Oregon Statutes 238.692 – Definitions for ORS 238.692 to 238.698
As used in ORS § 238.692 to 238.698:
Terms Used In Oregon Statutes 238.692
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- public body: means state government bodies, local government bodies and special government bodies. See Oregon Statutes 174.109
- state government: means the executive department, the judicial department and the legislative department. See Oregon Statutes 174.111
(1) ‘Pension liability’ means:
(a) Monetary obligations of a participating public employer for which the employer is or will be required to transmit amounts to the Public Employees Retirement Board under the provisions of ORS § 238.225, including any obligations arising out of an integration contract under ORS § 238.680, or any other liability of a public body that is attributable to an obligation to pay pensions or other retirement benefits to officers or employees of the public body, whether active or retired; and
(b) Monetary obligations of a public employer arising out of an integration contract under ORS § 238.680 for which the employer is required to transmit amounts to the Public Employees Retirement Board.
(2) ‘Public body’ has the meaning given that term in ORS § 287A.001.
(3) ‘State agency’ means any officer, board, commission, department, division or institution in the administrative branch of state government. [2001 c.945 § 23; 2007 c.783 § 77]