Oregon Const. art. IX, § 11

Oregon Constitution

Article IX, § 11 — Retirement plan rate of return contract guarantee prohibited

Oregon Const. art. IX, § 11 (Retirement plan rate of return contract guarantee prohibited) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionOregon DocumentConstitution

ArticleIX

Section§ 11

CitationOregon Const. art. IX, § 11

Bluebook

Or. Const. art. IX, § 11.

Full Text

(1) Neither the state nor any political subdivision of the state shall contract to guarantee any rate of interest or return on the funds in a retirement system or plan established by law, charter or ordinance for the benefit of an employee of the state or a political subdivision of the state.

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History

Created through initiative petition filed May 10, 1993, and adopted by the people Nov. 8, 1994