Stay For Free

There has been some discussion on the inter webs about the recently introduced SB 111 in the 2021 session of the Oregon Legislature. People have been misinterpreting this bill, who it applies to (and doesn't), and what its purpose is. I'm not going to even try to explain the bill because it doesn't need anyone's attention. The bill, introduced on behalf of PERS itself, is nothing more than a "housecleaning" bill, designed to clarify and more fully enunciate the applicability of the special circumstances passed in 2019 (SB 1049) that allows certain retirees to return to work without hourly limitations between 2020 and 2024. This bill does NOT affect anyone already retired and still working; it is effective after it passes the legislature and ONLY applies to a very tiny subset of workers who take "early retirement" (i.e. before the earliest date they can receive unreduced benefits from PERS - 58 for Tier 1, 60 for Tier 2, 65 for OPSRP, or 30+ years of service regardless of age, plus the P&F different full retirement ages.)

If you are skeptical, then I suggest you follow the various references to the statutes being amended and already in place and tied to the bill, and also to the various Oregon Administrative rules promulgated and approved in the wake of SB 1049. There is NOTHING sinister about this bill. It is primarily to make employERS aware of the circumstances under which the SB 1049 statutes apply, and why.