Oregon Administrative Rules
Chapter 459 - OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM
Division 5 - ADMINISTRATION
Section 459-005-0140 - Permissible Actions Under A Fiduciary Document

Universal Citation: OR Admin Rules 459-005-0140

Current through Register Vol. 63, No. 9, September 1, 2024

(1) After receipt by PERS of a Fiduciary Document meeting the requirements set forth in OAR 459-005-0110, the member's fiduciary and the member (unless the member's fiduciary is a guardian or conservator) may execute any document required by PERS or perform any PERS related business that falls within the scope of the powers granted by the Fiduciary Document.

(2) If the power to appoint a substitute member's fiduciary is provided in the Fiduciary Document and is subsequently exercised by the member's fiduciary, such appointment must be evidenced by a written document submitted to PERS containing:

(a) The member's fiduciary's signature;

(b) An express granting of all, or whatever portion of, the powers held by the member's fiduciary that is being granted to the substitute member's fiduciary; and

(c) The signature and address of the substitute member's fiduciary.

Stat. Auth.: ORS 238.650

Stats. Implemented: ORS 238.005 - 238.715

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