Effect of split, consolidation or merger of two or more cities on unfunded PERS liability or surplus
If a city splits into two or more cities, or two or more cities consolidate or merge, the cities affected by the split, consolidation or merger, including cities created by the split, consolidation or merger, must enter into a written agreement that addresses any unfunded Public Employees Retirement System liabilities or surpluses and deliver a copy of the agreement to the Public Employees Retirement Board as required by ORS 238.231 (Unfunded liability or surplus after employee transfer or employer merger, consolidation or split). [2003 c.802 §164; 2005 c.808 §23]
Note: 222.045 (Effect of split, consolidation or merger of two or more cities on unfunded PERS liability or surplus) was added to and made a part of ORS chapter 222 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information