ORS 243.445: Employee choice of plans; choice not binding; change in value of employee assets not to affect net worth of state.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(1) When an eligible state employee agrees to participate in the state deferred compensation plan under ORS 243.401 to 243.507, the employee may indicate a preference with respect to the mode of investment or deposit to be used by the state in investing or depositing the deferred income under the plan. The preference indicated by the employee is not binding on the state. (2) Any change in the net value of the assets of an eligible state employee invested under the state deferred compensation plan shall result in a commensurate change in the total amount distributable to the employee or the beneficiary of the employee, and shall not result in any increase or decrease in the net worth of the state. [1977 c.721 §11; 1983 c.789 §4; 1991 c.618 §5; 1997 c.179 §10]
Administrative rules citing this section
- OAR 459-050-0000: Purpose and Authority — implements
- OAR 459-050-0001: Definitions — implements
- OAR 459-050-0005: Policy and Goals of Deferred Compensation Program — implements
- OAR 459-050-0030: Deferred Compensation Manager — implements
- OAR 459-050-0035: Assistance to the Oregon Investment Council and the State Treasurer — implements
- OAR 459-050-0037: Trading Restrictions — implements
- OAR 459-050-0050: Eligibility and Enrollment — implements
- OAR 459-050-0060: OSGP Designation of Beneficiary — implements
- OAR 459-050-0065: Beneficiary Predeceases or Disclaims Benefit — implements
- OAR 459-050-0070: Catch-Up Programs — implements
- OAR 459-050-0072: Military Leave Catch-up — implements
- OAR 459-050-0075: Distributions During Employment — implements
- OAR 459-050-0080: Distribution of Funds After a Severance of Employment — implements
- OAR 459-050-0090: Direct Rollover and Trustee-to-Trustee Transfer — implements
- OAR 459-050-0120: Self-Directed Brokerage Option — implements
- OAR 459-050-0150: Unforeseeable Emergency Withdrawal — implements
- OAR 459-050-0200: Court Orders — implements
- OAR 459-050-0210: Segregation of a Participant Account — implements
- OAR 459-050-0220: Distribution of an Alternate Payee Account — implements
- OAR 459-050-0230: Release of Information — implements
- OAR 459-050-0240: Deferred Compensation Program Notifications — implements
- OAR 459-050-0250: Fee for Administration of a Court Order — implements
- OAR 459-050-0300: Required Minimum Distribution Requirements — implements
- OAR 459-050-0310: Power of Attorney — implements
This rule cites
- ORS 243.401 — resolved
- 243.507 — resolved
Cited by
No inbound citations found.
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors243.html