Or. Admin. Code § 459-007-0370 - Crediting Earnings to the Employee Pension Stability Account on Withdrawal
(1) When a
member withdraws his or her Employee Pension Stability Account (EPSA) under ORS
238A.375, earnings or losses
from the effective date of the last annual rate to the date of distribution
shall be credited in the manner specified in this rule.
(2) Earnings or losses on the member's EPSA
shall be credited as follows:
(a) If earnings
or losses for the calendar year prior to the date of distribution have not been
credited, earnings or losses for that year shall be credited to the member's
EPSA based on the latest year-to-date calculation for that year.
(b) Earnings or losses credited for the
calendar year of distribution shall be credited to the member's EPSA based on
the latest year-to-date calculation as of the first day of the calendar month
of the date of distribution.
Notes
Statutory/Other Authority: ORS 238.650
Statutes/Other Implemented: ORS 238.265 & 238A.353
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