Oregon Administrative Rules
Chapter 459 - OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM
Division 75 - OPSRP PENSION PROGRAM
Section 459-075-0175 - Effective Date Used in the Establishment of OPSRP Pension Program Benefits
Universal Citation: OR Admin Rules 459-075-0175
Current through Register Vol. 63, No. 3, March 1, 2024
(1) A member's OPSRP pension program benefits under ORS 238A.125 and 238A.180 will be established as of the member's effective date of retirement.
(2) A member's effective date of retirement is the later of:
(a) The first day of the
calendar month specified by the member, who is eligible for retirement under
the provisions of ORS
238A.160 to
238A.170, on their service
retirement application; or
(b) The
first of the calendar month following the date an application is received by
the Public Employees Retirement System (PERS); or
(c) The first of the calendar month following
the date of separation from all employers participating in PERS and in the same
controlled group.
(3) For the purpose of this rule, "controlled group" is a group of employers required to be treated as a single employer for the purpose of satisfying the requirements for qualified retirement plans under federal law.
(4) The effective date of this rule is January 1, 2010.
Stat. Auth.: ORS 238A.450
Stats. Implemented: ORS 238A.125 & 238A.180
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