2021 Oregon Revised Statutes
Volume : 06 - Local Government, Public Employees, Elections
Chapter 238 - Public Employees Retirement System

Section 238.055 - Membership of judges previously receiving retirement pay from Judges’ Retirement Fund. - (a) The amount of retirement pay or pension payable to...

Section 238.068 - Membership of legislators. - (2) Notwithstanding any other provision of this chapter, any person...

Section 238.078 - Reemployment of retired members. - (b) Any person reemployed as provided in this subsection shall...

Section 238.082 - Limits on hours worked by retired members. - (2) Except as provided in this section, the period or...

Section 238.088 - Appointment or election of retired member to public office. - (2) If a person is elected or appointed to the...

Section 238.092 - Option of legislators to receive certain benefits; employment of persons as legislative employees or state police officers. - (a) A retired member of the Public Employees Retirement System...

Section 238.095 - Termination of membership. - (2) Except as provided in subsection (3) of this section,...

Section 238.105 - Restoration of credit forfeited by reason of termination of membership. - (2) Restoration of rights under this section does not affect...

Section 238.115 - Alternate method of restoring credit forfeited by reason of termination of membership. - (A) Applies in writing to the Public Employees Retirement Board...

Section 238.125 - Credit for probationary period of employment. - (1) The total amount of employee contributions to the fund...

Section 238.135 - Credit for probationary periods in seasonal positions. - (a) The total amount of employee contributions to the fund...

Section 238.145 - Credit for service as police officer or firefighter with nonparticipating employer. - (a) The member was employed by a public employer as...

Section 238.148 - Credit for service as public safety officer in another state. - (a) The member was employed as a public safety officer...

Section 238.156 - Contributions, benefits and retirement credit for periods of service in uniformed services or Armed Forces; rules. - (2) The board shall adopt rules establishing contributions, benefits and...

Section 238.157 - Alternative provision for retirement credit for periods of service in uniformed services. - (2) Any person who entered or reentered active service in...

Section 238.160 - Retirement credit for service while on loan to federal government. - (1) Prior to employment with the United States Government, the...

Section 238.162 - Retirement credit for service as teacher in public schools of another state. - (a) The member was employed as a teacher in a...

Section 238.165 - Credit for certain periods of employment by Legislative Assembly. - (2) A person shall not receive retirement credit in the...

Section 238.175 - Retirement credit for periods of disability. - (2) A member of the Public Employees Retirement System who...

Section 238.200 - Employee contributions generally. - (b) Notwithstanding paragraph (a) of this subsection, an employee who...

Section 238.205 - Payment of employee contribution by employer. - (1) The rate of contribution of each active member of...

Section 238.215 - Contributions by certain higher education employees. - (1) An employee, as defined in ORS 243.910 (2), who...

Section 238.220 - Employee rollover contributions; rules. - (2) If the board accepts a rollover contribution under this...

Section 238.222 - Trustee-to-trustee transfers to fund restoration of forfeited service or purchase of retirement credit; rules. - (2) If amounts transferred under this section are not sufficient...

Section 238.227 - Pooling of employers for purpose of computing employer contributions. - (a) The Public Employees Retirement Board shall group together the...

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. - (2) The board shall establish one or more separate accounts...

Section 238.232 - Choice of amortization period for certain lump sum payments to side accounts. - (2)(a) The board shall allow a participating public employer making...

Section 238.235 - Unfunded liability or surplus after employee transfer or employer merger, consolidation or split. - (2) If two or more public employers merge or consolidate,...

Section 238.255 - Credits to regular accounts when earnings less than assumed interest rate. - (2) The regular account for an active or inactive member...

Section 238.260 - Variable Annuity Account; rules. - (2) There is established in the Public Employees Retirement Fund...

Section 238.265 - Withdrawal of member account. - (a) The member is separated from all service with participating...

Section 238.280 - Eligibility for retirement. - (2) A member of the system who has 25 years...

Section 238.285 - Verification of retirement data. - (a) The service information reported by the member’s employers and...

Section 238.300 - Service retirement allowance. - (1) A refund annuity which shall be the actuarial equivalent...

Section 238.305 - Optional service retirement allowance calculations. - Option 1. (a) A life annuity (nonrefund) payable during the...

Section 238.310 - Minimum service retirement allowance. - (a) For a member who retires and begins receiving a...

Section 238.320 - Disability retirement allowance. - (a) A disability retirement refund annuity based on the contributions...

Section 238.325 - Optional disability retirement allowance calculations. - Option 1. (a) A life annuity (nonrefund) payable during the...

