HB4045 - Relating to adjustments in classifications under the Public Employees Retirement System.

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The Act makes district attorneys, and some forensic science workers who work for OSP, police officers under PERS. The Act lowers the age at which some police and firefighters can retire. The Act makes a new class of employees in PERS for people who work in hazardous positions. The Act allows those people to retire earlier with higher pensions. The Act makes PERS do studies and reports to the Legislative Assembly. (Flesch Readability Score: 62.9). Provides that district attorneys, and forensic scientists and evidence technicians employed by the Department of State Police, qualify as police officers under the Public Employees Retirement System. Lowers the normal retirement age for police officers and firefighters under the Oregon Public Service Retirement Plan. Establishes a new class of hazardous positions under the Public Employees Retirement System and provides increased retirement benefits to members employed in hazardous positions. Requires the Public Employees Retirement Board to study the likely liability of participating employers for members in hazardous positions and report to appropriate interim committees of the Legislative Assembly no later than September 15, 2028. Requires the board to report to a committee of the Legislative Assembly during each odd-numbered year regular session on progress toward implementing new benefits for members in hazardous positions.