Relating to benefit plans for education district employees; and declaring an emergency.
Catchline/Summary:
Allows certain education districts to provide employee benefit plan other than plan provided by Oregon Educators Benefit Board if premiums of plan are same as or less than premiums of board's plan and plan is comparable to board's plan.Allows district, other than community college district, to offer district's benefit plan if district's plan is less costly to district than benefit plan offered by Oregon Educators Benefit Board.]
Requires analysis by independent actuary.]
Allows certain education districts to provide employee benefit plan other than plan provided by Oregon Educators Benefit Board if premiums of plan are same as or less than premiums of board's plan and plan is comparable to board's plan.
Requires board to perform actuarial analysis.
Declares emergency, effective on passage.
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SB 901
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