Oregon Statutes 657B.240 – Withdrawal from plan; handling of employee deductions
Current as of: 2023 | Check for updates
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(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.
Terms Used In Oregon Statutes 657B.240
- Employer: means any person that employs one or more employees working anywhere in this state or any agent or employee of such person to whom the duties of the person under this chapter have been delegated. See Oregon Statutes 657B.010
- Wages: has the meaning given that term in ORS § 657. See Oregon Statutes 657B.010
(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]