Section 238.330 - Minimum disability retirement allowance. - (2) Notwithstanding ORS 238.320, 238.325 and subsection (1) of this...

Section 238.345 - Optional service-connected disability retirement allowance for police officers and firefighters. - (2) The election to receive the benefits authorized under subsection...

Section 238.350 - Use of unused leave to increase retirement allowance; rules. - (b) For employees of a common school district, a union...

Section 238.360 - Cost-of-living adjustments. - (2)(a) If the member’s or member’s beneficiary’s yearly allowance is...

Section 238.362 - Increased benefits payable in compensation for certain damages attributable to taxation of benefits. - (a) Shall not be paid in any tax year in...

Section 238.364 - Calculation of increased benefit payable under ORS 238.362. - (b) The percentage increase provided for in this section shall...

Section 238.366 - Retirement allowance increase based on years of service. - (b) The percentage increase provided for in this section shall...

Section 238.368 - Retirement allowance increases for members who retired before January 1, 1991. - (a) If the member was serving as other than a...

Section 238.372 - Increased benefits not payable to nonresidents. - (2) The board shall give written notification of the provisions...

Section 238.374 - Applicant’s statement; resumption of residency. - (2) If a person is receiving payments under this chapter...

Section 238.376 - Nonresidency after benefits commenced; required statement; subsequent residency. - (a) If the board receives notice under this subsection on...

Section 238.378 - Information from Department of Revenue. - (2) If the board determines that the payments made to...

Section 238.390 - Death benefit. - (2) If a member dies before retiring and has not...

Section 238.395 - Additional death benefit. - (b) The death benefit under this subsection is an amount...

Section 238.405 - Death benefit payable to survivors of certain police officers or firefighters. - (2) For the purpose of this section, the unmodified retirement...

Section 238.407 - Distribution of death benefit as rollover distribution. - (2) Subsection (1) of this section applies to an eligible...

Section 238.410 - Board may contract for insurance for retirees; rules. - (a) "Carrier" means an insurance company or health care service...

Section 238.415 - Payment toward cost of pre-Medicare insurance; rules. - (a) "Board" means the Public Employees Retirement Board. (b) "Eligible...

Section 238.420 - Payment toward cost of Medicare supplemental insurance. - (a) A retired member of the Public Employees Retirement System...

Section 238.430 - Limitation on benefits payable to persons establishing membership on or after January 1, 1996. - (2) A person establishes membership in the system before January...

Section 238.435 - Provisions applicable to persons establishing membership on or after January 1, 1996. - (2) Notwithstanding the definition of "final average salary" provided by...

Section 238.440 - Optional purchase of benefit units by police and firefighters. - (2) Notwithstanding subsection (1) of this section, a police officer...

Section 238.442 - Prior service credit. - (2) If a public employer elects to provide prior service...

Section 238.445 - Benefits exempt from execution, bankruptcy and certain taxes; exceptions. - (2) Subsection (1) of this section does not apply to...

Section 238.447 - Execution or assignment of benefits to collect restitution or compensatory fine for felony. - (2) Subsection (1) of this section applies only to the...

Section 238.450 - Computation of retirement allowance or benefit; notice of dispute. - (2) A member of the system may dispute the accuracy...

Section 238.455 - Estimated benefit payments. - (b) Whenever a member of the system is retired for...

Section 238.458 - Unclaimed benefits. - (2) Death benefits and other amounts payable by reason of...

Section 238.460 - Waiver of retirement allowance. - (2) If for any month the waiver does not apply...

Section 238.462 - Spousal consent required for certain optional forms of retirement allowance. - (2) Except as provided in subsection (3) of this section,...

Section 238.465 - Benefits payable to others under certain judgments; rules. - (2) A judgment, order or settlement providing for payment to...

Section 238.485 - Fund established. - (2) The assets of the Public Employee Benefit Equalization Fund...

Section 238.488 - Payment of benefits; employer contributions. - (a) No payments are being made to the member or...

Section 238.490 - Administrative expenses. - (2) In order to facilitate financing the establishment and administration...

Section 238.492 - Rules for administration of fund. - Note: 238.492 was enacted into law by the Legislative Assembly...

Section 238.500 - Definitions for ORS 238.500 to 238.585. - (1) "Court" means the Supreme Court, the Court of Appeals,...

Section 238.505 - Judges as PERS members. - (2) A person who, by reason of the age at...

Section 238.515 - Contributions. - (b) The state shall pick-up, assume or pay the full...

