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OregonSB 8492025 Regular SessionSenate

Relating to the School Districts Unfunded Liability Fund; and declaring an emergency.

Sponsored By: Sponsor information unavailable

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Lower pension costs for Oregon school districts

The law creates the School Districts Unfunded Liability Fund to lower participating Oregon school districts’ pension costs. By June 30, 2025, money held on February 28, 2025, must offset districts’ individual 2025–2027 contribution rates in equal amounts. Later deposits must offset those rates in equal amounts for the two-year period following the deposit. The fund is separate from the General Fund, keeps its interest earnings, and invests in the Oregon Short Term Fund. Its money is continuously available to the Public Employees Retirement Board for a pooled account in the retirement fund. The board must set rules for proportional distribution, spreading the offsets over time, and account management. By February 1 of each odd-numbered year, it must report estimated distributions for the next two-year period to state budget officials. The law took effect upon passage and specifies no total funding amount or reduction per district.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 95 • No: 4

House vote • 4/23/2025

Third reading. Carried by Scharf. Passed.

Yes: 57 • No: 0

House vote • 4/21/2025

Labor and Workplace Standards: Heard and Reported Out

Yes: 7 • No: 0

Senate vote • 3/11/2025

Third reading. Carried by Taylor. Passed.

Yes: 26 • No: 4

Senate vote • 3/4/2025

Labor and Business: Heard and Reported Out with Amendments

Yes: 5 • No: 0

Actions Timeline

  1. Effective date, May 5, 2025.

    5/14/2025Senate

  2. Chapter 18, 2025 Laws.

    5/14/2025Senate

  3. Governor signed.

    5/5/2025Senate

  4. Speaker signed.

    4/25/2025House

  5. President signed.

    4/24/2025Senate

  6. Third reading. Carried by Scharf. Passed.

    4/23/2025House

  7. Second reading.

    4/22/2025House

  8. Recommendation: Do pass.

    4/22/2025House

  9. Work Session held.

    4/21/2025House

  10. Public Hearing held.

    4/16/2025House

  11. Referred to Labor and Workplace Standards.

    3/14/2025House

  12. First reading. Referred to Speaker's desk.

    3/13/2025House

  13. Third reading. Carried by Taylor. Passed.

    3/11/2025Senate

  14. Second reading.

    3/10/2025Senate

  15. Recommendation: Do pass with amendments and be referred to Ways and Means (Printed A-Eng.) Referral denied by order of the President.

    3/7/2025Senate

  16. Work Session held.

    3/4/2025Senate

  17. Public Hearing held.

    1/23/2025Senate

  18. Referred to Labor and Business.

    1/17/2025Senate

  19. Introduction and first reading. Referred to President's desk.

    1/13/2025Senate

Bill Text

  • SLB Amendment -1 (Adopted)

    3/4/2025

    PDF

  • A-Engrossed

    PDF

  • Enrolled

    PDF

  • Introduced

    PDF

  • Senate Amendments to Introduced

    PDF

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