Oregon Administrative Rules
Chapter 459 - OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM
Division 10 - MEMBERSHIP
Section 459-010-0300 - Involuntary Termination of Membership
Universal Citation: OR Admin Rules 459-010-0300
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Under ORS 238.618, the Board may terminate a member's membership when the member's participation in the system would cause the system or the Public Employees Retirement Fund to lose its tax qualified status.
(2) The Director is delegated the authority provided under ORS 238.618 to terminate a member's membership in the Public Employees Retirement System under the following circumstances:
(a) The member retired and
elected the total lump sum option under ORS
238.305(3);
(b) The member exceeded the return to work
limitations in ORS 238.078(2) and
OAR 459-017-0060(5) in the six month period following the member's effective
retirement date; and
(c) The member
refuses to re-retire in compliance with those return to work
limitations.
Stat. Auth.: ORS 238.650
Stats. Implemented: ORS 238.618
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