Or. Admin. Code § 459-075-0020 - Termination of OPSRP Pension Program Membership
(1) As of July 1, 2020, withdrawal from the
OPSRP Pension Program is no longer available.
(2) A member who withdraws from the
Individual Account Program (IAP) under ORS
238A.375 terminates membership in the OPSRP Pension Program as of the effective date of
IAP withdrawal.
(3) A member who
withdraws from the IAP forfeits any service performed by the member before the
date of the separation and may not use that service for any purpose including,
but not limited to, establishing membership under ORS
238A.100,
vesting under ORS
238A.115, and the accrual
of retirement credit under ORS
238A.140,
238A.150,
or
238A.155.
(4) In the event the member's IAP withdrawal
is canceled under OAR 459-080-0020(7) and the member's membership is restored,
the member's OPSRP Pension Program membership will also be restored.
Notes
Statutory/Other Authority: ORS 238A.450
Statutes/Other Implemented: ORS 238A.120 & OL 2007 Ch. 52
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