Oregon Statutes 243.575 – Computation of retirement and pension benefits; taxable income
(1) The amount by which an eligible employee’s compensation is reduced under ORS § 243.570 shall continue to be included as regular salary for the purpose of computing the retirement and pension benefits earned by the employee, but that amount shall not be considered current taxable income for the purpose of computing Social Security benefits or federal and state income taxes withheld on behalf of the employee.
Terms Used In Oregon Statutes 243.575
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(2) All amounts by which compensation is reduced under ORS § 243.570 shall remain assets of this state until such time as the amounts are disbursed to or on behalf of eligible employees in accordance with the terms of compensation reduction agreements between the employees and the state. [1987 c.621 5,7]
See note under 243.550.
[1987 c.621 § 8; repealed by 1989 c.160 § 4]