Rural Fire Protection Districts

ORS 478.360
Fund to provide retirement benefits


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. [1963 c.366 §6]
§§ 478.325 to 478.370

Atty. Gen. Opinions

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

Chapter 478

Atty. Gen. Opinions

Propriety of office holding of a land owning nonresident elected director of a rural fire protection district, (1975) Vol 37, p 873

Law Review Citations

51 OLR 53 (1971)


Source

Last accessed
Jun. 26, 2021