The Deferred Compensation Fund shall be held by the State Treasurer, who shall be
custodian of the fund. Another person may be appointed as custodian of the fund if the State Treasurer and
the Public Employees Retirement Board agree to the appointment. On request from the Director of the Public Employees Retirement System or the director's
designee, the Oregon Department of Administrative Services shall draw warrants and
issue payments on the Deferred Compensation Fund for the payment of benefits, the
payment of expenses incurred by the system in the administration of ORS 243.401 to 243.507, and the payment of refunds or other amounts that by reason of excessive contributions
or other error are owed to state plan participants or local plan participants or the
beneficiaries of those participants.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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