Oregon Revised Statutes Chapter 238 § 238.600 — System
Oregon Revised Statutes Chapter 238 ·
Oregon Code § 238.600·Enacted ·Last updated March 01, 2026
Statute Text
System
established; legislative intent.
(1) A system of retirement and of benefits at retirement or death for employees
of public employers hereby is established and shall be known as the Public
Employees Retirement System. The Public Employees Retirement System consists of
this chapter and ORS chapter 238A. It is the intent of the Legislative Assembly
that the system be qualified and maintained under sections 401(a), 414(d) and
414(k) of the Internal Revenue Code as a tax-qualified defined benefit
governmental plan.
(2) If the Public
Employees Retirement System is terminated, or if contributions may no longer be
made to the system, each member of the system has a nonforfeitable right to the
benefits that the member has accrued as of the date of the termination, or as
of the date that contributions may no longer be made to the system, to the
extent that those benefits are funded. [Formerly 237.005; 1997 c.121 §2; 1999
c.317 §9; 2003 c.733 §55a; 2005 c.808 §1]
Plain English Explanation
This Oregon statute addresses System
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 238.600
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses System
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