ORS 237.350¹
Definitions for ORS 237.350 to 237.380

As used in ORS 237.350 (Definitions for ORS 237.350 to 237.380) to 237.380 (Revenues from which city may make payments to fund) unless the context requires otherwise:

(1) “City” means any city with a population of 100,000 or more in which a retirement system may be established under the charter.

(2) “Actuarial reserve basis” means the accumulation of a reserve, in equal annual installments from the date on which an officer or employee of the city first became a member of a retirement plan created under ORS 237.355 (Establishment of retirement system) to the retirement date specified in the plan, sufficient in amount to provide the retirement benefits required to be provided to the officer or employee under the plan.

(3) “Retirement plan” or “retirement system” means a plan or system created or established pursuant to ORS 237.350 (Definitions for ORS 237.350 to 237.380) to 237.380 (Revenues from which city may make payments to fund). [Formerly 238.510]

Chapter 237

Atty. Gen. Opinions

Authority for voluntary pension trust program for public employees not in educa­tion, (1971) Vol 35, p 998; applica­tion of 1971 amend­ments to benefits under this chapter to retired teachers, (1972) Vol 35, p 1243; retroactive credit for employees of the Legislative Assembly for benefits of the Public Employes’ Retire­ment System, (1973) Vol 36, p 491; eligibility of Teachers’ Retire­ment Fund members for increased retire­ment benefits under 1973 law, (1973) Vol 36, p 687; implied standards for level of funding which must be maintained to achieve “actuarial soundness,” (1977) Vol 38, p 880

1 Legislative Counsel Committee, CHAPTER 237—Public Employee Retirement Generally, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors237.­html (2019) (last ac­cessed May 16, 2020).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2019, Chapter 237, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano237.­html (2019) (last ac­cessed May 16, 2020).
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