2021 Oregon Revised Statutes
Chapter 238 - Public Employees Retirement System
Section 238.535 - Service retirement allowance.


(a) Upon retiring from service as a judge at the age of 65 years or thereafter, a judge member who has made contributions to the Public Employees Retirement Fund during each of five calendar years shall receive as a service retirement allowance, payable monthly, a life pension (nonrefund) provided by the contributions of the judge member and the state in an annual amount equal to 2.8125 percent of final average annual salary multiplied by the number of years of service as a judge not exceeding 16 years of service as a judge and 1.67 percent of final average salary multiplied by the number of years of service as a judge exceeding 16 years of service as a judge, but the annual amount shall not exceed 65 percent of final average salary.
(b) Upon retiring from service as a judge at the age of 60 years or thereafter, a judge member who has made contributions to the Public Employees Retirement Fund during each of five calendar years shall receive as a service retirement allowance, payable monthly, a life pension (nonrefund) provided by the contributions of the judge member and the state in an annual amount equal to 3.75 percent of final average salary multiplied by the number of years of service as a judge not exceeding 16 years of service as a judge and two percent of final average salary multiplied by the number of years of service as a judge exceeding 16 years of service as a judge, but the annual amount shall not exceed 75 percent of final average salary.
(c) Any judge member electing to retire under paragraph (b) of this subsection shall serve as a pro tem judge, without compensation, for 35 days per year for a period of five years. A judge who serves more than 35 days per year may carry over the additional days to fulfill the pro tem service obligation in future years. The five-year period shall commence on the judge member’s date of retirement or the date on which the judge member commences pro tem service under ORS 238.545 (4), whichever is earlier. Judge members may be reimbursed for expenses incurred in providing pro tem services under this paragraph. Upon certification from the Chief Justice that any judge member who retired under paragraph (b) of this subsection has failed to perform the pro tem services required under this paragraph, and has not been relieved of the obligations to perform those services in the manner provided by this paragraph, the Public Employees Retirement Board shall recalculate the service retirement allowance of the noncomplying judge member as though the judge member elected to retire under paragraph (a) of this subsection, and the noncomplying judge member shall receive only that recalculated amount thereafter. A judge may be relieved of the pro tem service obligation imposed by this paragraph if the judge fails for good cause to complete the obligation. A retired judge member who is relieved of the obligation to serve as a pro tem judge shall continue to receive the retirement allowance provided in paragraph (b) of this subsection.
(d) For the purpose of paragraph (c) of this subsection:
(A) "Good cause" includes, but is not limited to:
(i) Physical or mental incapacitation of a judge that prevents the judge from discharging the duties of judicial office;
(ii) Failure of the appointing authority to assign a judge to the requisite amount of pro tem service, whether because of insufficient need for pro tem judges, a determination by the appointing authority that the skills of a judge do not match the needs of the courts, clerical mistake, or otherwise; or
(iii) Death of a judge.
(B) "Good cause" does not include:
(i) A judge’s refusal, without good cause, to accept pro tem assignments sufficient to meet the required amount; or
(ii) A judge’s affirmative voluntary act that makes the judge unqualified to serve as a judge of this state including, but not limited to, failure to maintain active membership in the Oregon State Bar, acceptance of a position in another branch of state government, or acceptance of a position in the Government of the United States or of another state or nation.
(e) The Chief Justice may make rules for the implementation of this subsection.
(2) As used in subsection (1) of this section, "final average salary" means whichever of the following is greater:
(a) The average salary per calendar year paid to a judge member in three of the calendar years of service as a judge before the judge member retires, in which three years the judge member was paid the highest salary.
(b) One-third of the total salary paid to a judge member in the last 36 calendar months of service as a judge before the judge member retires.
(3) As used in subsection (1) of this section, "number of years of service" means the number of full years plus any remaining fraction of a year. In determining a remaining fraction, a full month shall be considered as one-twelfth of a year and a major fraction of a month shall be considered as a full month.
(4) For a judge who elects to become a judge member as provided in ORS 237.215 (3) (1989 Edition), the service retirement allowance under subsection (1) of this section on retirement at the age of 70 years and either 12 years of service or two full six-year terms as a judge shall be at least the equivalent of the retirement pay the judge would have received had the judge retired under ORS 1.314 to 1.390 (1989 Edition).
(5) A judge member who has made contributions to the Public Employees Retirement Fund during each of five calendar years and who attains the age of 60 years shall be retired upon written application by the judge member to the board on a reduced service retirement allowance that shall be the actuarial equivalent of the service retirement allowance provided for in subsection (1)(a) of this section.
(6) For the purposes of this section, a judge who elects to become a judge member as provided in ORS 237.215 (3) (1989 Edition) shall be considered to have made contributions to the Public Employees Retirement Fund during one calendar year for each calendar year during which the judge made contributions to the Judges’ Retirement Fund.
(7)(a) Notwithstanding subsection (1)(a) of this section, the maximum percentage used in calculating the annual amount of the life pension (nonrefund) for a judge who is a judge member on September 27, 1987, or who elected to become a judge member in the manner provided by ORS 237.215 (3)(b) or (4)(b) (1989 Edition), shall be the percentage specified by paragraph (b) of this subsection if either:
(A) On September 27, 1987, the judge had more than 28 years of service that were creditable either under the system; or
(B) On September 27, 1987, the judge had more than 28 years of service that were creditable under the Judges’ Retirement Fund established pursuant to ORS 1.314 to 1.390 (1989 Edition) and the judge became a member of the system under the provisions of ORS 237.215 (3)(b) (1989 Edition).
(b) The maximum percentage used in calculating the annual amount of the life pension (nonrefund) of a judge member who meets the requirements of paragraph (a) of this subsection shall not exceed 45 percent plus 1.67 percent multiplied by the number of years of service as a judge that exceed 16 years and that were served on or before September 27, 1987.
(c) In computing the annual amount of the life pension of a judge who meets the requirements of paragraph (a) of this subsection, the board shall use the percentage specified by paragraph (b) of this subsection and the final average salary of the judge computed on the date of retirement, not the final average salary of the judge computed as of September 27, 1987. In making the computation under this subsection, the board shall use the definition of "final average salary" provided by ORS 238.535 as amended by section 2, chapter 625, Oregon Laws 1987. [Formerly 237.220; 1997 c.801 §19; 1999 c.317 §21; 2005 c.22 §179]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 06 - Local Government, Public Employees, Elections

