[DAS_Centralized_PERS_Services_Team] FW: PERS Director: Statement on Senate Bill 1049

Tue Jun 4 09:33:24 PDT 2019

FYI-

From: Oregon PERS [mailto:OregonPERS at public.govdelivery.com]
Sent: Monday, June 03, 2019 3:36 PM
To: TOBIASSON Shauna M * DAS <Shauna.M.TOBIASSON at oregon.gov>
Subject: PERS Director: Statement on Senate Bill 1049

PERS needs time to fully analyze and implement the bill

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[PERS logo and Mt. Hood]

June 2019

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PERS Director: Statement on Senate Bill 1049

The Oregon Legislature is the "plan sponsor" for PERS, the system, and has the authority to determine the benefit structure for public employees. With the passage of Senate Bill 1049<http://links.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbXNpZD0mYXVpZD0mbWFpbGluZ2lkPTIwMTkwNjAzLjY1ODEzNDEmbWVzc2FnZWlkPU1EQi1QUkQtQlVMLTIwMTkwNjAzLjY1ODEzNDEmZGF0YWJhc2VpZD0xMDAxJnNlcmlhbD0xODU0NzQ2NyZlbWFpbGlkPXNoYXVuYS5tLnRvYmlhc3NvbkBvcmVnb24uZ292JnVzZXJpZD1zaGF1bmEubS50b2JpYXNzb25Ab3JlZ29uLmdvdiZ0YXJnZXRpZD0mZmw9JmV4dHJhPU11bHRpdmFyaWF0ZUlkPSYmJg==&&&102&&&https://olis.leg.state.or.us/liz/2019R1/Measures/Overview/SB1049> (pending final approval by the Governor), PERS, the agency, wants our members, employers, and other stakeholders to understand the impacts of this bill<http://links.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbXNpZD0mYXVpZD0mbWFpbGluZ2lkPTIwMTkwNjAzLjY1ODEzNDEmbWVzc2FnZWlkPU1EQi1QUkQtQlVMLTIwMTkwNjAzLjY1ODEzNDEmZGF0YWJhc2VpZD0xMDAxJnNlcmlhbD0xODU0NzQ2NyZlbWFpbGlkPXNoYXVuYS5tLnRvYmlhc3NvbkBvcmVnb24uZ292JnVzZXJpZD1zaGF1bmEubS50b2JpYXNzb25Ab3JlZ29uLmdvdiZ0YXJnZXRpZD0mZmw9JmV4dHJhPU11bHRpdmFyaWF0ZUlkPSYmJg==&&&103&&&https://www.oregon.gov/pers/MEM/Pages/SB1049.aspx>, as we reiterate our commitment to serving public employees and the people of Oregon.

The agency administers the Public Employees Retirement System in partnership with more than 900 public employers across the state of Oregon. We engage with over 367,000 current and former public employees or their beneficiaries, serving the people of Oregon by administering public employee benefit trusts to pay the right person, the right benefit, at the right time.

Senate Bill 1049 will add complexity to the PERS system and the agency will need time to fully analyze and implement the various aspects of the bill. Thank you for your patience and understanding as we work to assess and prepare for these changes.