Section 238.535 - Service retirement allowance. - (a) Upon retiring from service as a judge at the...

Section 238.538 - Health benefit plans for certain retired judge members. - (a) Shall continue to be eligible as a nonretired employee...

Section 238.545 - Withdrawal of member account; retirement allowance of inactive judge member. - (a) The judge member is separated from all service with...

Section 238.555 - Disability retirement allowance. - (b) As used in paragraph (a) of this subsection, "injury"...

Section 238.565 - Judge’s beneficiaries; spouse’s pension. - (2)(a) If a judge member who has six or more...

Section 238.575 - Cost-of-living adjustments; ad hoc increase. - (2) ORS 238.368 applies to judge members, and for that...

Section 238.580 - Application of PERS laws to judges. - (2) This chapter applies in respect to persons described in...

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. - (2) A judge member who has creditable service as other...

Section 238.600 - System established; legislative intent. - (2) If the Public Employees Retirement System is terminated, or...

Section 238.605 - Actuarial report on system; determination of unfunded actuarial liability. - (2) For the purpose of evaluating the system under this...

Section 238.606 - Independent review of actuarial report on system; reports. - (b) The firm conducting the review required by this section...

Section 238.607 - Actuarial equivalency factor tables. - (a) The effective date of retirement for any member, judge...

Section 238.608 - Separate actuarial equivalency factor tables for certain police officers and firefighters. - (2) The provisions of this section apply to members of...

Section 238.610 - Administrative expenses of system; rules. - (b) The board may adopt rules establishing procedures for recovering...

Section 238.615 - Revolving fund for payment of administrative expenses. - (2) The revolving fund may be used by the system...

Section 238.630 - Board generally; rules. - (2) The board shall have: (a) The powers and privileges...

Section 238.640 - Qualifications of board members. - (2) One member of the board must be: (a) An...

Section 238.646 - Authority of Director of Public Employees Retirement System to require fingerprints. - (1)(a) Is employed or applying for employment by the system;...

Section 238.650 - Rules of board; written plan document. - (2) All rules adopted by the board become part of...

Section 238.657 - Board counsel. - Note: Legislative Counsel has substituted "chapter 67, Oregon Laws 2003,"...

Section 238.660 - Fund generally; board review of legislative proposals. - (2) Until all liabilities to members and their beneficiaries are...

Section 238.670 - Reserve accounts in fund. - (a) To prevent any deficit in the fund by reason...

Section 238.675 - Transfer of unclaimed death benefit or account balance to other account or reserve. - (A) The total benefit payable to the beneficiaries designated by...

Section 238.680 - Integration of other retirement systems. - (a) May cause a financial and actuarial investigation of the...

Section 238.685 - Method of payment of unfunded obligation under integration contract. - (a) By agreeing to pay such portion of the obligation...

Section 238.690 - Integration of retirement plan of mass transit district. - (2)(a) A proposed form of contract setting forth all the...

Section 238.692 - Definitions for ORS 238.692 to 238.698. - (1) "Pension liability" means: (a) Monetary obligations of a participating...

Section 238.694 - Certain public bodies authorized to issue bonds to finance pension liabilities; revenue bonds. - (2) Notwithstanding the limitation on indebtedness in ORS 287A.105 or...

Section 238.695 - Intergovernmental agreements for collective issuance, administration or payment of bonds. - (2) Proceeds of bonds sold under an intergovernmental agreement entered...

Section 238.696 - Debt service trust fund. - (2) Moneys held in a debt service trust fund are...

Section 238.697 - Requirements for issuance of bonds. - (a) Obtain a statistically based assessment from an independent economic...

Section 238.698 - Funds diversion agreement. - (a) Moneys payable to the public body or group of...

Section 238.705 - State departments to remit contributions and furnish reports. - (2) Any public employer delinquent in remitting contributions shall be...

Section 238.715 - Recovery of overpayments; rules. - (a) Reducing the monthly payment to the member or other...

Section 238.720 - Rollover contributions; application against payments improperly made to retirees; rules. - (2) If the board accepts a rollover contribution under this...

Section 238.730 - Unfunded Actuarial Liability Resolution Program. - (2) A participating public employer shall participate in the program....

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2021 Oregon Revised Statutes Volume : 06 - Local Government, Public Employees, Elections Chapter 238 - Public Employees Retirement System

2021 Oregon Revised Statutes
Volume : 06 - Local Government, Public Employees, Elections
Chapter 238 - Public Employees Retirement System