Or. Admin. Code § 101-001-0015

Current through Register Vol. 63, No. 12, December 1, 2024

Section 101-001-0015 - Disbursement of PEBB Fund Monies

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) To reimburse insurers for monies due under the applicable contract (For example, when benefit plan expenses exceed premium revenues);

(2) To minimize premium increases resulting from random experience flux, inflationary variations or any other cause;

(3) To minimize impact on contributions to premiums due to benefit plan design changes;

(4) To pay for expenses critical to administration of PEBB programs (For example, data processing, benefit plan communications, etc.); and

(5) To pay for services, programs, or studies that will reduce benefit plan costs.

Or. Admin. Code § 101-001-0015

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

Stat. Auth.: ORS 243.061 - 243.302

Stats. Implemented: ORS 243.135