(1) All public employers participating in the Public Employees Retirement System on August 29, 2003:
(a) Shall continue to be participating public employers for the purpose of the Oregon Public Service Retirement Plan;
(b) Shall provide benefits under the pension program established under ORS 238A.100 to 238A.245 for eligible employees who are members of the pension program; and
(c) Shall participate in the individual account program.
(2) Any participating public employer that provided retirement benefits under ORS chapter 238 for some but not all of the employees of the participating public employer on August 28, 2003, need not provide benefits under the Oregon Public Service Retirement Plan for any class of employees who were not members of the system on August 28, 2003.
(3) Any public employer that is not a participating public employer on August 28, 2003, may become a participating public employer under the pension program or the individual account program, or both. A public employer may become a participating public employer under this subsection only for the purposes of service performed by eligible employees of the public employer on or after the date the public employer elects to participate in the program. [2003 c.733 §4]
PENSION PROGRAM
(Membership)
Section: Previous 238A.005 238A.010 238A.025 238A.030 238A.050 238A.070 238A.100 238A.110 238A.115 238A.120 238A.125 238A.130 238A.140 238A.142 238A.145 NextLast modified: August 7, 2008