Oregon Statutes > Chapter 238 > Administration > Integration of Other Retirement Systems
Current as of: 2023 | Check for updates
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Other versions
§ 238.680 | Integration of other retirement systems |
§ 238.685 | Method of payment of unfunded obligation under integration contract |
§ 238.690 | Integration of retirement plan of mass transit district |
Terms Used In Oregon Statutes > Chapter 238 > Administration > Integration of Other Retirement Systems
- 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.
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- 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.