judges previously receiving retirement pay from Judges' Retirement Fund, Membership of certain legislative employees, Membership of community college employees, Limits on hours worked by retired members, Appointment or election of retired member to public office, Option of legislators to receive certain benefits, Restoration of credit forfeited by reason of termination of membership, Alternate method of restoring credit forfeited by reason of termination of membership, Credit for probationary period of employment, Credit for probationary periods in seasonal positions, Credit for service as police officer or firefighter with nonparticipating employer, Credit for service as public safety officer in another state, Contributions, benefits and retirement credit for periods of service in uniformed services or Armed Forces, Alternative provision for retirement credit for periods of service in uniformed services, Retirement credit for service while on loan to federal government, Retirement credit for service as teacher in public schools of another state, Credit for certain periods of employment by Legislative Assembly, Retirement credit for periods of disability, Payment of employee contribution by employer, Payment of certain circuit court judge employee contributions by employer, Contributions by certain higher education employees, Trustee-to-trustee transfers to fund restoration of forfeited service or purchase of retirement credit, Pooling of employers for purpose of computing employer contributions, Effect of lump sum payment to side account on contributions of pooled employer, Choice of amortization period for certain lump sum payments to side accounts, Unfunded liability or surplus after employee transfer or employer merger, consolidation or split, Credits to regular accounts when earnings less than assumed interest rate, Transfer of member account to other public employee retirement system, Optional service retirement allowance calculations, Lump sum payment in lieu of small allowance, Optional disability retirement allowance calculations, Medical examination for disability retirement allowance, Optional service-connected disability retirement allowance for police officers and firefighters, Use of unused leave to increase retirement allowance, Computation of unused sick leave for community college employees, Consumer price index for calculation of cost of living adjustments, Increased benefits payable in compensation for certain damages attributable to taxation of benefits, Calculation of increased benefit payable under ORS 238.362, Retirement allowance increase based on years of service, Retirement allowance increases for members who retired before January 1, 1991, Increased benefits not payable to nonresidents, Statements constitute declaration under penalty of perjury, Payment upon death of retired member who dies before making election of retirement benefits, Death benefit payable to survivors of certain police officers or firefighters, Distribution of death benefit as rollover distribution, Board may contract for insurance for retirees, Payment toward cost of pre-Medicare insurance, Payment toward cost of Medicare supplemental insurance, Benefits payable to vested inactive member, Limitation on benefits payable to persons establishing membership on or after January 1, 1996, Provisions applicable to persons establishing membership on or after January 1, 1996, Optional purchase of benefit units by police and firefighters, Benefits exempt from execution, bankruptcy and certain taxes, Execution or assignment of benefits to collect restitution or compensatory fine for felony, Computation of retirement allowance or benefit, Spousal consent required for certain optional forms of retirement allowance, Benefits payable to others under certain judgments, Effect of transfer of employee to another participating employer, Effect of change to calendar year on contributions and credit of members, Health benefit plans for certain retired judge members, Use of creditable service by person who serves as both member and judge member, Independent review of actuarial report on system, Separate actuarial equivalency factor tables for certain police officers and firefighters, Revolving fund for payment of administrative expenses, Exclusion of employer or employee from system to maintain tax qualification, Report on changes to actuarial methods and assumptions, Board consideration of system goals and objectives, Authority of Director of Public Employees Retirement System to require fingerprints, Contributions and interest not included in board's budget, Crediting of earnings to employer upon death or retirement of member, Transfer of unclaimed death benefit or account balance to other account or reserve, Method of payment of unfunded obligation under integration contract, Integration of retirement plan of mass transit district, Certain public bodies authorized to issue bonds to finance pension liabilities, Intergovernmental agreements for collective issuance, administration or payment of bonds, Enforcement of requirements of ORS chapters 238 and 238A, State departments to remit contributions and furnish reports, Unfunded Actuarial Liability Resolution Program.
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