Oregon Administrative Rules
Chapter 628 - OREGON FOREST RESOURCES INSTITUTE
Division 10 - ADMINISTRATION
Section 628-010-0210 - IRS Retirement "Pick Up"
Universal Citation: OR Admin Rules 628-010-0210
Current through Register Vol. 63, No. 3, March 1, 2024
(1) OFRI shall designate any employee contribution to PERS from the employees' salaries as the employer's contribution, thus "picking up" its employees' PERS contributions for purposes of Internal Revenue Code 26 USC §414 (h)(2).
(2) The contribution shall be deducted directly from the employee's wages so that the employee does not have the option of receiving his or her contributions as salary and of making the contribution himself or herself.
(3) OFRI employees' reported salary on the W-2 form for tax purposes shall be reduced by the amount of PERS contribution.
Stat. Auth.: ORS 526.645
Stats. Implemented: ORS 526.645
Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
