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---
type: "Bill"
title: "Relating to the individual account program of the Oregon Public Service Retirement Plan; and declaring an emergency."
description: "Directs Public Employees Retirement Board to adopt rules providing that, if Oregon Investment Council invests assets of individual account program in multiple risk categories depending on characteristics of individual member, member of individual account program may <i>direct investment of individual accounts in any risk category or with other assets of Public Employees Retirement Fund</i>]<b> elect to have moneys in member's individual accounts deposited into approved investment option</b>."
jurisdiction: "us/states/or"
legislature: "Oregon Legislative Assembly"
session: "2018 Regular Session"
identifier: "HB 4159"
citation: "Oregon HB 4159 (2018 Regular Session)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 4
action_count: 22
vote_count: 4
first_action: "2018-02-08T17:27:05+00:00"
last_action: "2018-04-18T22:54:45+00:00"
source: "openstates"
source_identifier: "ocd-bill/4a4486a2-2ae8-4ad9-be3d-1a1e3fd64227"
source_url: "https://olis.leg.state.or.us/liz/2018R1/Measures/Overview/HB4159"
source_hash: "27c400f5591ad6886df56adc2021dfe2ef856257bd945f309114c30de13a91c3"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-or"]
---
# Oregon HB 4159 (2018 Regular Session) — Relating to the individual account program of the Oregon Public Service Retirement Plan; and declaring an emergency.
Directs Public Employees Retirement Board to adopt rules providing that, if Oregon Investment Council invests assets of individual account program in multiple risk categories depending on characteristics of individual member, member of individual account program may <i>direct investment of individual accounts in any risk category or with other assets of Public Employees Retirement Fund</i>]<b> elect to have moneys in member's individual accounts deposited into approved investment option</b>.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **House Amendments to Introduced** (filed) — [source](https://olis.leg.state.or.us/liz/2018R1/Downloads/MeasureDocument/HB4159/House Amendments to Introduced)
2. **Introduced** (filed) — [source](https://olis.leg.state.or.us/liz/2018R1/Downloads/MeasureDocument/HB4159/Introduced)
3. **A-Engrossed** (committee substitute) — [source](https://olis.leg.state.or.us/liz/2018R1/Downloads/MeasureDocument/HB4159/A-Engrossed)
4. **Enrolled** (enrolled) — [source](https://olis.leg.state.or.us/liz/2018R1/Downloads/MeasureDocument/HB4159/Enrolled)
## Votes
- Rules suspended. Third reading. Carried by Manning Jr. Passed. — **270** (pass) · legislature
- Heard and Reported Out — **460** (pass) · legislature
- Rules suspended. Third reading. Carried by Williamson. Passed. — **590** (pass) · legislature
- Heard and Reported Out with Amendments — **110** (pass) · legislature
## Sponsors
- Betsy Johnson — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2018-02-08T17:27:05+00:00** First reading. Referred to Speaker's desk. `introduction, reading-1, referral-committee`
- **2018-02-08T20:23:00+00:00** Referred to Business and Labor. `referral-committee`
- **2018-02-13T01:31:00+00:00** Public Hearing held.
- **2018-02-14T21:02:00+00:00** Work Session held.
- **2018-02-16T00:01:48+00:00** Recommendation: Do pass with amendments, be printed A-Eng and be referred to Ways and Means. `committee-passage-favorable`
- **2018-02-16T00:01:49+00:00** Referred to Ways and Means by order of Speaker. `referral-committee`
- **2018-02-20T01:00:00+00:00** Assigned to Subcommittee On General Government. `referral-committee`
- **2018-02-26T23:03:00+00:00** Returned to Full Committee.
- **2018-02-26T23:02:00+00:00** Work Session held.
- **2018-03-01T00:02:00+00:00** Work Session held.
- **2018-03-01T16:30:55+00:00** Recommendation: Do pass. `committee-passage-favorable`
- **2018-03-01T18:21:39+00:00** Second reading. `reading-2`
- **2018-03-02T00:36:41+00:00** Rules suspended. Third reading. Carried by Williamson. Passed. `passage, reading-3`
- **2018-03-02T01:09:44+00:00** First reading. Referred to President's desk. `introduction, reading-1, referral-committee`
- **2018-03-02T01:15:54+00:00** Referred to Ways and Means. `referral-committee`
- **2018-03-02T20:20:15+00:00** Recommendation: Do pass the A-Eng. bill. `committee-passage-favorable`
- **2018-03-02T22:13:30+00:00** Second reading. `reading-2`
- **2018-03-02T23:13:16+00:00** Rules suspended. Third reading. Carried by Manning Jr. Passed. `passage, reading-3`
- **2018-03-07T00:24:00+00:00** Speaker signed. `passage`
- **2018-03-08T18:22:19+00:00** President signed. `passage`
- **2018-04-13T22:28:03+00:00** Governor signed. `executive-signature`
- **2018-04-18T22:54:45+00:00** Chapter 118, (2018 Laws): Effective date April 13, 2018.
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4a4486a2-2ae8-4ad9-be3d-1a1e3fd64227`. Confidence: reported (aggregated from official Oregon legislature records).