Oregon Statutes - Chapter 450 - Sanitary Districts and Authorities; Water Authorities - Section 450.971 - Employee contribution.

The authority may collect, as a contribution from any employee, that percentage of the salary received by the employee which is necessary to fund on an actuarial reserve basis the cost of retirement benefits which the employee is required to provide pursuant to the provisions of the retirement plan. [1973 c.399 §12]

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Last modified: August 7, 2008