Oregon Code § 243.460·Enacted ·Last updated March 01, 2026
Statute Text
Effect
of deferred compensation on current taxable income and on retirement programs.
(1) The amount by which an
eligible state employees salary is reduced under ORS 243.440 shall continue to
be included as regular compensation for the purpose of computing the
retirement, pension and Social Security benefits earned by the employee. If the
amount is deferred on a pretax basis, the amount shall not be considered
current taxable income for the purpose of computing federal and state income
taxes withheld on behalf of the employee.
(2) The state
deferred compensation plan established by ORS 243.401 to 243.507 supplements
all other retirement and pension systems established by the State of Oregon,
and participation by an eligible state employee in the state deferred
compensation plan shall not cause a reduction of any retirement or pension
benefits provided to the employee by law. [1977 c.721 §6; 1997 c.179 §12; 2011
c.722 §18]
Plain English Explanation
This Oregon statute addresses Effect
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 243.460
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Effect
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