SB 5534
Limits certain biennial expenditures from fees, moneys or other revenues, including Miscellaneous Receipts, but excluding lottery funds and federal funds, collected or received by the Public Employees Retirement System.
Jurisdiction
Oregon
Session
2025 Regular Session
At the request of
(at the request of Oregon Department of Administrative Services)
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill sets maximum spending limits for the Public Employees Retirement System (PERS) for the 2025-2027 biennium. It specifies dollar amounts for various divisions within PERS, including Central Administration, Financial Services, and Information Services. The bill also outlines specific allocations for programs like ORION Modernization and addresses limitations on expenditures related to refunds, benefits, and health insurance. An emergency clause declares the bill effective immediately upon passage.
Key provisions
- Establishes maximum spending limits for PERS divisions (Central Administration, Financial Services, etc.).
- Allocates specific funding amounts for the ORION Modernization Project.
- Exempts certain PERS expenditures, including refunds, benefits, and health insurance payments, from spending limitations.
- Decreases a previously established limitation on spending for the ORION Modernization Project by $300,000.
- Increases a previously established limitation on spending for the ORION Modernization Project's assessment of replacement systems by $300,000.
- Designates lottery funds and federal funds as excluded from the spending limits.
- Addresses funding for the Employer Incentive Fund.
- Establishes a $1 limit for payment of expenses from the Employer Incentive Fund.
Who is affected
- Public Employees Retirement System (PERS)
- State Employees
- Pension Recipients
- Taxpayers (through PERS funding)
- Oregon Residents (indirectly, through PERS funding)
Sponsors
Official sponsors from legislative records.
Primary sponsor
Oregon Department of Administrative Services
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