Oregon § 238.480 Effect of change to calendar year on contributions and credit of members

Oregon Statutes

§ 238.480 — Effect of change to calendar year on contributions and credit of members

Oregon § 238.480

Vol.6

Title 22Public Officers and Employees

Ch. 238Public Employees Retirement System

This text of Oregon § 238.480 (Effect of change to calendar year on contributions and credit of members) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 238.480 (2026).

Text

All contributions made and all service credit earned under the Public Employes’ Retirement Act of 1953 prior to January 1, 1956, on the basis of a fiscal year shall not be affected by the change from fiscal year basis to calendar year basis on January 1, 1956, under the 1955 amendments of the Public Employes’ Retirement Act of 1953, and such contributions and credit are recognized as if no such change had been made.

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All contributions made and all service credit earned under the Public Employes’ Retirement Act of 1953 prior to January 1, 1956, on the basis of a fiscal year shall not be affected by the change from fiscal year basis to calendar year basis on January 1, 1956, under the 1955 amendments of the Public Employes’ Retirement Act of 1953, and such contributions and credit are recognized as if no such change had been made.