Oregon Administrative Rules
Chapter 459 - OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM
Division 7 - EARNINGS AND INTEREST DISTRIBUTION
Section 459-007-0003 - Determination of Tier One Year-to-Date Calculation
Universal Citation: OR Admin Rules 459-007-0003
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Any year-to-date calculation ("factor") used to credit earnings to Tier One member regular accounts shall be a pro-rate of the assumed interest rate and cannot be greater unless and until the conditions in ORS 238.255 have been met.
(2) The provisions of this rule shall be applied retroactively to July 1, 2003.
Stat. Auth.: ORS 238.650
Stats. Implemented: ORS 238
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