Oregon Administrative Rules
Chapter 459 - OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM
Division 7 - EARNINGS AND INTEREST DISTRIBUTION
Section 459-007-0240 - Crediting Earnings to the Tier Two Employer Death Benefit
Universal Citation: OR Admin Rules 459-007-0240
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Upon the death of a Tier Two member who is entitled to an employer death benefit under ORS 238.395, the amount of the employer benefit shall be added to the death benefit amount, as defined in OAR 459-007-0230(1), as of the first of the month of the member's death.
(2) Earnings shall thereafter be credited to the employer death benefit amount in accordance with OAR 459-007-0230(5) to (8).
(3) If a beneficiary elects to receive a monthly benefit, earnings are credited in accordance with OAR 459-007-0230(10).
Stat. Auth.: ORS 238.650
Stats. Implemented: ORS 238.390, 238.395, 238.430 & 238.435
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