For the purposes of ORS 294.725 to 294.755:
(1) “Account balance” means the amount a political subdivision has paid into the Local Government Employer Benefit Trust Fund less the amount of unemployment benefits paid by the Employment Department on behalf of the political subdivision.
(2) “Account reserve ratio” means the account balance of the political subdivision on June 30, divided by gross wages paid to individuals subject to ORS chapter 657 during the four calendar quarters ending on June 30 by the political subdivision. The ratio shall be expressed as a percent carried to four decimal places.
(3) “Aggregate benefit cost rate” means the total unemployment benefits paid during a cost rate period that is attributable to wages paid by all political subdivisions divided by the gross wages paid to individuals subject to ORS chapter 657 during the cost rate period by all political subdivisions. The rate shall be expressed as a percent and rounded to the nearest one-tenth of one percent.
(4) “Benefit cost rate” means the total unemployment benefits paid during a cost rate period that is attributable to wages paid by a political subdivision divided by gross wages paid to individuals subject to ORS chapter 657 during the cost rate period by the political subdivision. The rate shall be expressed as a percent and carried to four decimal places.
(5) “Cost rate period” means the prior three-year period ending June 30 of each year.
(6) “Department” means the Employment Department.
(7) “Director” means the Director of the Employment Department.
(8) “Erroneous benefit payments” means any amount paid to an individual to which the individual is not entitled due to:
(a) Any error, whether or not due to misrepresentation or nondisclosure of material fact by the claimant; or
(b) An initial decision to pay benefits that is subsequently reversed by a decision finding the individual was not eligible for the benefits and the decision has become final.
(9) “Local Government Employer Benefit Trust Fund” or “fund” means the fund created by ORS 294.730.
(10) “Political subdivision” means a political subdivision as defined by ORS 657.097.
(11) “Unemployment benefits” or “benefits” means regular and extended benefits paid under ORS chapter 657. [1977 c.491 §3; 1989 c.135 §1; 1993 c.344 §9; 2007 c.71 §91]
Section: Previous 294.680 294.685 294.690 294.695 294.700 294.705 294.710 294.725 294.730 294.735 294.740 294.745 294.750 294.755 294.805 NextLast modified: August 7, 2008