Oregon Administrative Rules
Chapter 459 - OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM
Division 7 - EARNINGS AND INTEREST DISTRIBUTION
Section 459-007-0350 - Crediting Earnings to the Employee Pension Stability Account at Retirement
Universal Citation: OR Admin Rules 459-007-0350
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Upon retirement, earnings from the effective date of the last annual rate to the effective retirement date shall be credited to the Employee Pension Stability Account in the manner specified in this rule.
(2) Earnings shall be credited to the member's Employee Pension Stability Account as follows:
(a) If earnings for the prior calendar year
have not yet been credited, earnings for that year shall be credited based on
the Employee Pension Stability Account latest year-to-date calculation for that
year.
(b) Earnings for the calendar
year of the effective retirement date shall be credited based on the Employee
Pension Stability Account latest year-to-date calculation for that
year.
Statutory/Other Authority: ORS 238.650 & 238A.450
Statutes/Other Implemented: ORS 238A.353
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.
