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About The Oregon state employee. (Salem, Oregon.) 1944-195? | View Entire Issue (March 1, 1945)
12 T h e R e tir e m e n t A c t FO R T Y-T H IR D L E G IS L A T IV E A SSE M B L Y —R E G U LA R SESSIO N REENGRO SSED House Bill No. 344 (As Amended) Introduced by Rephesentatives V A N D Y K E , THOM AS, FR ISBEE, M OORE and M A N LEY W ILSON and Senators M cK EN N A and P A U L P AT TER SO N and read first time February 3, 1945. A BIEL For an act establishing a system of retire ment and of benefits at retirement or death for certain officers and employes of the state and its political subdivisions; providing for the integration of other similar systems with this system; provid ing for the costs of the system; appropri ating money therefor; and providing a savings clause. Be It Enacted by the People of the State of Oregon: Section 1. This act shall be known as the public employes retirement act. Section 2. As used in this act (1) the term “public employer” means the state, one of its agencies or one of its political subdivisions; (2) the term “ employe” includes, in addi tion to employes, public officers, but not persons employed as independent contrac tors. (3) the term “ volunteer fire-fighter” means a fire-fighter whose position norm ally requires less than 600 hours of service per year. (4) the term “ salary” means the remun eration paid an employe in cash out of the funds of a public employer in return for his services to the employer, plus the mone tary value, as determined by the public employes retirement board, of whatever living quarters, board, lodging, fuel, laun dry and other advantages the employer furnishes him in return for his services. (5) the term “ annunity” means payments for life derived from contributions made by a member as provided in this act. (6) the term “ pension” means annual payments for life derived from contribu tions by one or more public employers. (7) the term “ continuous service” means service not interrupted for more than five years. Section 3. A system of rettirement and of benefits at retirement or death for employes of public employers is hereby established and shall be known as the public employes retirement system. Any similar system be ing operated by a public employer at the time this act takes effect may be inte grated into this system as hereinafter pro vided. Section 4. (1) The governing authority of the system shall be a board of five persons appointed by the governor and known as the public employes retirement board. (2) The board shall have (a) the powers and privileges of a corporation and (b) the power and duty, subject to the limitations of this act, of managing the system. (3) The board (a) shall, at its first meet ing each year, designate one of its mem bers to serve as chairman of the board for the remainder of the year and until his successor is designated and takes that of fice; (b) shall arrange for actuarial service for the system; (c) shall employ an execu tive secretary as hereinafter provided; (d) shall create such other positions as it deems necessary to sound and economical admin istration of the system, which positions the executive secretary shall fill by appoint ment; and (e) shall, with the approval of the budget director, fix the salaries of all persons employed for purposes of adminis tering the system. (4) The attorney general shall be the le gal advisor of the board. (5) A member of the board shall receive no compensation for his services as such, but shall be reimbursed from the public employes retirement fund for expenses in cidental to his rendering those services. Section 5. (1) Of the five members of the board, two shall be citizens (a) who have resided in the state for two years im mediately preceding their appointment to the board and (b) neither of whom (i) is an employe of a public employer during his term of office on the board or (ii) has been such an employe for two years immediately preceding his appointment to the board. (2) The other three of the first five members of the board shall be persons who would be eligible for membership in the system if it were established at the time of their appointment. A ll successors of any of the three shall be members of the system. (3) Of the first five members of the board, the governor shall designate one to serve until Ju ly 1, 1946, one until Ju ly 1, 1947, one until Ju ly 1, 1948, one until Ju ly 1, 1949, and one until Ju ly 1, 1950. Except as this section otherwise provides, a mem ber of the board other than one of these five shall serve for five years and until his successor is appointed and takes office. Each member of the board shall have the same qualifications as this act prescribes for his predecessor. (4) A member of the board who is not one of its first five members andw ho is required to be a member of the system in order to be a member of the board shall be appointed from a list of five members of the system which its membership nom inates, in accordance with a system of nominations prescribed by the governor, for membership on the board. (5) In the event that a member of the board fails to complete the term of office previously provided for him in this section the governor shall appoint a person to suc ceed him as a member of the board for the unexpired portion of the term. Section 6. Subject to the limitations of this act the board shall, from time to time, establish rules and regulations for transact ing its business and administering the sys tem. No such rule shall have effect, how ever. until 10 days after all the following conditions are substantially met: (1) A copy of the rule, in the form in which the board proposes it. shall be de livered. within 30 davs after the board pro poses it, to the budget director and to all public employers participating in the sys tem. (2) As soon as such an employer receives
