Or. Admin. R. 459-013-0320 - Payment of Increased Benefits to an Alternate Payee
(1) The provisions of this rule apply to an
alternate payee who receives retirement benefit payments derived from an
"alternate payee account" or a separate benefit option as provided under OAR
459-045-0010(2) or (3)(b).
(2) If
an alternate payee is eligible to receive increased benefits under ORS
238.465(5), the
percentage of the increased benefit payable to the member, as determined under
ORS 238.364,
238.366,
238.368, and
238.372 to
238.384, is the increased
benefit percentage for which the alternate payee is eligible. If the member
predeceases the alternate payee, the increased benefit percentage payable to
the member at the time of death remains the increased benefit percentage for
which the alternate payee is eligible.
(3) If the alternate payee is eligible for
the increased benefit under section (2), payment of the increased benefit to
the alternate payee under ORS
238.372 to
238.384 is determined by the
residency of the alternate payee.
Notes
Stat. Auth.: ORS 238.650
Stats. Implemented: ORS 238.362, 238.364, 238.366, 238.465& 238.372 - 238.384
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