Or. Admin. Code § 105-020-0015 - Employee Contributions and Limitations to Retirement

(1) The Department of Administrative Services shall deduct an employee's PERS contribution directly from the employee's wages, unless in conflict with rule, law or collective bargaining agreement.

(2) The contribution shall not be considered salary for tax purposes.

(3) The employee's reported salary on the W-2 form shall be reduced by the amount of the employee's PERS contribution.

(4) A PERS participating member's employee contribution ceases when the participating member's salary reaches the salary limitation set forth in IRC § 401(a)(17) and ORS 238.005.

Notes

Or. Admin. Code § 105-020-0015

PD 3-1994(Temp), f. 12-23-94, cert. ef. 1-1-95; PD 1-1995, f. 3-31-95, cert. ef. 4-1-95; CHRO 2-2016, f. 6-22-16, cert. ef. 7/1/2016; CHRO 1-2019, temporary amend filed 01/18/2019, effective 02/01/2019 through 07/13/2019; CHRO 2-2019, amend filed 07/11/2019, effective 7/11/2019; CHRO 1-2020, temporary amend filed 09/24/2020, effective 09/24/2020 through 03/22/2021; CHRO 2-2020, amend filed 11/30/2020, effective 12/1/2020

Publications: Publications referenced are available from the agency.

Statutory/Other Authority: ORS 184.340, 238.005, 240.145(3), 240.250, 26 USC § 414(h), IRC § 1.401(a)(17) & OAR 459-005-0525

Statutes/Other Implemented: 26 USC § 414(h), ORS 238.200, 238.205 & EO 94-23 & 26