![]() ![]() |
![]() |
|||||
|
|
Amends Constitution: Raises Public Employees' Normal Retirement Age; Reduces Benefits This measure moves the retirement program of state employees more towards the typical retirement plan of most Oregonians. While we would rather see this be done by the Legislature, it seems proper in a time of financial problems at home and in the state to pare the retirement program of our servants back a bit. We recommend a YES vote on this Measure. QUESTION: Shall constitution raise public employees' normal retirement age (except police, firefighters), bar medical benefits for non-disability retirees limit guaranteed benefits? SUMMARY: Amends state constitution. Law now sets normal retirement age, except for police, firefighters, at 58. Measure would raise that to Social Security retirement age (now 65 to 67). Public employers could allow earlier retirement, with benefits reduced to actuarial equivalent of benefits payable at normal retirement age. Governments could not guarantee benefits over 75 percent of final salary. Law now provides medical benefits for PERS retirees. Measure bars medical benefits for non-disability retirees. Measure does not apply to benefits vested or accrued before effective date. This voters' guide produced by Parents Education Association, PAC. |
|||||
|
© 2002 PEAPAC All rights reserved. P.O. Box 847 Canby, OR 97013 ~ Voice: (503) 263-8337 ~ Fax: (503) 263-7438 ~ E-mail: ElderDT@aol.com Website designed by Frogs and Flies Designs. |
||||||