ORS 558.355¹
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. [1969 c.698 §57]

Atty. Gen. Opinions

Authority for voluntary pension trust program for public employes not in educa­tion, (1971) Vol 35, p 998

1 Legislative Counsel Committee, CHAPTER 558—Weather Modification, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors558.­html (2019) (last ac­cessed May 16, 2020).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2019, Chapter 558, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano558.­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