Oregon Code § 238.232·Enacted ·Last updated March 01, 2026
Statute Text
Choice
of amortization period for certain lump sum payments to side accounts.
If a participating public employer
makes a lump sum payment from moneys not borrowed by the employer to an account
established under ORS 238.229 in an amount equal to or greater than $10
million, the Public Employees Retirement Board shall allow the participating
public employer to choose an amortization period of six years, 10 years, 16
years or 20 years for the use of the lump sum payment to offset contributions
to the system that the public employer would otherwise be required to make for the
liabilities against which the lump sum payment is applied. [2018 c.105 §3b;
2019 c.355 §§20,21]
Plain English Explanation
This Oregon statute addresses Choice
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 238.232
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Choice
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