(1) There is created the Oregon Educators Benefit Account, separate and distinct from the General Fund. Moneys in the account are continuously appropriated to the Oregon Educators Benefit Board to cover the board’s expenses incurred in connection with the administration of ORS § 243.860 to 243.886.

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(2) Subject to ORS § 243.882, an amount not to exceed two percent of the monthly employer and employee contributions for benefit plans available under ORS § 243.860 to 243.886 shall be deposited in the account. [2007 c.7 § 11]

See note under 243.860.