Or. Admin. R. 111-065-0001 - Definitions
For the purpose of this rule:
(1) "Direct Debit " for purposes of this OAR
refers to a payment through an Automated Clearing House (ACH) credit or ACH
debit that initiates the movement of funds electronically from the early
retiree's individual banking account within the United States to the OEBB
Treasury account.
(2) "OEBB
Administered Early Retiree " means an individual who meets the definition of
Eligible Early Retiree in OAR 111-010-0015 and whose benefits are administered
by OEBB.
(3) "Overpayment " means
the amount of the Early Retiree's monthly payment to OEBB that exceeded the
amount due.
(4) "Payment in full "
means payment received by OEBB which is equal to the current monthly amount due
for all benefit premiums which the early retiree is currently enrolled
in.
(5) "Underpayment " means a
payment submitted on or before the due date by the Early Retiree that is less
than the invoiced amount.
Notes
Statutory/Other Authority: 243.860 - 243.886
Statutes/Other Implemented: ORS 243.864(1)(a)
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