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March 27, 2000 · Tigard

The PERB meeting record

The supplied 261-page packet contains meeting minutes, staff memoranda, financial tables, correspondence, and other agenda materials. These selected pages support the account of the 1999 earnings allocation.

PERS created the records; the requester supplied this scan to the Atlas on September 9, 2026. The accompanying custodian email and accession identifiers have not been supplied. The full scan remains local because it includes personal contact and benefit information. The later approval of the March minutes has not yet been established.

Read the decision account →
Accessible account of the motions and table

  1. Motion 1

    Tier Two: 21.97%; no contingency allocation

    Moved by
    Dawn Morgan
    Seconded by
    Elizabeth Harchenko

    Passed unanimously. Minutes, page 12

  2. Motion 2

    Tier One: 19.5%; remainder to gain/loss reserve

    Moved by
    Dawn Morgan
    Seconded by
    Steve Bjerke

    Amendment proposed before a vote. Minutes, page 12

  3. Motion 3

    Change Tier One proposal to 20%

    Moved by
    Glenn Harrison
    Seconded by
    Todd Schwartz

    Did not pass because of quorum issues. Minutes, page 13

  4. Motion 4

    Authorize the earlier motion to be amended

    Moved by
    Dawn Morgan
    Seconded by
    Mark Gardiner

    Passed unanimously. Minutes, page 13

  5. Motion 5

    Tier One: 20%; remainder to gain/loss reserve

    Moved by
    Dawn Morgan
    Seconded by
    Steve Bjerke

    Passed unanimously. Minutes, page 13

Who was listed at the meeting?
Present
Emile Holeman, Christine Brown, Todd Schwartz, Dawn Morgan, Jeanne Garst, Elizabeth Harchenko, Glenn Harrison, Steven Bjerke, Mark Gardiner.
Absent
Pat Brown.

The motions use “Steve Bjerke”; the attendance list uses “Steven Bjerke.” Individual votes and a numerical tally are not supplied for the final motion. Attendance page.

The reserve under three choices

Estimated share of each option’s 30-month gain/loss reserve target. The full target is the right edge of each bar.

  • 20%credit · Adopted

    72.4% of target

    $4,744.0 million in reserve / $6,556.1 million target

  • 19.5%credit · Initial March motion

    74.7% of target

    $4,874.8 million in reserve / $6,528.3 million target

  • 14.28%credit · Full gain/loss target

    100.0% of target

    $6,238.0 million in reserve / $6,237.8 million target

The target changes with the allocation. These are reserve estimates, not the pension system’s funded ratio. Figures retain the source’s rounding. Read the original 30-option table, page 19.

Table of values
March 27, 2000 estimates; reserve and target amounts in millions of dollars
OptionCreditReserve ($m)Target ($m)Target funded
1120%4,744.06,556.172.4%
1219.5%4,874.86,528.374.7%
2314.28%6,238.06,237.8100.0%

PDF page 1 · Attendance

Nine board members are listed present; Pat Brown is listed absent. This is an attendance record, not an individual roll call on the allocation.

Open full-size scan of page 1 (opens in a new tab)Original packet page 1: Attendance. Its contents are described immediately above.

PDF page 12 · Earnings distribution and the first motions

The minutes summarize public comments, record the Tier Two motion, and introduce the 19.5% Tier One motion. The lump-sum-payment motion at the top belongs to a separate agenda item.

Open full-size scan of page 12 (opens in a new tab)Original packet page 12: Earnings distribution and the first motions. Its contents are described immediately above.

PDF page 13 · Amendment proceedings and the final 20% motion

Harrison and Schwartz’s amendment did not pass because of unexplained quorum issues. Morgan and Gardiner’s procedural motion passed, followed by Morgan and Bjerke’s final 20% motion. The minutes record unanimous passage of those last two motions.

Open full-size scan of page 13 (opens in a new tab)Original packet page 13: Amendment proceedings and the final 20% motion. Its contents are described immediately above.

PDF page 15 · Orr’s March 27 memorandum

Staff reported 884 comments, four supporting and 880 opposing the preliminary action, and revised available-earnings figures. The title on the document is “1999 Earnings Distribution.”

Open full-size scan of page 15 (opens in a new tab)Original packet page 15: Orr’s March 27 memorandum. Its contents are described immediately above.

PDF page 16 · Suggested motions and the additional income

Orr attributes the increase primarily to $270 million in limited-partnership income. The suggested Tier Two motion specifies 21.97% and zero contingency allocation; the Tier One percentage is blank.

Open full-size scan of page 16 (opens in a new tab)Original packet page 16: Suggested motions and the additional income. Its contents are described immediately above.

PDF page 19 · The final 30-option matrix

Attachment 2 compares allocations and their gain/loss reserve implications. Option 11 is 20%; Option 23 is 14.28%. The 72.4% figure is the share of the reserve target, not the system’s overall funded ratio.

Open full-size scan of page 19 (opens in a new tab)Original packet page 19: The final 30-option matrix. Its contents are described immediately above.

PDF page 124 · Orr’s earlier memorandum, March 17

“Final Earnings Distribution” describes the preliminary allocation and legislative review. It prints “February 24, 1999” despite discussing the 2000 review sequence; the source’s wording has not been silently corrected in the scan.

Open full-size scan of page 124 (opens in a new tab)Original packet page 124: Orr’s earlier memorandum, March 17. Its contents are described immediately above.

What is in the full packet

All 261 pages have local OCR and are assigned to 77 inventory units. The list follows the supplied scan’s order, including interleaved documents. Inventory does not mean every unrelated agenda item has received substantive analysis.

