Or. Rev. Stat. § 238.360
Cost-of-living adjustments
Oregon · Oregon Revised Statutes Chapter 238 — Public Employees Retirement System · Status: effective
Cite this
- Citation
- Or. Rev. Stat. § 238.360, Cost-of-living adjustments, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2479475
- Permanent ID
ys:prov:2479475@1- SHA-256
a387c5b54c40ef2aa14eadd69258dcc0da800b8333baf7814f779afd45c9b153
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) On July 1 of each year, the Public Employees Retirement Board shall increase the yearly allowance that a member or member’s beneficiary receives or is entitled to receive, as provided in subsection (2) of this section. The increase is first payable with the allowance that the member or the member’s beneficiary receives or is entitled to receive on August 1.
(2)(a) If the member’s or member’s beneficiary’s yearly allowance is $60,000 or less, the allowance shall be increased by 1.25 percent.
(b) If the member’s or member’s beneficiary’s yearly allowance is more than $60,000, the allowance shall be increased by $750 plus 0.15 percent of the amount of the yearly allowance exceeding $60,000.
(3) Any increase in the allowance shall be paid from contributions of the public employer under ORS 238.225.
(4) As used in this section, “yearly allowance” means the monthly allowance that a member or member’s beneficiary is entitled to on July 1 of the year in which the board is calculating the increase under subsection (1) of this section, multiplied by 12.