Or. Admin. Code § 459-045-0090 - PERS Administrative Fee
(1) An
administrative fee is assessed by PERS for obtaining data and making
calculations to administer court-ordered alternate payee awards under ORS
238.465 in the name of an
alternate payee.
(2) Pursuant to
the provisions of ORS
238.465(9), the
board may not charge more than $1,331 for calendar year 2025 for the total
administrative expenses and related costs incurred in administering
court-ordered alternate payee awards. This fee is allocated between the member
and the alternate payee based on the fraction of the benefit received by the
member or the alternate payee.
(3)
The fee to be assessed by the board shall be determined by the estimated
administrative cost of implementing the court order based on a percentage of
the fee threshold (rounded to the nearest dollar), as set forth below:
(a) Low Administrative Cost Tier: Set at 50%
of the maximum allowable administrative fee and is $666 for calendar year
2025.
(b) Moderate Administrative
Cost Tier: Set at 75% of the maximum allowable administrative fee and is $998
for calendar year 2025.
(c) High
Administrative Cost Tier: Set at 100% of the maximum allowable administrative
fee and is $1,331 for calendar year 2025.
(4) On January 1 of each year, the board
shall update the administrative cost fees tiers as the dollar limit threshold
provided by ORS 238.465(9) is
updated.
Notes
Statutory/Other Authority: ORS 238.465, 238.650 & 238A.450
Statutes/Other Implemented: ORS 238.465
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(1) An administrative fee is assessed by PERS for obtaining data and making calculations to administer court-ordered alternate payee awards under ORS 238.465 in the name of an alternate payee .
(2) Pursuant to the provisions of ORS 238.465(9), the board may not charge more than $1,300 for calendar year 2024 for the total administrative expenses and related costs incurred in administering court-ordered alternate payee awards. This fee is allocated between the member and the alternate payee based on the fraction of the benefit received by the member or the alternate payee .
(3) The fee to be assessed by the board shall be determined by the estimated administrative cost of implementing the court order based on a percentage of the fee threshold (rounded to the nearest dollar), as set forth below:
(a) Low Administrative Cost Tier: Set at 50% of the maximum allowable administrative fee and is $650 for calendar year 2024.
(b) Moderate Administrative Cost Tier: Set at 75% of the maximum allowable administrative fee and is $975 for calendar year 2024.
(c) High Administrative Cost Tier: Set at 100% of the maximum allowable administrative fee and is $1,300 for calendar year 2024.
(4) On January 1 of each year , the board shall update the administrative cost fees tiers as the dollar limit threshold provided by ORS 238.465(9) is updated.
Notes
Statutory/Other Authority: ORS 238.465, 238.650 & 238A.450
Statutes/Other Implemented: ORS 238.465