Provides that if public body agrees to pay or provide benefit to retired employees other than payments required or provided for in statutes, public body must create separate account for funding of those benefits and make annual contributions to account in amounts necessary to amortize liability for benefits in 25 years or less. Provides that if public body agrees to pay or provide benefit to retired employees other than payments required or provided for in statutes, public body must create separate account for funding of those benefits and make annual contributions to account in amounts necessary to amortize liability for benefits in 25 years or less.
Eliminates provision prohibiting local government and health care insurer from creating group solely for purpose of rating or of establishing premium for health care insurance coverage of retired employees and dependents.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Oregon Legislative Assembly - Public Testimony Registration Form
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HB 3444 House Committee On Business and Labor
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