2015 ORS 264.820¹
District to budget for retirement system

The district may budget and provide for payment into the fund of the retirement plan an amount sufficient:

(1) To provide on an actuarial reserve basis the amortized level premium cost of the retirement benefits which, under the provision of the retirement system, are to be provided by the district to its employees who attain the retirement age or retire in accordance with the terms of the retirement plan.

(2) To meet the actuarially computed costs of retirement benefits measured on the basis of services rendered or to be rendered by an employee before or after the date on which such employee becomes a member of the retirement plan. [1965 c.348 §3]

Chapter 264

Law Review Cita­tions

51 OLR 53 (1971)


1 Legislative Counsel Committee, CHAPTER 264—Domestic Water Supply Districts, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors264.­html (2015) (last ac­cessed Jul. 16, 2016).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2015, Chapter 264, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano264.­html (2015) (last ac­cessed Jul. 16, 2016).
 
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.