Board Action on Petition and Review of Order
(1)The actuary will issue a written report that concludes whether a public employer’s plan meets the standards for receiving an exemption under OAR 459-030-0025 (Standards for Review of Police Officers and Firefighters Retirement Plans). After receipt of the written actuarial review report and recommendations of staff, the Board will issue an order granting or denying the petition for exemption. No order denying a petition for exemption will be issued until at least 90 days after the actuary had delivered its report to the Board. During that period, the public employer may amend its plan to comply retroactive to the valuation date or file a written request for an extension. Upon filing of that request, the Board will not enter an order denying a petition for exemption for an additional 60 days after receiving the request. If a public employer submits an amended plan before the Board adopts an order denying the exemption, the actuary will submit a supplemental report on whether the amended plan meets the required standards under 459-030-0025 (Standards for Review of Police Officers and Firefighters Retirement Plans). The Board may adopt an order at any time after receiving the supplemental report.
(2)Within 60 days of the effective date of any order issued under this rule, the public employer, the affected public employees, or their labor representative may file a petition for rehearing or reconsideration pursuant to OAR 459-001-0010 (Filing Papers) and 459-001-0040 (Petitions for Reconsideration).
Rule 459-030-0030 — Board Action on Petition and Review of Order,