9 chapters · 695 sections in this title.
ORS 237.350 Definitions for ORS 237.350 to 237.380
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As used in ORS 237.350 to 237.380 unless the context requires otherwise: (1) “City” means any city with a population of 100,000 or more in which a retirement system may be established under the charter. (2) “Actuarial reserve basis” means the accumulation of a reserve, in equal a…
ORS 237.355 Establishment of retirement system
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A city in which any pension system may be established by charter, may establish a retirement system pursuant to ORS 237.350 to 237.380. The council of the city may enact such ordinances as are necessary to put the system into effect and may supplement or change the ordinances fro…
ORS 237.360 Features of retirement plan
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The retirement plan may provide for retirement benefits measured on the basis of services rendered or to be rendered by an officer or employee, either before or after the date on which such officer or employee first becomes a member of the retirement plan. The retirement plan may…
ORS 237.365 Contribution to fund by city
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The city may budget and provide by ordinance for payment into the fund of the retirement system an amount sufficient: (1) To provide, on an actuarial reserve basis, the amortized level premium cost of the retirement benefits which, under the provision of the retirement system, ar…