Oregon Administrative Rules
Chapter 459 - OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM
Division 80 - OPSRP INDIVIDUAL ACCOUNT PROGRAM
Section 459-080-0010 - Membership

Universal Citation: OR Admin Rules 459-080-0010

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

(1) An employee who is eligible for membership in the pension program under OAR 459-075-0010 becomes a member of the individual account program on the same date the employee becomes a member of the pension program.

(2) An employee who was an active or inactive member of PERS on August 28, 2003, and retains membership in PERS through January 1, 2004, becomes a member of the individual account program on January 1, 2004.

(3) An employee who performed a period of service before August 29, 2003, that was credited to the six-month period required under ORS 238.015 for membership in PERS becomes a member of the individual account program on the date the employee becomes a member of PERS, or January 1, 2004, whichever is later.

(4) An employee may become a member of the individual account program as provided in ORS 238A.300(2)

Stat. Auth.: ORS 238A.450

Stats. Implemented: ORS 238A.300, 238A.305 & OL 2011 Ch. 722

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