Other LanguagesApplicability of public employees' retirement system (PERS) to employees of private transportation company acquired by Metro Transit; entitlement of such employees to service credit for periods of employment with private company; funding of such service credit by employer; impact of labor contract between Metro Transit and bargaining representative of employees on the foregoing.
Unless accompanied by correlative new benefits and/or a demonstrable showing of necessity for the purpose of maintaining the integrity of the applicable pension system, a legislative act amending the statutes governing the computation of retirement allowances for members of the teachers' retirement system and the public employees' retirement system so as to (1) exclude from consideration any pay increases received by current active members of these two retirement systems after the effective date of such amendments or (2) reduce the levels of retirement allowances ultimately to be received by such members in all cases where the amounts payable to those members from the federal social security program are correspondingly increased, would be unconstitutional.