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<title>PERS SB 1049: Work After Retirement reporting clarification</title>
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<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:#1F497D">Sharing this clarification from PERS about retiree contributions.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;color:#1F497D">Shauna Tobiasson | Senior CPERS Analyst | DAS-EGS-CPERS<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:#1F497D"><a href="mailto:Shauna.m.tobiasson@oregon.gov"><span style="color:#0563C1">Shauna.m.tobiasson@oregon.gov</span></a> | Ph: 503-378-6372<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:12.0pt"><span style="font-size:9.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Website:
<a href="http://www.oregon.gov/DAS/Financial/payroll/Pages/index.aspx"><span style="color:#1F497D">http://www.oregon.gov/DAS/Financial/payroll/Pages/index.aspx</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#1F497D;background:white">“To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” ¯ <b>Ralph Waldo Emerson</b></span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> Oregon PERS <OregonPERS@public.govdelivery.com>
<br>
<b>Sent:</b> Friday, January 10, 2020 12:32 PM<br>
<b>To:</b> TOBIASSON Shauna M * DAS <Shauna.M.TOBIASSON@oregon.gov><br>
<b>Subject:</b> PERS SB 1049: Work After Retirement reporting clarification<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><o:p> </o:p></p>
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<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:1.0pt;font-family:"Helvetica",sans-serif;color:white">Read if you hire retired PERS members
<o:p></o:p></span></p>
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<p class="gdp" style="margin:0in;margin-bottom:.0001pt"><strong><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:white">January 2020</span></strong><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:white"><o:p></o:p></span></p>
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<em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">You received this email as a PERS employer reporting or financial contact. Please
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDAxMTAuMTUzMzAwOTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRU1QL1BhZ2VzL0VTQy1SZXByZXNlbnRhdGl2ZXMuYXNweCJ9.BCXoumlB4SymVWkW30-c8IVBWbrU8irOoahhpem0D60/br/73876456256-l" target="_blank">
<span style="color:#40AD4A">contact your PERS account representative</span></a> if assistance is needed. Review your GovDelivery subscriptions
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDAxMTAuMTUzMzAwOTEiLCJ1cmwiOiJodHRwczovL3B1YmxpYy5nb3ZkZWxpdmVyeS5jb20vYWNjb3VudHMvT1JQRVJTL3N1YnNjcmliZXIvZWRpdD9wcmVmZXJlbmNlcz10cnVlI3RhYjEifQ.gTvrqLDkIGKBzUDHj6pvcJr40Tyx4io8yV4f6sBTSGI/br/73876456256-l">
<span style="color:#40AD4A">here</span></a>.</span></em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
<h1 style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;text-align:start">
<span style="font-size:18.0pt;font-family:"Arial",sans-serif;color:black">Senate Bill 1049: Work After Retirement reporting clarification<o:p></o:p></span></h1>
<p class="gdp" style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Effective
<strong><span style="font-family:"Arial",sans-serif">January 1, 2020</span></strong>, the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDAxMTAuMTUzMzAwOTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRU1QL1BhZ2VzL1NCMTA0OS5hc3B4I1dBUiJ9.swzOWyPccVHVuaDkCnRMEdZh7VSBJW4B_bT2uQj315g/br/73876456256-l" target="_blank">
<span style="color:#40AD4A">Work After Retirement section of Senate Bill 1049</span></a> allows most retirees to work unlimited hours for a PERS-participating employer, in calendar years 2020-2024, while continuing to receive their retirement benefits (without
accruing any new benefits). The bill also <strong><span style="font-family:"Arial",sans-serif">requires employers to pay
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<span style="color:#40AD4A">employer contributions</span></a></span></strong> on PERS retirees’ salary as if they were an active member, but
<u>not</u> any IAP (6%) contributions.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">PERS is aware there has been some confusion about the hiring of retirees and how employer contribution rates apply to PERS retirees working after retirement.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Please remember you can always <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDAxMTAuMTUzMzAwOTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRU1QL1BhZ2VzL0VTQy1SZXByZXNlbnRhdGl2ZXMuYXNweCJ9.8QG0DmOxxx_NC_Kh9HRaF2L6xLQxs7lBpGyPKXbqN-M/br/73876456256-l" target="_blank"><span style="color:#40AD4A">contact
