Or. Admin. Code § 459-007-0350 - Crediting Earnings to the Employee Pension Stability Account at Retirement
(1) Upon
retirement, earnings from the effective date of the last annual rate to the
effective retirement date shall be credited to the Employee Pension Stability
Account in the manner specified in this rule.
(2) Earnings shall be credited to the
member's Employee Pension Stability Account as follows:
(a) If earnings for the prior calendar year
have not yet been credited, earnings for that year shall be credited based on
the Employee Pension Stability Account latest year-to-date calculation for that
year.
(b) Earnings for the calendar
year of the effective retirement date shall be credited based on the Employee
Pension Stability Account latest year-to-date calculation for that
year.
Notes
Statutory/Other Authority: ORS 238.650 & 238A.450
Statutes/Other Implemented: ORS 238A.353
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