Or. Rev. Stat. § 238A.340

Employer contributions

Oregon · Oregon Revised Statutes Chapter 238A — Oregon Public Service Retirement Plan · Status: effective

Cite this

Citation: Or. Rev. Stat. § 238A.340, Employer contributions, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2480348
Permanent ID: ys:prov:2480348@1
SHA-256: d6594d922226ca592664cbb44f5c0c3e948d6ac6effee50266bf0c7d61d9d5b2

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(1) A participating public employer may agree, by a written employment policy or agreement, to make employer contributions for members of the individual account program employed by the employer. The percentage of salary paid as employer contributions may not be less than one percent of salary or more than six percent of salary, and must be a whole number. A participating public employer may make an agreement under this section for specific groups of employees employed by the public employer. (2) If a participating public employer makes employer contributions under this section and the member for which the contributions are made fails to vest in the employer account under the provisions of ORS 238A.320, the Public Employees Retirement Board shall apply the contributions in the employer account against other obligations of the employer under the Oregon Public Service Retirement Plan. (3) The board may charge a participating public employer accrued earnings for late payment of employer contributions made under this section. [2003 c.733 §36; 2021 c.137 §3] (Individual Accounts)