Public Employees Retirement System

ORS 238.618
Exclusion of employer or employee from system to maintain tax qualification


Notwithstanding any other provision of law, the Public Employees Retirement Board may deny or terminate participation by an employer in the Public Employees Retirement System, and may deny or terminate membership in the system for any employee, if the board determines that allowing participation by the employer or membership for the employee would cause the system or the Public Employees Retirement Fund to lose qualification as a qualified governmental retirement plan and trust under the Internal Revenue Code and under regulations adopted pursuant to the Internal Revenue Code. [1999 c.317 §3]
Chapter 238

Law Review Citations

96 OLR 249 (2017)


Source

Last accessed
Jun. 26, 2021