(2) If a retired member of the pension program is reemployed under the provisions of this section, any option chosen by the member under ORS 238A.190 is canceled, and upon retiring thereafter the member may elect any option provided for in ORS 238A.180 and 238A.190. The board shall recalculate the pension of the member upon subsequent retirement. [2003 c.733 §26; 2011 c.722 §4; 2013 s.s. c.3 §12]
Note: Sections 36, 37 and 38, chapter 355, Oregon Laws 2019, provide:
Sec. 36. Section 37 of this 2019 Act is added to and made a part of ORS chapter 238A. [2019 c.355 §36]
Sec. 37. Employment of retired member without limitation on hours during calendar year 2020, 2021, 2022, 2023 or 2024. (1) Notwithstanding ORS 237.650 and any provision of this chapter [ORS chapter 238A] and subject to the limitations in this section, during calendar year 2020, 2021, 2022, 2023 or 2024, a participating public employer may employ any retired member without limitation on the hours worked by the retired member if the administrative head of the public employer is satisfied that the employment is in the public interest. The Public Employees Retirement Board shall continue making pension payments to a retired member of the pension program who is reemployed under this section.
(2) A public employer that employs a retired member during calendar year 2020, 2021, 2022, 2023 or 2024 shall contribute to the board the percentage of the member’s wages that would have been contributed to the board under ORS 238A.220 if the member were an active member of the Public Employees Retirement System. Employer contributions made under this section are in addition to employer contributions made under ORS 238A.220. The board shall apply contributions made by a public employer under this subsection against the liabilities of the public employer. The board shall adopt rules governing payments made under this subsection.
(3) This section does not apply to any member who retires under the provisions of ORS 238A.185, unless the person is absent from employment with all participating public employers for at least six months before the date the person is employed under this section.
(4) Employment under this section does not affect the status of a person as a retired member of the pension program and a recipient of retirement benefits under this chapter. [2019 c.355 §37; 2021 c.135 §3]
Sec. 38. Sections 35 and 37 of this 2019 Act are repealed on January 2, 2025. [2019 c.355 §38]
Structure 2021 Oregon Revised Statutes
Volume : 06 - Local Government, Public Employees, Elections
Chapter 238A - Oregon Public Service Retirement Plan
Section 238A.005 - Definitions.
Section 238A.025 - Oregon Public Service Retirement Plan established.
Section 238A.030 - Information technology system.
Section 238A.050 - Oregon Public Service Retirement Plan part of Public Employees Retirement System.
Section 238A.070 - Participation generally.
Section 238A.100 - Establishing membership under pension program.
Section 238A.110 - Termination of membership.
Section 238A.117 - Vesting of member killed in course and scope of employment.
Section 238A.120 - Withdrawal from pension program by vested inactive member.
Section 238A.125 - Amount of pension; rules.
Section 238A.130 - Final average salary; rules.
Section 238A.140 - Accrual of retirement credit.
Section 238A.142 - Accrual by academic employees of community college.
Section 238A.145 - Loss of retirement credit.
Section 238A.150 - Retirement credit for service in uniformed services; rules.
Section 238A.155 - Retirement credit for periods of disability.
Section 238A.160 - Normal retirement age; normal retirement date.
Section 238A.165 - Earliest retirement age; earliest retirement date.
Section 238A.170 - Latest retirement date; required minimum distributions; rules.
Section 238A.190 - Survivorship benefits.
Section 238A.200 - Actuarial equivalency factor tables.
Section 238A.210 - Cost-of-living adjustment.
Section 238A.220 - Employer contributions.
Section 238A.230 - Death benefit; rules.
Section 238A.235 - Disability benefit.
Section 238A.240 - Funding of disability benefit.
Section 238A.245 - Reemployment after commencement of pension benefits.
Section 238A.250 - Option of legislators to receive certain benefits.
Section 238A.300 - Establishing membership under individual account program.
Section 238A.305 - Persons establishing membership in system before August 29, 2003.
Section 238A.310 - Termination of membership.
Section 238A.330 - Employee contributions.
Section 238A.335 - Employer payment of employee contribution.
Section 238A.340 - Employer contributions.
Section 238A.350 - Individual accounts established.
Section 238A.353 - Employee pension stability accounts established.
Section 238A.360 - Rollover contributions; rules.
Section 238A.375 - Distribution of accounts to inactive member.
Section 238A.400 - Payment of accounts at retirement; rules.
Section 238A.410 - Death benefits; rules.
Section 238A.415 - Credit for service in uniformed services; rules.
Section 238A.420 - Investment options under individual account program; rules.
Section 238A.430 - Direct rollovers; rules.
Section 238A.435 - Distribution of death benefit as rollover distribution.
Section 238A.450 - Rules for Oregon Public Service Retirement Plan.
Section 238A.460 - Limitation on powers of board, director and staff.