Oregon Administrative Rules
Chapter 170 - OREGON STATE TREASURY
Division 80 - OREGON RETIREMENT SAVINGS PROGRAM
Section 170-080-0040 - Distributions and Distribution Requests
Universal Citation: OR Admin Rules 170-080-0040
Current through Register Vol. 63, No. 9, September 1, 2024
(1) A Participating Employee, Participating Individual, or Beneficiary may request a Distribution of all or a portion of funds from a Program Roth or Traditional IRA at any time by submitting a completed distribution request to the Program Administrator, in a form or format established by the Program and permitted by the IRS.
(2) A Program IRA Distribution shall be subject to any applicable state and federal income tax obligations and may be subject to penalties under the Code.
Statutory/Other Authority: ORS 178.215(7)
Statutes/Other Implemented: ORS 178.200-178.245
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