Relating to the individual account program of the Oregon Public Service Retirement Plan; and declaring an e...
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HB 4159 — Relating to the individual account program of the Oregon Public Service Retirement Plan; and declaring an emergency.
Last action — Chapter 118, (2018 Laws): Effective date April 13, 2018.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed House
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced February 08, 2018. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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1 sponsor
0 primary, 1 co-sponsors signed on.
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Cleared a recorded vote
Passed 4 recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
Directs Public Employees Retirement Board to adopt rules providing that, if Oregon Investment Council invests assets of individual account program in multiple risk categories depending on characteristics of individual member, member of individual account program may <i>direct investment of individual accounts in any risk category or with other assets of Public Employees Retirement Fund</i>]<b> elect to have moneys in member's individual accounts deposited into approved investment option</b>. <b>Directs office of State Treasurer to review legal and fiduciary standards. Provides that if office of State Treasurer determines that standards prohibit implementation of Act, board may not adopt rules to implement Act.</b> Declares emergency, effective on passage.
Bill Text
We don't have the full text on file for this bill yet.
Read HB 4159 on the official Oregon source →Action History
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Chapter 118, (2018 Laws): Effective date April 13, 2018.
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Governor signed.
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President signed.
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Speaker signed.
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Rules suspended. Third reading. Carried by Manning Jr. Passed.
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Second reading.
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Recommendation: Do pass the A-Eng. bill.
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Referred to Ways and Means.
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First reading. Referred to President's desk.
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Rules suspended. Third reading. Carried by Williamson. Passed.
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Second reading.
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Recommendation: Do pass.
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Work Session held.
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Work Session held.
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Returned to Full Committee.
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Assigned to Subcommittee On General Government.
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Referred to Ways and Means by order of Speaker.
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Recommendation: Do pass with amendments, be printed A-Eng and be referred to Ways and Means.
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Work Session held.
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Public Hearing held.
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Referred to Business and Labor.
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First reading. Referred to Speaker's desk.
Sponsors
- Betsy Johnson · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 1 co-sponsors · 89 not signed on
Sponsors (0)
None.
Co-sponsors (1)
Not signed on (89)
89 members have not signed on to this bill.
Show all 89 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 39 | 0 | 0 | 0 |
| Democrat | 13 | 0 | 0 | 1 |
| Republican | 7 | 0 | 0 | 0 |
| Total | 59 | 0 | 0 | 1 |
| % of votes cast | 98% | 0% | 0% | 2% |
How each member voted (60)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 21 | 0 | 0 | 2 |
| Democrat | 5 | 0 | 0 | 0 |
| Republican | 1 | 0 | 0 | 1 |
| Total | 27 | 0 | 0 | 3 |
| % of votes cast | 90% | 0% | 0% | 10% |
How each member voted (30)
| Member | Party | Vote |
|---|---|---|
| Alan DeBoer | — | Yea |
| Alan Olsen | — | Yea |
| Arnie Roblan | — | Yea |
| Betsy Johnson | — | Yea |
| Bill Hansell | — | Yea |
| Brian Boquist | — | Yea |
| Chuck Riley | — | Yea |
| Chuck Thomsen | — | Yea |
| Cliff Bentz | — | Yea |
| Dennis Linthicum | — | Yea |
| Elizabeth Steiner Hayward | — | Yea |
| Ginny Burdick | — | Yea |
| Herman Baertschiger Jr. | — | Yea |
| Jackie Winters | — | Not Voting |
| Jeff Kruse | — | Not Voting |
| Laurie Monnes Anderson | — | Yea |
| Lee Beyer | — | Yea |
| Mark Hass | — | Yea |
| Michael Dembrow | — | Yea |
| Peter Courtney | — | Yea |
| Rod Monroe | — | Yea |
| Sara Gelser | — | Yea |
| Tim Knopp | — | Yea |
| Floyd Prozanski | Democrat | Yea |
| James Manning Jr. | Democrat | Yea |
| Kathleen Taylor | Democrat | Yea |
| Lew Frederick | Democrat | Yea |
| Rob Wagner | Democrat | Yea |
| Fred Girod | Republican | Yea |
| Kim Thatcher | Republican | Not Voting |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 32 | 0 | 0 | 0 |
| Democrat | 10 | 0 | 0 | 0 |
| Republican | 4 | 0 | 0 | 0 |
| Total | 46 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (46)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 9 | 0 | 0 | 0 |
| Democrat | 2 | 0 | 0 | 0 |
| Total | 11 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (11)
| Member | Party | Vote |
|---|---|---|
| Bill Kennemer | — | Yea |
| Carl Wilson | — | Yea |
| Carla Piluso | — | Yea |
| Dallas Heard | — | Yea |
| Denyc Boles | — | Yea |
| Greg Barreto | — | Yea |
| Janelle Bynum | — | Yea |
| Margaret Doherty | — | Yea |
| Paul Holvey | — | Yea |
| Julie Fahey | Democrat | Yea |
| Paul Evans | Democrat | Yea |
Subjects
Frequently asked questions
- What does HB 4159 do?
- Directs Public Employees Retirement Board to adopt rules providing that, if Oregon Investment Council invests assets of individual account program in multiple risk categories depending on characteristics of individual member, member of individual account program may <i>direct investment of individual accounts in any risk category or with other assets of Public Employees Retirement Fund</i>]<b> elect to have moneys in member's individual accounts deposited into approved investment option</b>. <b>Directs office of State Treasurer to review legal and fiduciary standards. Provides that if office of State Treasurer determines that standards prohibit implementation of Act, board may not adopt rules to implement Act.</b> Declares emergency, effective on passage.
- Who sponsors HB 4159?
- HB 4159 is sponsored by Betsy Johnson.
- What is the current status of HB 4159?
- This bill has been enacted into law. Introduced February 08, 2018. Enacted.
- Where can I track HB 4159?
- Track HB 4159 free on One Click Politics — get push/email alerts when it moves.
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