Oregon 2019 Regular Session Status: Enacted

SB 1049 — Relating to public employee retirement; and declaring an emergency.

Last action — Effective date, June 11, 2019.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced May 06, 2019. Enacted.

Prognosis

Likely to advance 72% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    2 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 3 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

<i>Directs Public Employees Retirement Board to study issues relating to Public Employees Retirement System and report to appropriate committee or interim committee of Legislative Assembly no later than September 15, 2020.</i>] <b>Redirects portion of employee contributions of member of Public Employees Retirement System to employee pension stability account. Directs Public Employees Retirement Board to apply amounts in account to pay costs of pension or other retirement benefits payable to member that accrue on or after July 1, 2020. Allows certain participating public employer making lump sum payment of employer contributions to choose year in which to begin using lump sum payment to offset employer contributions required of employer. Modifies provisions relating to pension obligation bonds. Directs board, in year 2019, to determine liabilities attributable to benefits to be provided to Tier 1 and 2 members and set employer contribution rates to ensure that liabilities will be funded 22 years after determination. Modifies provisions relating to investment options available under individual account program. Eliminates restrictions on reemployment of retired members of system until December 31, 2024. Requires employer of retired member to make additional employer contribution to system. Beginning in 2020, caps at $195,000 annual salary used to calculate final average salary for purposes of system. Transfers proceeds of sports betting games to Employer Incentive Fund. Modifies provisions relating to Employer Incentive Fund, School Districts Unfunded Liability Fund and Unfunded Actuarial Liability Resolution Program. Requires board to report to Joint Committee on Ways and Means or Joint Interim Committee on Ways and Means on proposed changes to actuarial methods and assumptions. Appropriates moneys for deposit in Employer Incentive Fund to match certain employer contributions. Provides for expedited review of Act by Supreme Court upon petition by adversely affected party. Declares emergency, effective on passage.</b>

Bill Text

We don't have the full text on file for this bill yet.

Read SB 1049 on the official Oregon source →

Action History

  1. Effective date, June 11, 2019.

  2. Chapter 355, 2019 Laws.

  3. Governor signed.

  4. Speaker signed.

  5. President signed.

  6. Vote explanation(s) filed by Alonso Leon, Bynum, Keny-Guyer, McLain, Meek, Mitchell, Neron, Piluso, Prusak, Salinas, Sanchez, Schouten, Smith Warner, Sollman, Wilde, Williams, Williamson.

  7. Third reading as Special Order of Business. Carried by Holvey. Passed.

  8. Rules suspended. Made a Special Order of Business on May 30, 2019 Calendar.

  9. Second reading.

  10. Recommendation: Do pass.

  11. Referred to Ways and Means.

  12. First reading. Referred to Speaker's desk.

  13. Vote explanation filed by Prozanski.

  14. Rules suspended. Third reading. Carried by Girod. Passed.

  15. Second reading.

  16. Recommendation: Do pass with amendments. (Printed A-Eng.)

  17. Work Session held.

  18. Work Session held.

  19. Returned to Full Committee.

  20. Public Hearing held.

  21. Possible Work Session cancelled.

  22. Assigned to Subcommittee On Capital Construction.

  23. Referred to Ways and Means.

  24. Introduction and first reading. Referred to President's desk.

Sponsors

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 88 not signed on · 42 voted No

Sponsors (2)

Co-sponsors (0)

None.

Not signed on (88)

88 members have not signed on to this bill.

Show all 88 →

"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third reading as Special Order of Business. Carried by Holvey. Passed.

Passed 31 Yea · 29 Nay
Party YeaNayPresentNot Voting
Unaffiliated 201700
Democrat 11300
Republican 0900
Total 312900
% of votes cast 52%48%0%0%
How each member voted (60)
Member Party Vote
Alissa Keny-Guyer — Yea
Andrea Salinas — Yea
Anna Williams — Yea
Barbara Smith Warner — Yea
Bill Post — Nay
Brad Witt — Yea
Brian Clem — Nay
Caddy McKeown — Yea
Carl Wilson — Nay
Carla Piluso — Yea
Cheri Helt — Nay
Courtney Neron — Yea
Dan Rayfield — Yea
Denyc Boles — Nay
Diego Hernandez — Nay
Duane Stark — Nay
Gary Leif — Nay
Greg Barreto — Nay
Jack Zika — Nay
Janelle Bynum — Yea
Jeff Barker — Nay
Jeff Reardon — Yea
Jennifer Williamson — Yea
Karin Power — Yea
Lynn Findley — Nay
Margaret Doherty — Nay
Marty Wilde — Yea
Mike Nearman — Nay
Mitch Greenlick — Yea
Paul Holvey — Yea
Rachel Prusak — Nay
Ron Noble — Nay
Sheri Schouten — Yea
Sherrie Sprenger — Nay
Teresa Alonso Leon — Yea
Tiffiny Mitchell — Yea
Tina Kotek — Yea
Chris Gorsek Democrat Nay
David Gomberg Democrat Yea
Janeen Sollman Democrat Yea
John Lively Democrat Yea
Julie Fahey Democrat Yea
Ken Helm Democrat Yea
Mark Meek Democrat Yea
Nancy Nathanson Democrat Yea
Pam Marsh Democrat Yea
Paul Evans Democrat Nay
Rob Nosse Democrat Yea
Sue Rieke Smith Democrat Nay
Susan McLain Democrat Yea
Tawna Sanchez Democrat Yea
Cedric Hayden Republican Nay
Christine Drazan Republican Nay
Daniel Bonham Republican Nay
David Brock Smith Republican Nay
E. Werner Reschke Republican Nay
Kim Wallan Republican Nay
Mike McLane Republican Nay
Rick Lewis Republican Nay
Shelly Boshart Davis Republican Nay

Official roll call →

Rules suspended. Third reading. Carried by Girod. Passed.

