(1) A district may establish an employees’ retirement system pursuant to ORS 478.355 to 478.370. The board may enter into agreements necessary to establish the system and carry out the plan and may agree to modifications of such agreements from time to time.
(2) The retirement plan may provide for retirement benefits measured on the basis of services rendered or to be rendered by an employee, either before or after the date on which such employee first becomes a member of the retirement plan. The retirement plan may provide for a minimum of years of service and a minimum and maximum age of retirement for the employee. [1963 c.366 §§3, 4; 1969 c.667 §25]
Section: Previous 478.305 478.308 478.310 478.315 478.325 478.335 478.340 478.355 478.360 478.365 478.370 478.390 478.410 478.420 478.430 NextLast modified: August 7, 2008