Oregon Statutes > Chapter 237 > Payment of Public Pension to Alternate Payee After Marital Dissolution, Annulment or Separation
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| § 237.600 | Payment to alternate payee; provisions of judgment, order or settlement; administrative expenses |
Terms Used In Oregon Statutes > Chapter 237 > Payment of Public Pension to Alternate Payee After Marital Dissolution, Annulment or Separation
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Any other state: includes any state and the District of Columbia. See Oregon Statutes 174.100
- City: includes any incorporated village or town. See Oregon Statutes 174.100
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.