1. (1) The Unfunded Actuarial Liability Resolution Program offers employers a PERS resource checklist and the use of the Employer Rate Projection Tool to assess the potential impact on employer contribution rates with varying employer lump sum payments and amortization periods.
2. (2) An employer will meet the requirement for participation in the Unfunded Actuarial Liability Resolution Program when it submits an attestation confirming its use of the Employer Rate Projection Tool along with the resource checklist provided by PERS to form its own funding plan.

Statutory/Other Authority

ORS 238.650 & ORS 238A.450

Statutes/Other Implemented

ORS 238.225 - 238.229

History

PERS 10-2019, adopt filed 12/06/2019, effective 12/06/2019
PERS 6-2019, temporary adopt filed 08/16/2019, effective 08/16/2019 through 02/11/2020