(2) If a participating public employer makes employer contributions under this section and the member for which the contributions are made fails to vest in the employer account under the provisions of ORS 238A.320, the Public Employees Retirement Board shall apply the contributions in the employer account against other obligations of the employer under the Oregon Public Service Retirement Plan.
(3) The board may charge a participating public employer accrued earnings for late payment of employer contributions made under this section. [2003 c.733 §36; 2021 c.137 §3]