Oregon Administrative Rules
Chapter 839 - BUREAU OF LABOR AND INDUSTRIES
Division 1 - WAGE COLLECTION MATTERS
Section 839-001-0530 - Fund Amount Available for Claim Payment: Prorating Claims When Insufficient Funds are Available
Universal Citation: OR Admin Rules 839-001-0530
Current through Register Vol. 63, No. 9, September 1, 2024
(1) When the amount in the Fund is determined to be insufficient to pay in full all accumulated wage claims determined to be eligible for payment, such wage claims will be prorated.
(2) The computation of prorated amount shall be made according to the following formula:
(a) Amount Available for Payments
divided by Total Amount of Eligible Wage Claims = Z
(b) Eligible Amount of Individual Wage Claim
times Z = Prorated Amount to be Paid to Wage Claimant
(3) Wage claims paid from the Fund on a prorated basis are limited to prorated amount paid, and no employee will be paid any additional amount on the same wage claim from the Fund.
Stat. Auth.: ORS 652.414(6)
Stats. Implemented: ORS 652.414
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