Oregon Administrative Rules
Chapter 111 - OREGON HEALTH AUTHORITY, OREGON EDUCATORS BENEFIT BOARD
Division 65 - OEBB ADMINISTRATION OF EARLY RETIREE GROUPS
Section 111-065-0001 - Definitions
Current through Register Vol. 63, No. 9, September 1, 2024
For the purpose of this rule:
(1) "Direct Debit" for purposes of this OAR refers to a payment through an Automated Clearing House (ACH) credit or ACH debit that initiates the movement of funds electronically from the early retiree's individual banking account within the United States to the OEBB Treasury account.
(2) "OEBB Administered Early Retiree" means an individual who meets the definition of Eligible Early Retiree in OAR 111-010-0015 and whose benefits are administered by OEBB.
(3) "Overpayment" means the amount of the Early Retiree's monthly payment to OEBB that exceeded the amount due.
(4) "Payment in full" means payment received by OEBB which is equal to the current monthly amount due for all benefit premiums which the early retiree is currently enrolled in.
(5) "Underpayment" means a payment submitted on or before the due date by the Early Retiree that is less than the invoiced amount.
Statutory/Other Authority: 243.860 - 243.886
Statutes/Other Implemented: ORS 243.864(1)(a)
