Source: https://www.oregonlaws.org/ors/238.660
Timestamp: 2019-06-25 12:09:37
Document Index: 62003108

Matched Legal Cases: ['§1', '§8', '§6', '§3', '§2', '§29', '§60', '§2']

ORS 238.660 - Fund generally - 2017 Oregon Revised Statutes
2017 ORS Vol. 6 Chapter 238 Section 238.660
2017 ORS 238.660¹
(3) The State of Oregon and other public employers that make contributions to the fund have no proprietary interest in the fund or in the contributions made to the fund by them. The state and other public employers disclaim any right to reclaim those contributions and waive any right of reclamation they may have in the fund. This subsection does not prohibit alteration or refund of employer contributions if the alteration or refund is authorized under this chapter or ORS chapter 238A and is due to erroneous payment or decreased liability for employer contributions under the system. This subsection does not prohibit the offset of contributions to the individual account program under ORS 238.229 (Effect of lump sum payment on contributions of pooled employer) (5).
(10) The board shall appoint a committee to advise the board on legislative proposals for changes in the benefits provided under this chapter and ORS chapter 238A. The committee must have an equal number of members representing labor and management. No costs of reviewing legislative proposals and making recommendations under this subsection may be charged to the fund. Any member of the committee who is an active member of the system shall be released by the participating public employer who employs the member for the purpose of conducting the official business of the committee, and the wages or salary of the member may not be reduced by the employer during periods that the member is released from duty for the purpose of conducting the official business of the committee. [Formerly 237.271; 1997 c.121 §1; 1999 c.317 §8; 1999 c.407 §6; 2001 c.945 §3; 2003 c.17 §2; 2003 c.625 §29; 2003 c.733 §60; 2009 c.889 §2]
Provision does not create individual fiduciary rela­tionships between PERB and every PERS member or impose tort liability for inaccurate account estimates. Bell v. PERB, 239 Or App 239, 247 P3d 319 (2010), Sup Ct review denied