Or. Admin. R. 459-080-0260 - Distribution of IAP Accounts at Retirement
(1) Except as provided in this rule,
distribution under ORS
238A.400 of a member's
Individual Account Program (IAP) accounts at retirement shall begin only at the
time the member retires for service under the PERS Chapter 238 Program or OPSRP
Pension Program.
(2) A member of
the IAP who is retired for disability under the PERS Chapter 238 Program may
begin distribution of the member's IAP accounts upon reaching earliest service
retirement age.
(3) This rule does
not apply to a member who retires for service as a judge member or
legislator.
(4) This rule is
effective January 1, 2011.
Notes
Stat. Auth.: ORS 238A.450
Stats. Impl.: ORS 238A.400
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