ORS 238.225¹
Employer contributions

A participating public employer shall, at intervals designated by the Public Employees Retirement Board, transmit to the board those amounts the board determines to be actuarially necessary to adequately fund the benefits to be provided by the contributions of the employer under this chapter and the benefits to be provided under the pension program established by ORS 238A.100 (Establishing membership under pension program) to 238A.250 (Option of legislators to receive certain benefits), except for the disability benefit for which funding is provided under ORS 238A.240 (Funding of disability benefit). From time to time, the board shall determine the liabilities of the system and shall set the amount of contributions to be made by participating public employers, and by other public employers who are required to make contributions on behalf of members, to ensure that those liabilities will be funded no more than 40 years after the date on which the determination is made. [Formerly 237.081; 2001 c.945 §13; 2002 s.s.1 c.9 §1; 2002 s.s.3 c.5 §1; 2003 c.625 §8; 2003 c.746 §7; 2003 c.802 §160; 2005 c.808 §10]

Note: Sections 27 and 28, chapter 355, Oregon Laws 2019, provide:

Sec. 27. In the year 2019, the Public Employees Retirement Board shall determine the liabilities of the Public Employees Retirement System attributable to the benefits to be provided to members who established membership in the system before August 29, 2003, and shall set the amount of contributions to be made by participating public employers, and by other public employers that are required to make contributions on behalf of members, to ensure that those liabilities will be funded 22 years after the date on which the determination is made. [2019 c.355 §27]

Sec. 28. Section 27 of this 2019 Act is repealed on January 2, 2020. [2019 c.355 §28]

(formerly 237.081)

Atty. Gen. Opinions

Retire­ment benefit credit for unused sick leave, request by school district, (1973) Vol 36, p 665

Chapter 238

Law Review Cita­tions

96 OLR 249 (2017)

1 Legislative Counsel Committee, CHAPTER 238—Public Employees Retirement System, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors238.­html (2019) (last ac­cessed May 16, 2020).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2019, Chapter 238, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano238.­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