Legislators Off of PERS Act

The Public Employee Retirement System (PERS) is the statewide retirement system controlled by the Oregon Legislative Assembly. In addition to being controlled by the Oregon Legislative Assembly, members of the Oregon House of Representatives and the Oregon Senate are also eligible to receive retirement benefits under PERS. This creates an obvious conflict of interest for every state legislator.

The Legislators Off of PERS Act would take state legislators out of the PERS system and therefore eliminate the obvious conflicts of interest. As an alternative, this measure would allow legislators to establish a defined contribution plan similar to 401k and Simple IRA that are used in the private sector.

This measure is currently in the sponsorship phase of the initiative process. This measure is currently being circulated amongst the public gathering 1000 valid signatures in order for the measure to continue in the initiative process.

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