(1) Notwithstanding any other provision of law, the Oregon University System shall provide group insurance to its employees through the Public Employees’ Benefit Board, but may elect, at the discretion of the State Board of Higher Education, to provide alternative benefit plans to its employees, should the same level of benefits be available at a lower cost than through the Public Employees’ Benefit Board.
(2) For the purposes of ORS 243.555 to 243.575, if the State Board of Higher Education chooses not to participate in the benefit plans offered through the Public Employees’ Benefit Board, the State Board of Higher Education may have the authority granted to the Public Employees’ Benefit Board under ORS 243.555 to 243.575 for the administration of an appropriate expense reimbursement plan.
(3) The Oregon University System shall offer a deferred compensation plan for its employees. The Oregon University System shall, at the discretion of the board, choose whether to offer its employees the state deferred compensation plan established under ORS 243.401 to 243.507 or another deferred compensation plan that the board elects to make available to the employees of the Oregon University System. [1995 c.612 §5; 1997 c.179 §29; 1997 c.222 §52]
Note: See note under 351.086.Section: Previous 351.080 351.085 351.086 351.087 351.088 351.090 351.092 351.094 351.095 351.097 351.100 351.105 351.110 351.115 351.117 Next
Last modified: August 7, 2008