ORS 352.129
Shared services
- continued participation
(1)
Public universities listed in ORS 352.002 (Public universities) shall, by agreement, establish a system of shared administrative services for the:(a)
Maintenance of federal tax benefits relating to state bonds issued for the benefit of each public university prior to April 30, 2015;(b)
Performance of administrative services relating to the following employee benefits:(A)
Group insurance or deferred compensation plans authorized by ORS 352.237 (Provision of group insurance for employees);(B)
The Public Employees Retirement System or another plan authorized under ORS chapter 238 or 238A;(C)
The Optional Retirement Plan authorized by ORS 243.815 (Optional retirement plan for certain academic and administrative public university employees); and(D)
A public university tax-deferred investment plan that obtains the advantages of 26 U.S.C. 403(b) and is authorized by ORS 243.820 (Agreement for payment of annuity premium or investment in stock of regulated investment company); and(c)
Collective bargaining with any statewide bargaining unit that includes employees of two or more public universities listed in ORS 352.002 (Public universities).(2)
Intentionally left blank —Ed.(a)
A public university listed in ORS 352.002 (Public universities) may opt out of the shared administrative service listed in subsection (1)(a) of this section only if the Oregon Department of Administrative Services has adopted rules under ORS 286A.863 (Rules) relating to standards, terms and conditions for maintaining federal tax benefits that apply to public universities listed in ORS 352.002 (Public universities) that opt out of shared administrative services described in subsection (1)(a) of this section.(b)
Prior to July 1, 2019, a public university listed in ORS 352.002 (Public universities) must provide the same scope and overall value of each employee benefit listed in subsection (1)(b) of this section as is required by the statutes referenced in subsection (1)(b) of this section.(3)
Intentionally left blank —Ed.(a)
Two or more public universities listed in ORS 352.002 (Public universities) may participate in shared services not described in subsection (1) of this section, including but not limited to shared services involving legal services and information technology.(b)
If a public university listed in ORS 352.002 (Public universities), or a community college, negotiates a contract with one or more third party financial firms, as defined in ORS 348.015 (Definitions), to provide disbursement and management services of financial aid funds, or management of financial accounts, to enrolled students, the public university or community college shall undertake reasonable efforts to establish collaboration agreements with other public universities or community colleges to negotiate the services.(4)
As used in this section, “federal tax benefits” has the meaning given that term in ORS 286A.830 (Definitions for ORS 286A.830 to 286A.863). [2013 c.768 §14a; 2015 c.469 §1; 2015 c.633 §3; 2015 c.767 §150; 2015 c.828 §22; 2017 c.440 §13]
Source:
Section 352.129 — Shared services; continued participation, https://www.oregonlegislature.gov/bills_laws/ors/ors352.html.
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