Oregon Code § 243.411·Enacted ·Last updated March 01, 2026
Statute Text
Deferred Compensation Fund.
(1) The Deferred Compensation Fund is created, separate and distinct from the
General Fund, for the purpose of holding and investing assets of the state
deferred compensation plan and the assets of the deferred compensation plans of
participating local governments. Interest and any other earnings of the
Deferred Compensation Fund shall be credited to the fund. Moneys in the fund
may be used only for the purposes of implementing and administering ORS 243.401
to 243.507.
(2) Subject to
rules adopted by the Public Employees Retirement Board under ORS 243.470, the
assets of the Deferred Compensation Fund may be commingled with the assets of
the Public Employees Retirement Fund for investment purposes in a group trust
or by other means.
(3) The
limitations imposed on the use of the Deferred Compensation Fund by subsection
(1) of this section do not affect any law of this state that authorizes the
manner in which moneys in the fund may be invested. [1997 c.179 §3]