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Oregon Repeal of Governors' Retirement Fund, Measure 7 (1972)

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The Oregon Repeal of Governors' Retirement Fund Act, also known as Measure 7, was on the November 7, 1972 ballot in Oregon as an initiated state statute, where it was approved. The measure repealed the retirement fund for the office of Governor.[1]

Election results

Oregon Measure 7 (1972)
ResultVotesPercentage
Approveda Yes 571,959 66.16%
No292,56133.84%

Election results via: Oregon Blue Book

Text of measure

The language appeared on the ballot as:[1]

7. REPEALS GOVERNORS' RETIREMENT ACT - Purpose: Measure would repeal 1971 legislative act establishing retirement fund for the office of governor. Any person who served as governor for two years upon retirement from public employment, Oregon or federal, is entitled to pension equal to 45 percent of his salary. However, benefits are reduced by amounts received from other public retirement programs. Retirement fund is financed by legislative appropriations, donations, and contributions from governor’s salary in the amount of 7 percent.

ESTIMATE OF FINANCIAL EFFECTS: One ex-governor is eligible for Governor's retirement benefits. During the 1972-'73 fiscal year, retirement benefit payments would total $7,875. During the same period the current Governor would pay $2,065 into the fund. If this measure passes, annual savings are estimated at $5,810 for each of the next two fiscal years.

YES □

NO □ [2]

Support

Supporters

  • Initiative to Repeal Governors Retirement Act[1]

See also

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External links

References

  1. 1.0 1.1 1.2 Oregon State Library, "State of Oregon Official Voters' Pamphlet," accessed December 2, 2013
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.