Or. Admin. R. 459-013-0050 - Combined Service
(1) For
purposes of this rule:
(a) "Combined service"
means periods of active membership in two or more different
classifications.
(b) "Concurrent
service" means active membership for the same period with two or more different
employers in two or more different classifications or actuarial
groups.
(2) A member who
has combined service shall have their service retirement or disability
retirement allowance calculated as provided in ORS Chapter 238 and this rule.
The benefit calculations may include:
(a)
Account balance, and final average salary as of the effective retirement
date;
(b) Creditable service as
provided under OAR 459-010-0014;
(c) Prorated creditable service for periods
of concurrent service;
(d) All
calculation methods applicable to the member under ORS
238.300 or
238.320;
(e) The optional forms of retirement
allowance selected by the member under ORS
238.305 or
238.325;
(f) For early and normal retirement
eligibility, the rules as described in OAR 459-010-0019;
(g) A statutory factor applicable for the
classification of the member during each period of creditable
service;
(h) A single early
retirement factor, if applicable;
(i) The actuarial equivalency factor tables
in effect on the effective retirement date; and
(j) A variable adjustment for members who
participated in the Variable Annuity Program on and after January 1,
1982.
Notes
Stat. Auth.: ORS 238.650
Stats. Implemented: ORS 238.260, 238.280, 238.300, 238.305, 238.320 & 238.325
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