your PERS account representative</span></a> and review <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDAxMTAuMTUzMzAwOTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRU1QL1BhZ2VzL1NCMTA0OS5hc3B4In0.UQbHy0WiFVHLOgVvPdSlMIolLq00aArA3k23-0GZ-5k/br/73876456256-l" target="_blank">
<span style="color:#40AD4A">PERS' employer website about SB1049 implementation</span></a> for the latest information, including details on our long-term plans to invoice employers in the future.<o:p></o:p></span></p>
<h2 style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<span style="font-size:15.0pt;font-family:"Arial",sans-serif;color:black">Hiring Retirees<o:p></o:p></span></h2>
<p style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">When hiring a PERS retiree post-retirement, during calendar years 2020-2024, the PERS retiree will maintain the
<strong><span style="font-family:"Arial",sans-serif">pension plan membership</span></strong> (Tier One, Tier Two, or OPSRP) they had <u>at retirement</u>. However, their <strong><span style="font-family:"Arial",sans-serif">job classification</span></strong>
(General Service or Police & Fire) would be based on the job you hire them to do
<u>as a PERS retiree</u>.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<strong><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Example</span></strong><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">: A retired Tier One member who previously worked as a police officer (and retired
under P&F job classification) is hired as a PERS retiree by a city agency as an administrative assistant. The retiree will retain their status as a Tier One member, but their new <strong><span style="font-family:"Arial",sans-serif">job classification</span></strong>
would now be General Service. The employer contribution rate on the retiree's wages would be based on the Tier One/Tier Two rate for a General Service position.<o:p></o:p></span></p>
<h2 style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<span style="font-size:15.0pt;font-family:"Arial",sans-serif;color:black">Clarifications about Employer Contributions<o:p></o:p></span></h2>
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<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Wages for PERS retirees working after retirement are subject to the same
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDAxMTAuMTUzMzAwOTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRU1QL1BhZ2VzL0NvbnRyaWJ1dGlvbi1SYXRlcy5hc3B4In0.H5CtrwcmAUK9TpD9NqPuDMwYSFN2Snt-zE8zNhBllns/br/73876456256-l">
<span style="color:#40AD4A">employer contribution rates</span></a> as if they were active employees. This includes:<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Arial",sans-serif">Tier One/Tier Two, OPSRP, and retiree healthcare Normal Cost rates<o:p></o:p></span></li><li class="MsoNormal" style="color:black;margin-bottom:5.25pt;mso-list:l0 level1 lfo1">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif">Tier One/Tier Two, OPSRP, and retiree healthcare UAL rates<o:p></o:p></span></li><li class="MsoNormal" style="color:black;margin-bottom:5.25pt;mso-list:l0 level1 lfo1">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif">Pre-SLGRP pooled liability rate<o:p></o:p></span></li><li class="MsoNormal" style="color:black;margin-bottom:5.25pt;mso-list:l0 level1 lfo1">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif">Transition liability/surplus rate<o:p></o:p></span></li><li class="MsoNormal" style="color:black;margin-bottom:5.25pt;mso-list:l0 level1 lfo1">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif">Side account rate relief<o:p></o:p></span></li></ul>
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<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">To verify your 2019-2021 contribution rates, view the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDAxMTAuMTUzMzAwOTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRU1QL1BhZ2VzL0NvbnRyaWJ1dGlvbi1SYXRlcy5hc3B4In0.sNlr9hSVc5Yo7wb-_qpZm_Ro7AeWxWkK2aNngT6vUCE/br/73876456256-l">
<span style="color:#40AD4A">Employer Contribution Rates</span></a> webpage. However, please remember that employers <strong><u><span style="font-family:"Arial",sans-serif">will not</span></u></strong> make IAP (6%) payments for PERS retirees.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">If you have any questions about your rates, please contact
<a href="mailto:actuarial.services@pers.state.or.us"><span style="color:#40AD4A">actuarial.services@pers.state.or.us</span></a>.<o:p></o:p></span></p>
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