HB 1039 Summary

• Terminates membership in the Public Employees' Retirement System (PERS) for members convicted of a felony related to or committed in connection with their state employment on or after July 1, 2014, with refund of accumulated contributions without interest.

• Requires member's employer to notify the retirement system of conviction and when all appeals are finally concluded or appeal time has expired before membership termination takes effect.

• Allows members charged with qualifying felonies who retire and receive retirement allowances to continue receiving payments until conviction is final, after which the allowance terminates.

• Provides that if a member's terminated retirement allowance payments are less than their accumulated contributions, the difference shall be refunded within 90 days of final conviction.

• Effective date: July 1, 2014.