Or. Admin. Code § 170-080-0036

Current through Register Vol. 63, No. 11, November 1, 2024

Section 170-080-0036 - Non-Payroll Contributions

(1) Any Participating Employee or Participating Individual may choose to make Non-Payroll Contributions to the Program.

(2) Such contributions must not exceed, in combination with Payroll Deduction Contributions, the annual IRA contribution limit as determined by the Code and related rules promulgated by the IRS, and must be delivered to the OregonSaves IRA trustee in accordance with procedures determined by the Board and approved by the Program Administrator.

(3) The Program Administrator will establish the minimum contribution.

(4) Non-Payroll Contributions may be made electronically or by personal check.

Or. Admin. Code § 170-080-0036

OST 6-2017, adopt filed 10/24/2017, effective10/24/2017; OST 3-2018, amend filed 10/11/2018, effective 10/19/2018

Statutory/Other Authority: ORS 178.200 to 178.245

Statutes/Other Implemented: ORS 178.200 to 178.245