Passed 16 Yea · 12 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 12802
Democrat 3300
Republican 1100
Total 161202
% of votes cast 53%40%0%7%
How each member voted (30)
Member Party Vote
Alan Olsen — Not Voting
Arnie Roblan — Yea
Betsy Johnson — Yea
Bill Hansell — Yea
Brian Boquist — Nay
Chuck Riley — Yea
Chuck Thomsen — Nay
Cliff Bentz — Nay
Dallas Heard — Nay
Dennis Linthicum — Nay
Elizabeth Steiner Hayward — Yea
Ginny Burdick — Yea
Herman Baertschiger Jr. — Nay
Jackie Winters — Not Voting
Laurie Monnes Anderson — Yea
Lee Beyer — Yea
Mark Hass — Yea
Michael Dembrow — Yea
Peter Courtney — Yea
Sara Gelser — Nay
Shemia Fagan — Nay
Tim Knopp — Yea
Floyd Prozanski Democrat Yea
James Manning Jr. Democrat Yea
Jeff Golden Democrat Nay
Kathleen Taylor Democrat Nay
Lew Frederick Democrat Yea
Rob Wagner Democrat Nay
Fred Girod Republican Yea
Kim Thatcher Republican Nay

Official roll call →

Heard and Reported Out with Amendments

Passed 30 Yea · 10 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 16602
Democrat 12200
Republican 2200
Total 301002
% of votes cast 71%24%0%5%
How each member voted (42)
Member Party Vote
Arnie Roblan — Yea
Arnie Roblan — Yea
Betsy Johnson — Yea
Betsy Johnson — Yea
Bill Hansell — Nay
Bill Hansell — Nay
Carla Piluso — Yea
Carla Piluso — Yea
Chuck Thomsen — Nay
Chuck Thomsen — Nay
Dallas Heard — Yea
Dallas Heard — Yea
Dan Rayfield — Yea
Dan Rayfield — Yea
Duane Stark — Nay
Duane Stark — Nay
Elizabeth Steiner Hayward — Yea
Elizabeth Steiner Hayward — Yea
Jackie Winters — Not Voting
Jackie Winters — Not Voting
Lee Beyer — Yea
Lee Beyer — Yea
Paul Holvey — Yea
Paul Holvey — Yea
David Gomberg Democrat Yea
David Gomberg Democrat Yea
James Manning Jr. Democrat Yea
James Manning Jr. Democrat Yea
Lew Frederick Democrat Yea
Lew Frederick Democrat Yea
Rob Nosse Democrat Yea
Rob Nosse Democrat Yea
Rob Wagner Democrat Yea
Rob Wagner Democrat Yea
Sue Rieke Smith Democrat Nay
Sue Rieke Smith Democrat Nay
Susan McLain Democrat Yea
Susan McLain Democrat Yea
Fred Girod Republican Yea
Fred Girod Republican Yea
Mike McLane Republican Nay
Mike McLane Republican Nay

Official roll call →

Subjects

finance labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 1049 do?
<i>Directs Public Employees Retirement Board to study issues relating to Public Employees Retirement System and report to appropriate committee or interim committee of Legislative Assembly no later than September 15, 2020.</i>] <b>Redirects portion of employee contributions of member of Public Employees Retirement System to employee pension stability account. Directs Public Employees Retirement Board to apply amounts in account to pay costs of pension or other retirement benefits payable to member that accrue on or after July 1, 2020. Allows certain participating public employer making lump sum payment of employer contributions to choose year in which to begin using lump sum payment to offset employer contributions required of employer. Modifies provisions relating to pension obligation bonds. Directs board, in year 2019, to determine liabilities attributable to benefits to be provided to Tier 1 and 2 members and set employer contribution rates to ensure that liabilities will be funded 22 years after determination. Modifies provisions relating to investment options available under individual account program. Eliminates restrictions on reemployment of retired members of system until December 31, 2024. Requires employer of retired member to make additional employer contribution to system. Beginning in 2020, caps at $195,000 annual salary used to calculate final average salary for purposes of system. Transfers proceeds of sports betting games to Employer Incentive Fund. Modifies provisions relating to Employer Incentive Fund, School Districts Unfunded Liability Fund and Unfunded Actuarial Liability Resolution Program. Requires board to report to Joint Committee on Ways and Means or Joint Interim Committee on Ways and Means on proposed changes to actuarial methods and assumptions. Appropriates moneys for deposit in Employer Incentive Fund to match certain employer contributions. Provides for expedited review of Act by Supreme Court upon petition by adversely affected party. Declares emergency, effective on passage.</b>
Who sponsors SB 1049?
SB 1049 is sponsored by Tina Kotek and Peter Courtney.
What is the current status of SB 1049?
This bill has been enacted into law. Introduced May 06, 2019. Enacted.
Where can I track SB 1049?
Track SB 1049 free on One Click Politics — get push/email alerts when it moves.

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