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10.02.02: Employee billing statement requirement

10.02.02: Employee billing statement requirement

Before your employees can complete a tax-deferred payment (TDP) agreement, they must have a current billing statement from ORS. Employees can learn more about purchases and how to obtain a current billing statement from the member website.

The TDP agreement is included with the billing statement that is mailed to employees. Billings are valid until the due date that is printed on the statement. Employees who do not have a valid billing statement are not eligible to participate in the program.

Only one transaction or purchase is allowed for each billing statement. Once a billing statement's invoice number has been used to purchase service through the TDP program, a plan-to-plan transfer, or a post-tax payment, that invoice number cannot be used for additional purchases. The employee must contact ORS to request an updated billing statement that shows the remaining service the employee is eligible to purchase and the cost of this service.

Last updated: 09/29/2017