Oregon Administrative Rules
Chapter 459 - OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM
Division 13 - RETIREMENT BENEFITS
Section 459-013-0260 - Effective Date Used in the Establishment of Service Retirement Benefits
Universal Citation: OR Admin Rules 459-013-0260
Current through Register Vol. 63, No. 9, September 1, 2024
(1) A member's service retirement allowance under ORS 238.300 and 238.305 will be established as of the member's effective date of retirement.
(2) A member's effective date of retirement is the later of:
(a) The first day of the
calendar month specified by the member, who is eligible for retirement under
the provisions of ORS
238.280 or
238.005, on their service
retirement application; or
(b) The
first of the calendar month following the date an application is received by
the Public Employees Retirement System (PERS); or
(c) The first of the calendar month following
the date of separation from all employers participating in PERS and in the same
controlled group.
(3) For the purpose of this rule, "controlled group" is a group of employers required to be treated as a single employer for the purpose of satisfying the requirements for qualified retirement plans under federal law.
(4) The effective date of this rule is January 1, 2010.
Stat. Auth.: ORS 238.650
Stats. Implemented: ORS 238.300 & 238.305
Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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