Current through Register Vol. 63, No. 9, September 1, 2024
(1) For the purpose of this rule:
(a) A "remittance" means the transfer of
funds from a participating employer to the Public Employees Retirement Fund
(PERF) which includes:
(A) The contributions
of both employer and employee members required in ORS
238.200 to
238.230 used to fund PERS
benefits;
(B) A PERS invoice for
employee and/or employer contributions and associated late penalties;
(C) Any lump sum transfer of funds in
satisfaction of an employer liability; and
(D) Other contributions to the
PERF.
(b) An "employer
payment" means the transfer of funds from an employer to PERS for other than
the PERF which includes, but is not limited to:
(A) Contributions to the Deferred
Compensation Program;
(B)
Administrative fees; or
(C) Other
employer liabilities.
(c) A "member payment" means the transfer of
funds from a member to the PERF for the purchase of service credit in PERS,
restoration of a member's account or the satisfaction of an invoice for over
payment of PERS benefits, other than administrative fees associated with a
purchase or invoice.
(d) A
"remittance advice" means an itemized statement on PERS-approved form(s) that
describes a remittance.
(e) An
"employer payment advice" means an itemized statement approved by PERS that
describes an employer payment.
(f)
A "member-payment advice" means the copy of a PERS-prepared itemized statement
of the member cost(s) for a purchase of service credit, the restoration of a
member's account or an invoice for over payment of PERS benefits.
(g) An "advice document" means the document
referred to in subsections (d), (e) or (f) of this section.
(2) The transmission of a
remittance, an employer payment or a member payment shall be accompanied by a
remittance advice or a payment advice, respectively.
(3) The transmission of a remittance, an
employer payment or a member payment to PERS shall be as follows:
(a) The United State Postal Service
(USPS);
(b) A private express
carrier as defined in ORS
293.660(2);
(c) Other electronic funds transfer methods
approved in advance by PERS.
(4) A remittance or an employer payment shall
be returned to the employer and shall be subject to late penalties, when
applicable, if transmitted, without the corresponding advice
document.
(5) A remittance or an
employer payment shall be returned to the employer and shall be subject to late
penalties, when applicable, if transmitted, with or without the corresponding
advice document, to any PERS office or other address not currently designated
by PERS.
(6) An advice document
that is not accompanied by the transfer of funds, such as a corrected or
supplemental remittance advice, may be transmitted as provided in section (3)
of this rule or by use of:
(a) Telephone
facsimile communication (fax);
(b)
Electronic mail (e-mail) through the Internet; or
(c) By use of the PERS web site on the
Internet.
Stat. Auth.: ORS
238.650
Stats. Implemented: ORS
238.005 -
238.750
