Public Employees Retirement System

ORS 238.692
Definitions for ORS 238.692 to 238.698


As used in ORS 238.692 (Definitions for ORS 238.692 to 238.698) to 238.698 (Funds diversion agreement):

(1)

“Pension liability” means:

(a)

Monetary obligations of a participating public employer for which the employer is or will be required to transmit amounts to the Public Employees Retirement Board under the provisions of ORS 238.225 (Employer contributions), including any obligations arising out of an integration contract under ORS 238.680 (Integration of other retirement systems), or any other liability of a public body that is attributable to an obligation to pay pensions or other retirement benefits to officers or employees of the public body, whether active or retired; and

(b)

Monetary obligations of a public employer arising out of an integration contract under ORS 238.680 (Integration of other retirement systems) for which the employer is required to transmit amounts to the Public Employees Retirement Board.

(2)

“Public body” has the meaning given that term in ORS 287A.001 (Definitions for ORS chapter 287A).

(3)

“State agency” means any officer, board, commission, department, division or institution in the administrative branch of state government. [2001 c.945 §23; 2007 c.783 §77]
Chapter 238

Law Review Citations

96 OLR 249 (2017)


Source

Last accessed
Jun. 26, 2021