Or. Admin. Code § 170-080-0040 - Distributions and Distribution Requests
(1) A Participating Employee, Participating
Individual, or Beneficiary may request a Distribution of all or a portion of
funds from a Program Roth or Traditional IRA at any time by submitting a
completed distribution request to the Program Administrator, in a form or
format established by the Program and permitted by the IRS.
(2) A Program IRA Distribution shall be
subject to any applicable state and federal income tax obligations and may be
subject to penalties under the Code.
Notes
Statutory/Other Authority: ORS 178.215(7)
Statutes/Other Implemented: ORS 178.200-178.245
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