The Public Employees’ Benefit Board Fund was created for the purpose of maintaining insurance program stabilization reserves. PEBB may disburse any or all monies in the fund for any of the following purposes:

1. (1) To reimburse insurers for monies due under the applicable contract (For example, when benefit plan expenses exceed premium revenues);
2. (2) To minimize premium increases resulting from random experience flux, inflationary variations or any other cause;
3. (3) To minimize impact on contributions to premiums due to benefit plan design changes;
4. (4) To pay for expenses critical to administration of PEBB programs (For example, data processing, benefit plan communications, etc.); and
5. (5) To pay for services, programs, or studies that will reduce benefit plan costs.

Statutory/Other Authority

ORS 243.061 - 243.302

Statutes/Other Implemented

ORS 243.135

History

PEBB 1-2004, f. & cert. ef. 7-2-04
PEBB 1-1999, f. 12-8-99, cert. ef. 1-1-00