Withdrawal from plan; handling of employee deductions. (1) An employer may elect to withdraw from a plan that was approved under ORS 657B.210 in the manner specified by the Director of the Employment Department by rule provided that the plan has been in effect for at least one year

(2) If an employer elects to withdraw from an approved plan, any deductions made from the wages of an employee that remain in possession of the employer upon the employer’s withdrawal of the plan shall be disposed of as determined by the director. [2019 c.700 §46]