Chapter 238 - Public Employees Retirement System

Section 238.005 - Definitions.

Section 238.008 - Computation of salary.

Section 238.015 - Membership generally.

Section 238.035 - Membership of part but not all employees of a public employer.

Section 238.055 - Membership of judges previously receiving retirement pay from Judges’ Retirement Fund.

Section 238.068 - Membership of legislators.

Section 238.078 - Reemployment of retired members.

Section 238.082 - Limits on hours worked by retired members.

Section 238.088 - Appointment or election of retired member to public office.

Section 238.092 - Option of legislators to receive certain benefits; employment of persons as legislative employees or state police officers.

Section 238.095 - Termination of membership.

Section 238.105 - Restoration of credit forfeited by reason of termination of membership.

Section 238.115 - Alternate method of restoring credit forfeited by reason of termination of membership.

Section 238.125 - Credit for probationary period of employment.

Section 238.135 - Credit for probationary periods in seasonal positions.

Section 238.145 - Credit for service as police officer or firefighter with nonparticipating employer.

Section 238.148 - Credit for service as public safety officer in another state.

Section 238.156 - Contributions, benefits and retirement credit for periods of service in uniformed services or Armed Forces; rules.

Section 238.157 - Alternative provision for retirement credit for periods of service in uniformed services.

Section 238.160 - Retirement credit for service while on loan to federal government.

Section 238.162 - Retirement credit for service as teacher in public schools of another state.

Section 238.165 - Credit for certain periods of employment by Legislative Assembly.

Section 238.175 - Retirement credit for periods of disability.

Section 238.200 - Employee contributions generally.

Section 238.205 - Payment of employee contribution by employer.

Section 238.215 - Contributions by certain higher education employees.

Section 238.220 - Employee rollover contributions; rules.

Section 238.222 - Trustee-to-trustee transfers to fund restoration of forfeited service or purchase of retirement credit; rules.

Section 238.227 - Pooling of employers for purpose of computing employer contributions.

Section 238.229 - Effect of lump sum payment to side account on contributions of pooled employer; application of excess amounts to offset contributions to individual account program; rules.

Section 238.232 - Choice of amortization period for certain lump sum payments to side accounts.

Section 238.235 - Unfunded liability or surplus after employee transfer or employer merger, consolidation or split.

Section 238.255 - Credits to regular accounts when earnings less than assumed interest rate.

Section 238.260 - Variable Annuity Account; rules.

Section 238.265 - Withdrawal of member account.

Section 238.280 - Eligibility for retirement.

Section 238.285 - Verification of retirement data.

Section 238.300 - Service retirement allowance.

Section 238.305 - Optional service retirement allowance calculations.

Section 238.310 - Minimum service retirement allowance.

Section 238.320 - Disability retirement allowance.

Section 238.325 - Optional disability retirement allowance calculations.

Section 238.330 - Minimum disability retirement allowance.

Section 238.345 - Optional service-connected disability retirement allowance for police officers and firefighters.

