OR HB2728

Requires the Public Employees Retirement System (PERS) to include detailed overtime hour information in retirement benefit computations, showing both total overtime hours during the final average salary period and overtime hours applied to the calculation

Increases the PERS Operations Division expenditure limit by $499,986 for the 2025-2027 biennium to implement the new overtime disclosure requirements

Amendments to ORS 238.450 become operative on January 1, 2026, with the act taking effect on the 91st day after the 2025 legislative session adjourns

Members retain existing rights to dispute computation accuracy within 240 days of receiving the computation or 240 days after benefits first become payable, whichever is later