…“three one-hundreths of one percent of the state’s employment tax paid by employers during three months of every odd-numbered year”…   

Key phrase:   "paid by employers".  

They have to pay all their "employment tax" every month or the doors  to their business are  chained shut until they do ( I saw it done in Florence years ago.).   The State of Oregon transfers the "…“three one-hundreths of one percent" from the regular Unemployment account to this BOLI account.

Reading comprehension problem or evidence of anti-business bias?    Who would believe such a thing?