Or. Admin. Code § 459-013-0320

Current through Register Vol. 63, No. 12, December 1, 2024

Section 459-013-0320 - Payment of Increased Benefits to an Alternate Payee

(1) The provisions of this rule apply to an alternate payee who receives retirement benefit payments derived from an "alternate payee account" or a separate benefit option as provided under OAR 459-045-0010(2) or (3)(b).

(2) If an alternate payee is eligible to receive increased benefits under ORS 238.465(5), the percentage of the increased benefit payable to the member, as determined under ORS 238.364, 238.366, 238.368, and 238.372 to 238.384, is the increased benefit percentage for which the alternate payee is eligible. If the member predeceases the alternate payee, the increased benefit percentage payable to the member at the time of death remains the increased benefit percentage for which the alternate payee is eligible.

(3) If the alternate payee is eligible for the increased benefit under section (2), payment of the increased benefit to the alternate payee under ORS 238.372 to 238.384 is determined by the residency of the alternate payee.

Or. Admin. Code § 459-013-0320

PERS 6-2012, f. & cert. ef. 3-28-12; PERS 8-2013, f. & cert. ef. 9-27-13

Stat. Auth.: ORS 238.650

Stats. Implemented: ORS 238.362, 238.364, 238.366, 238.465& 238.372 - 238.384