Browse the packet inventory
  1. Pages 1–13March 27 PERB minutes
  2. Page 14March 27 agenda
  3. Pages 15–17Dale Orr, March 27: 1999 Earnings Distribution
  4. Page 18Attachment 1: Calculated Return on Investments
  5. Page 19Attachment 2: final Income Distribution Options; 30 options
  6. Page 20Attachment 3: account distributions, 1979–1998
  7. Page 21Attachment 4: Analysis of Earnings Available for Distribution
  8. Pages 22–24February 9 report to Emergency Board
  9. Page 25Attachment B: historical distributions
  10. Page 26Attachment A: preliminary distribution options; 33 options
  11. Pages 27–28PERS explanation of tentative distribution: printed pages 3–4 only
  12. Pages 29–37February 8 PERB minutes, marked draft
  13. Page 38March 27 visitors sign-in sheet
  14. Page 39Last-minute items cover list
  15. Pages 40–42Last-minute Tier One, Tier Two, and Variable earnings factors
  16. Page 43Investment portfolio summary, January 31
  17. Pages 44–46Earlier Tier Two, Tier One, and Variable earnings-factor tables
  18. Pages 47–48January net assets and changes, unaudited cash basis
  19. Pages 49–55Oregon Investment Council January 26 minutes
  20. Pages 56–57Health insurance and long-term-care report
  21. Pages 58–59Board and committee calendar
  22. Pages 60–66February 24 Insurance Committee draft minutes
  23. Pages 67–70Customer Service: Salem Center and Savings Growth Plan update
  24. Pages 71–74Savings Growth Plan assets and performance
  25. Pages 75–80November 8, 1999 Savings Growth Plan Advisory Committee minutes
  26. Pages 81–86February 14, 2000 Savings Growth Plan Advisory Committee draft minutes
  27. Pages 87–90Savings Growth Plan workshop schedule
  28. Pages 91–94Focus on 457, March 2000
  29. Page 95March 17 memo: House General Government hearing
  30. Pages 96–97March 16 legislative hearing presentation outline
  31. Pages 98–992001 legislative proposals summary and disposition sheet
  32. Pages 100–101March 17 memo: unscheduled employer/member payments
  33. Pages 102–107Draft rules: earnings on unscheduled payments
  34. Page 108March 17 memo: pooling rule
  35. Pages 109–110February 18 Delaney memo to Pooling Ad Hoc Advisory Committee
  36. Pages 111–115Proposed actuarial pooling rule
  37. Pages 116–122March 17 Orr memo: 1999 lump-sum employer payments
  38. Page 123Proposed lump-sum earnings fiscal impact, preliminary figures
  39. Pages 124–127March 17 Orr memo: Final Earnings Distribution; attachment list
  40. Pages 128–130Carl Wilson written submission, delivered March 27
  41. Pages 131–145Savings Growth Plan service review, fourth quarter 1999
  42. Page 146March 17 memo: federal legislation and portability
  43. Pages 147–149National Council on Teacher Retirement pension-portability paper
  44. Pages 150–151March 17 Voytko memo: board working methods
  45. Pages 152–158Disability program report and aggregate statistics
  46. Pages 159–160Double lump-sum proposal and administrative estimate
  47. Pages 161–164Pooling estimate and LP 459-10
  48. Pages 165–166Employer-liability bonding fiscal estimate
  49. Pages 167–168March 3 Hartman letter to Muir about individual-board-member contacts
  50. Pages 169–170Individual legislative proposal submitted by email
  51. Pages 171–172LP 459-15: Age 80 Pop-up
  52. Pages 173–175Actuarial fiscal statement: housekeeping / amortization
  53. Pages 176–177Full-cost purchases administrative estimate
  54. Pages 178–179LP 459-14: Amortization
  55. Pages 180–181LP 459-13: Full Cost Purchases
  56. Pages 182–183Small allowances lump-sum actuarial analysis
  57. Pages 184–187LP 459-12: AS Refund and administrative estimate
  58. Pages 188–190Double lump-sum actuarial analysis
  59. Pages 191–192Double lump-sum administrative estimate
  60. Pages 193–203Draft statutory text: employee-account and matching-employer lump sum
  61. Page 204Beneficiary-change actuarial statement
  62. Pages 205–207Bonding statutory text and LP 459-09
  63. Pages 208–209Quarterly variable elections actuarial statement
  64. Pages 210–212LP 459-08: Beneficiary Change By Divorce Decree and estimate
  65. Pages 213–216LP 459-07: Quarterly Variable Elections and estimate
  66. Pages 217–2242001 legislative concepts transmittal and committee recommendations
  67. Pages 225–227LP 459-01: Housekeeping and estimate
  68. Pages 228–233LP 459-02: Variable Annuity Account Transfer and estimate
  69. Pages 234–236Variable annuity transfers actuarial statement
  70. Pages 237–241LP 459-03: Rollover Funds for Purchase of Service Credit and estimate
  71. Page 242Rollover funds actuarial statement
  72. Pages 243–245LP 459-04: Pre-Tax Purchase of Service Credit
  73. Pages 246–2511999 B-engrossed SB 325 text
  74. Pages 252–253Pre-tax purchases administrative estimate
  75. Pages 254–257LP 459-05: HB 3349 increase and full-cost purchases; estimate
  76. Page 258HB 3349 full-cost purchases actuarial statement
  77. Pages 259–261LP 459-06: Qualified Domestic Relations Order and estimate
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Preservation and review

The original is 22,207,148 bytes. It was preserved without modification. Page images are derivatives of that original; their page numbers refer to the supplied PDF.

SHA-256 efbeb491ffe0a4b64ee8c91853133dc2d317eca276f97d37c6e9e63128f021f6

The original and local OCR remain separate from the selected public images. Visual checks were model-assisted; no independent human review is claimed.