Oregon Administrative Rules
Chapter 459 - OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM
Division 7 - EARNINGS AND INTEREST DISTRIBUTION
Section 459-007-0320 - Crediting Earnings for IAP Account Lump Sum Payments

Universal Citation: OR Admin Rules 459-007-0320

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

When an IAP member elects to withdraw their account(s) established under ORS 238A.350 according to ORS 238A.375 or retires and elects to receive a lump sum payment of those account(s) under ORS 238A.400(1), earnings will be credited in the manner specified in this rule.

(1) If earnings for the calendar year before the date of distribution have not been credited, earnings for that year will be credited based on the member's target date fund's latest IAP year-to-date calculation available for that year.

(2) Earnings credited for the calendar year of distribution will be credited based on the member's target date fund's latest IAP year-to-date calculation as of the first day of the calendar month of the date of distribution.

Statutory/Other Authority: ORS 238A.450

Statutes/Other Implemented: ORS 238A.350, 238A.375 & 238A.400

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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.