Image provided by: SEIU Local 503; Salem, OR
About The OSEA news. (Salem, Oregon) 1970-1981 | View Entire Issue (Dec. 1, 1970)
D e c e m b e r , 1970 P a g e 11 The O SEA New s Holiday Motel WE M E E T (AND BETTER) STATE RATES! TV— PHONES—LONG BEDS Improved Retirement Benefits Sought Major changes in four areas Retirement System law have being drafted into legislation Public Employes Retirement of the Public Employes been proposed and are by the second Oregon Conference. CHANGE DEATH B E N E F IT PROVISIONS (3) Change the PERS death benefit provisions as follows: (a) The one-half year salary limitation be deleted. SKIERS WELCOME! Holiday Motel (A Walton Inn) On Highway 97 (1340 S. Third St.) Bend, Oregon Phone: 382-4620 Why Pay More? All gas cards honored »***#***»*##*#***#»**** Busy Bee Beauty Salon 2-B Capitol Tower Bldg. 388 State St. Downtown Salem Parking on ^Liberty St. for Capitol Tower patrons Bus Across Street From Salon Telephone 363-3663 tonight for your appointment tomorrow Instant credit BankAmericard MasterCharge Busy Bee Beauty Salon 388 State Street Downtown Salem Phone 363-3663 the Motel 6 w ay. . . and Save! If approved by the 1971 Legislature, the changes would boost present and future retirement benefits paid to Oregon's public employes, improve the death benefits under the PERS and liberalize the system's variable annuity program. Various methods of improving Oregon's retirement system and the benefits it provides have been under study by the conference since last March. As a result of the study, the conference has declared the "following improvements to the Public Employes Retirement System are of the greatest importance to maintain adequate retirement benefits for the public employes of Oregon:" CHANGE FORMULA COMPUTATION _(1) Change the PERS formula computation as follows: (a) Change the factor from .0067 to .0084 for miscellaneous employes and from .0092 to .0115 for police and firemen. (b) Remove the limitation of 25 years of credit for police and firemen and 30 years of credit for miscellaneous employes. (c) Change the final average salary from the five highest years in the last ten years of employment to the highest three years in the last ten years of em ployment. RESULT "Those changes in the formula would produce a pension from employer funds of 25 percent after 30 years of service and age 65 to miscellaneous employes, and 28.75 per cent after 25 years of service at age 60 to police and firemen. In addition, it would recognize the true career employe, crediting him with service in excess of 25 or 30 years, depending upon his classification," the conference says. LIB ER A LIZE VARIABLE A N N U ITY OPTION (2) Employes should have an annual option to discontinue their participation in the PERS variable annuity option. RESULT "That change would permit an employe more flexible investment opportunities and would also satisfy those employes who feel they would like to participate in the program but will not do so under the present provision of being 'locked in' with no right to discontinue their participation in the program," ac cording to the conference. (c) The beneficiary have the option of receiving the death benefit in a lump sum payment or, in lieu of that, receive monthly benefits for life from both the employe and employer funds. RESULT "Those changes would bring the Public Employes Retirement System into line with the other major retirement programs in ths state, such as TRFA and TIAA-CREF. It would result in the employe's beneficiary or his estate being entitled to matching funds based on his account balance at the time of death." " It would also provide for the survivor of a career employe to receive monthly benefits for life if he so desires. That would be more in line with fulfilling the aims of the retirement program," the conference says. PROVIDE COST-OF-LIVING BOOSTS (4) The employer benefit should be multiplied each year by that percentage computed by the U.S. Department of Labor for Portland which