77th OREGON LEGISLATIVE ASSEMBLY--2013 Regular Session NOTE: Matter within { + braces and plus signs + } in an amended section is new. Matter within { - braces and minus signs - } is existing law to be omitted. New sections are within { + braces and plus signs + } . LC 3784 House Bill 3444 Sponsored by Representative CAMERON; Representatives FREEMAN, GILLIAM, HANNA, KRIEGER, RICHARDSON, THATCHER, WEIDNER, Senators FERRIOLI, GEORGE, KNOPP SUMMARY The following summary is not prepared by the sponsors of the measure and is not a part of the body thereof subject to consideration by the Legislative Assembly. It is an editor's brief statement of the essential features of the measure as introduced. Provides that if public body agrees to pay or provide benefit to retired employees other than payments required or provided for in statutes, public body must create separate account for funding of those benefits and make annual contributions to account in amounts necessary to amortize liability for benefits in 25 years or less. Eliminates provision prohibiting local government and health care insurer from creating group solely for purpose of rating or of establishing premium for health care insurance coverage of retired employees and dependents. A BILL FOR AN ACT Relating to public employee retirement; creating new provisions; and amending ORS 243.303. Be It Enacted by the People of the State of Oregon: SECTION 1. { + (1) As used in this section, 'public body' has the meaning given that term in ORS 174.109. (2) If a public body agrees to pay or provide any benefit to a retired employee of the public body other than the payments required or provided for in statutes governing retirement benefits for retired public employees, the public body must create a separate account for the funding of those benefits and make annual contributions to the account in amounts necessary to amortize the liability for those benefits within a period of not more than 25 years. (3) The provisions of this section apply to agreements to pay or provide: (a) Health insurance after retirement of an employee; (b) Contributions to retirement accounts, annuities or other accounts established for the purpose of providing benefits after retirement; (c) Periodic payments to a retired employee; or (d) Any other benefit that is intended to provide retirement benefits in addition to the benefits provided by law. + } SECTION 2. ORS 243.303 is amended to read: 243.303. (1) As used in this section: (a) 'Health care' means medical, surgical, hospital or any other remedial care recognized by state law and related services and supplies and includes comparable benefits for persons who rely on spiritual means of healing. (b) 'Local government' means any city, county, school district or other special district in this state. (c) 'Retired employee' means a former officer or employee of a local government who is retired for service or disability, and who received or is receiving retirement benefits, under the Public Employees Retirement System or any other retirement system or plan applicable to officers and employees of the local government. (2) The governing body of any local government that contracts for or otherwise makes available health care insurance coverage for officers and employees of the local government shall, insofar as and to the extent possible, make that coverage available for any retired employee of the local government who elects within 60 days after the effective date of retirement to participate in that coverage and, at the option of the retired employee, for the spouse of the retired employee and any unmarried children under 18 years of age. The health care insurance coverage shall be made available for a retired employee until the retired employee becomes eligible for federal Medicare coverage, for the spouse of a retired employee until the spouse becomes eligible for federal Medicare coverage and for a child until the child arrives at majority, and may, but need not, be made available thereafter. The governing body may prescribe reasonable terms and conditions of eligibility and coverage, not inconsistent with this section, for making the health care insurance coverage available. The local government may pay none of the cost of making that coverage available or may agree, by collective bargaining agreement or otherwise, to pay part or all of that cost. { - (3) A local government and a health care insurer may not create a group solely for the purpose of rating or of establishing a premium for health care insurance coverage of retired employees and their dependents that is separate from the group for health care insurance coverage of officers and employees of the local government and their dependents. Nothing in this subsection prevents a local government from allocating rates or premiums differently among retired employees and their dependents and officers and employees of the local government and their dependents once the rating or premium is established. - } ----------