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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