is the váriance in the cost-of-living for the year prior to the adjustment. RESULT "That provision would allow for cost-of-living ad justments to be made to retirees of the PERS. It would be done with the understanding that the cost of living can go down as well as up, and therefore the benefit checks could decrease or increase depending upon the cost of living index," according to the retirement conference. To acquaint both public employes and members of the 1971 Legislature with the proposed changes, the conference held meetings in Portland, Pendleton, Eugene and Medford earlier this month. State em ployes as well as local government employes were invited to the meetings along with the senators and representatives from the legislative districts. The conference is composed of the following public employe organizations: The Oregon State Employes Association, Oregon Education Association, Oregon School Employes Association, Oregon Retired Teachers Association, Association of Engineering Employes of Oregon and the Teachers Retirement Fund Association. State Committee M em bers Named Members of OSEA's 10 state committees were named at the Board of Directors meeting in Salem on Nov. 21. Committee members were appointed by the board member elected by the 1970 General Council to head the committee. OSEA's state committees for 1970-71 are: E XEC U TIVE COMMITTEE Chalmers Jones, Portland, Chairman; Jerry Liebertz, Por tland; Richard Young, Klamath Falls; Adele Egan and James Dyer, Salem; and Theodore Thompson, Seaside. FINANCE COMMITTEE Adele Egan, Salem, Chairman; Jerry Liebertz and Beth Brandes, Portland; Richard Young, Klamath Falls; Dennis Thompson, Salem; and Theodore Thompson, Seaside. FREE BROCHURES available, list ing all Motel addresses and phone numbers. Write: Motel 6, P.O. Box 3550, Santa Barbara, Calif. 93105- (b) The death benefit not be limited to surviving spouse, minor children or dependent parent. ACADEM ICAND UNCLASSIFIED COMMITTEE Dr. Paul Weswig, Corvallis, Chairm an; Jesse G ilm ore, Beaverton; Dale King, Klamath Falls; Neil McDowell, Ashland; and James Weems, La Grande. Advisory members: Donald Bills, Corvallis; Ernie Cummins, Monmouth; and Richard Grant, Eugene. EM PLOYE REPRESENTATION COMMITTEE Kenneth Stueve, Corvallis, Chairm an; Frank Armstrong, Milwaukie; Cecil Barnes and James Kinns, Salem; and Norman Boyles, Eugene. Advisory members: Dale Robinson, Ray Ruff and Doris Mayhew, Portland; Wayne Reed, Salem; Earl Warzynski, The Dalles; and Carl Winfrey, Canyonville. INSTITUTIONS COMMITTEE Delbert Chaney, Pendleton, Chairm an; Law rence Sullivan, Salem; Betty Wolff, The Dalles; and Ward Strauser, Aurora. Advisory members: Myrtle Jarvis, Salem; Earl Warzynski, The Dalles; and Donald Kelley, Pendleton. INSURANCE COMMITTEE Jack Danley, Corvallis, Chair man; Floyd Baxter, Gene Watson, Ronald Hartwig, and Pat Panissidi, all Salem. LAW-LEGISLATION COM M ITTEE Pat Gregory, Roseburg, Chair man; Don Martin, Portland; Russell Carlisle, T ig a rd ; and W illiam McCaleb, Roseburg. Advisory member: Pat Panissidi, Salem. M EM BER SHIP COMMITTEE David Backman, Salem, Chair man; Don Martin, Portland; Ralph Jackson, Salem; David Henry, Coquille; Harry Marshall, Klamath Falls; Bob Andrews, La Grande; Fern Borde', CorvalliS; Earl Wär- zynski, The Dalles; Ray Karpen, A storia; Cecil Barnes, Salem; James Cunningham, Coos Bay; Joyce M a rtin ; Isadore M aney, Portland; and Jess Bryan, Salem. PUBLIC RELATIONS COMMITTEE James Dyer, Salem, Chairman; William Pratt, Monmouth; Marian Lahr, Ashland; Jackie Setti, Por- tland; and Walter Schmidt, Salem. Advisory member: Ralston Smith, Corvallis. R E T IR E M E N T COMMITTEE A rthur Krichevsky, Portland, Chairman; M ary Foster and Philip Oakley, Salem; Dr. Paul Bernier, C orvallis; and Howard W alp, Portland. Advisory members: Kenneth Thomas, Salem; and Donna McKenzie. Special $9.00 rate for state employees w ith an OSEA membership card! 2 0 0 Commercial Street SE Salem, Oregon Telephone: 3 6 3 -4 1 2 3
