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Committee hears testimony on lowering retirement age for police and firefighters to 50 with 25 years' service
Summary
Senate Bill 902 (dash 1) would lower the normal retirement age from 53 to 50 for members of the Oregon Public Service Retirement Plan who retire as police officers or firefighters with at least 25 years of service; the committee heard union and county briefs on recruitment benefits and fiscal impacts.
Senate Bill 902, as amended in the dash 1, would reduce the normal retirement age for a member of the Oregon Public Service Retirement Plan who retires as a police officer or firefighter from 53 to 50 if the member has 25 years or more of retirement credit. The bill applies to members whose date of retirement is on or after the measure’s effective date.
Carl Kennick, president of the Oregon State Firefighters Council, testified in support and said competitiveness with retirement plans in neighboring states has increased turnover in Oregon…
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