PERS has created a web page<http://links.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbXNpZD0mYXVpZD0mbWFpbGluZ2lkPTIwMTkwNjAzLjY1ODEzNDEmbWVzc2FnZWlkPU1EQi1QUkQtQlVMLTIwMTkwNjAzLjY1ODEzNDEmZGF0YWJhc2VpZD0xMDAxJnNlcmlhbD0xODU0NzQ2NyZlbWFpbGlkPXNoYXVuYS5tLnRvYmlhc3NvbkBvcmVnb24uZ292JnVzZXJpZD1zaGF1bmEubS50b2JpYXNzb25Ab3JlZ29uLmdvdiZ0YXJnZXRpZD0mZmw9JmV4dHJhPU11bHRpdmFyaWF0ZUlkPSYmJg==&&&104&&&https://www.oregon.gov/pers/MEM/Pages/SB1049.aspx> containing information about this bill, what groups will (or will not) be impacted, and a timeline of possible implementation. The page will contain the latest information and analysis of the future impacts to members and employers. We encourage all interested parties to regularly review this page and sign up for our special GovDelivery topic<http://links.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbXNpZD0mYXVpZD0mbWFpbGluZ2lkPTIwMTkwNjAzLjY1ODEzNDEmbWVzc2FnZWlkPU1EQi1QUkQtQlVMLTIwMTkwNjAzLjY1ODEzNDEmZGF0YWJhc2VpZD0xMDAxJnNlcmlhbD0xODU0NzQ2NyZlbWFpbGlkPXNoYXVuYS5tLnRvYmlhc3NvbkBvcmVnb24uZ292JnVzZXJpZD1zaGF1bmEubS50b2JpYXNzb25Ab3JlZ29uLmdvdiZ0YXJnZXRpZD0mZmw9JmV4dHJhPU11bHRpdmFyaWF0ZUlkPSYmJg==&&&105&&&https://public.govdelivery.com/accounts/ORPERS/subscriber/new?topic_id=ORPERS_68> to be informed when new updates are added.

SB 1049 Information<http://links.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbXNpZD0mYXVpZD0mbWFpbGluZ2lkPTIwMTkwNjAzLjY1ODEzNDEmbWVzc2FnZWlkPU1EQi1QUkQtQlVMLTIwMTkwNjAzLjY1ODEzNDEmZGF0YWJhc2VpZD0xMDAxJnNlcmlhbD0xODU0NzQ2NyZlbWFpbGlkPXNoYXVuYS5tLnRvYmlhc3NvbkBvcmVnb24uZ292JnVzZXJpZD1zaGF1bmEubS50b2JpYXNzb25Ab3JlZ29uLmdvdiZ0YXJnZXRpZD0mZmw9JmV4dHJhPU11bHRpdmFyaWF0ZUlkPSYmJg==&&&106&&&https://www.oregon.gov/pers/MEM/Pages/SB1049.aspx>

Please be aware that PERS staff and Member Services call agents may not be able to answer individual retirement questions directly until we fully analyze the bill and establish an implementation plan.

We appreciate your understanding and support as we continue to administer the retirement system while making the necessary improvements to fulfill the directives in this new legislation.

Sincerely,

Kevin Olineck
PERS Director

Contact PERS<http://links.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbXNpZD0mYXVpZD0mbWFpbGluZ2lkPTIwMTkwNjAzLjY1ODEzNDEmbWVzc2FnZWlkPU1EQi1QUkQtQlVMLTIwMTkwNjAzLjY1ODEzNDEmZGF0YWJhc2VpZD0xMDAxJnNlcmlhbD0xODU0NzQ2NyZlbWFpbGlkPXNoYXVuYS5tLnRvYmlhc3NvbkBvcmVnb24uZ292JnVzZXJpZD1zaGF1bmEubS50b2JpYXNzb25Ab3JlZ29uLmdvdiZ0YXJnZXRpZD0mZmw9JmV4dHJhPU11bHRpdmFyaWF0ZUlkPSYmJg==&&&107&&&https://www.oregon.gov/pers/Pages/Contact-Us.aspx>

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This service is provided to you by Oregon PERS<http://links.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbXNpZD0mYXVpZD0mbWFpbGluZ2lkPTIwMTkwNjAzLjY1ODEzNDEmbWVzc2FnZWlkPU1EQi1QUkQtQlVMLTIwMTkwNjAzLjY1ODEzNDEmZGF0YWJhc2VpZD0xMDAxJnNlcmlhbD0xODU0NzQ2NyZlbWFpbGlkPXNoYXVuYS5tLnRvYmlhc3NvbkBvcmVnb24uZ292JnVzZXJpZD1zaGF1bmEubS50b2JpYXNzb25Ab3JlZ29uLmdvdiZ0YXJnZXRpZD0mZmw9JmV4dHJhPU11bHRpdmFyaWF0ZUlkPSYmJg==&&&110&&&http://www.oregon.gov/PERS/Pages/index.aspx>.

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