Oregon Administrative Rules
Chapter 459 - OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM
Division 7 - EARNINGS AND INTEREST DISTRIBUTION
Section 459-007-0370 - Crediting Earnings to the Employee Pension Stability Account on Withdrawal
Universal Citation: OR Admin Rules 459-007-0370
Current through Register Vol. 63, No. 9, September 1, 2024
(1) When a member withdraws his or her Employee Pension Stability Account (EPSA) under ORS 238A.375, earnings or losses from the effective date of the last annual rate to the date of distribution shall be credited in the manner specified in this rule.
(2) Earnings or losses on the member's EPSA shall be credited as follows:
(a) If earnings or losses for the calendar
year prior to the date of distribution have not been credited, earnings or
losses for that year shall be credited to the member's EPSA based on the latest
year-to-date calculation for that year.
(b) Earnings or losses credited for the
calendar year of distribution shall be credited to the member's EPSA based on
the latest year-to-date calculation as of the first day of the calendar month
of the date of distribution.
Statutory/Other Authority: ORS 238.650
Statutes/Other Implemented: ORS 238.265 & 238A.353
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