Section 238.350 - Use of unused leave to increase retirement allowance; rules.

Section 238.360 - Cost-of-living adjustments.

Section 238.362 - Increased benefits payable in compensation for certain damages attributable to taxation of benefits.

Section 238.364 - Calculation of increased benefit payable under ORS 238.362.

Section 238.366 - Retirement allowance increase based on years of service.

Section 238.368 - Retirement allowance increases for members who retired before January 1, 1991.

Section 238.372 - Increased benefits not payable to nonresidents.

Section 238.374 - Applicant’s statement; resumption of residency.

Section 238.376 - Nonresidency after benefits commenced; required statement; subsequent residency.

Section 238.378 - Information from Department of Revenue.

Section 238.390 - Death benefit.

Section 238.395 - Additional death benefit.

Section 238.405 - Death benefit payable to survivors of certain police officers or firefighters.

Section 238.407 - Distribution of death benefit as rollover distribution.

Section 238.410 - Board may contract for insurance for retirees; rules.

Section 238.415 - Payment toward cost of pre-Medicare insurance; rules.

Section 238.420 - Payment toward cost of Medicare supplemental insurance.

Section 238.430 - Limitation on benefits payable to persons establishing membership on or after January 1, 1996.

Section 238.435 - Provisions applicable to persons establishing membership on or after January 1, 1996.

Section 238.440 - Optional purchase of benefit units by police and firefighters.

Section 238.442 - Prior service credit.

Section 238.445 - Benefits exempt from execution, bankruptcy and certain taxes; exceptions.

Section 238.447 - Execution or assignment of benefits to collect restitution or compensatory fine for felony.

Section 238.450 - Computation of retirement allowance or benefit; notice of dispute.

Section 238.455 - Estimated benefit payments.

Section 238.458 - Unclaimed benefits.

Section 238.460 - Waiver of retirement allowance.

Section 238.462 - Spousal consent required for certain optional forms of retirement allowance.

Section 238.465 - Benefits payable to others under certain judgments; rules.

Section 238.485 - Fund established.

Section 238.488 - Payment of benefits; employer contributions.

Section 238.490 - Administrative expenses.

Section 238.492 - Rules for administration of fund.

Section 238.500 - Definitions for ORS 238.500 to 238.585.

Section 238.505 - Judges as PERS members.

Section 238.515 - Contributions.

Section 238.535 - Service retirement allowance.

Section 238.538 - Health benefit plans for certain retired judge members.

Section 238.545 - Withdrawal of member account; retirement allowance of inactive judge member.

Section 238.555 - Disability retirement allowance.

Section 238.565 - Judge’s beneficiaries; spouse’s pension.

Section 238.575 - Cost-of-living adjustments; ad hoc increase.

Section 238.580 - Application of PERS laws to judges.

Section 238.585 - Use of creditable service by person who serves as both member and judge member; restoration of forfeited rights upon becoming judge member.

Section 238.600 - System established; legislative intent.

Section 238.605 - Actuarial report on system; determination of unfunded actuarial liability.

Section 238.606 - Independent review of actuarial report on system; reports.

Section 238.607 - Actuarial equivalency factor tables.

Section 238.608 - Separate actuarial equivalency factor tables for certain police officers and firefighters.

Section 238.610 - Administrative expenses of system; rules.

Section 238.615 - Revolving fund for payment of administrative expenses.

Section 238.630 - Board generally; rules.

Section 238.640 - Qualifications of board members.

Section 238.646 - Authority of Director of Public Employees Retirement System to require fingerprints.

Section 238.650 - Rules of board; written plan document.

Section 238.657 - Board counsel.

Section 238.660 - Fund generally; board review of legislative proposals.

Section 238.670 - Reserve accounts in fund.

Section 238.675 - Transfer of unclaimed death benefit or account balance to other account or reserve.

Section 238.680 - Integration of other retirement systems.

Section 238.685 - Method of payment of unfunded obligation under integration contract.

Section 238.690 - Integration of retirement plan of mass transit district.

Section 238.692 - Definitions for ORS 238.692 to 238.698.

Section 238.694 - Certain public bodies authorized to issue bonds to finance pension liabilities; revenue bonds.

Section 238.695 - Intergovernmental agreements for collective issuance, administration or payment of bonds.

Section 238.696 - Debt service trust fund.

Section 238.697 - Requirements for issuance of bonds.

Section 238.698 - Funds diversion agreement.

Section 238.705 - State departments to remit contributions and furnish reports.

Section 238.715 - Recovery of overpayments; rules.

Section 238.720 - Rollover contributions; application against payments improperly made to retirees; rules.

Section 238.730 - Unfunded Actuarial Liability Resolution Program.