Or. Admin. Code § 459-080-0010

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

Section 459-080-0010 - Membership

(1) An employee who is eligible for membership in the pension program under OAR 459-075-0010 becomes a member of the individual account program on the same date the employee becomes a member of the pension program.

(2) An employee who was an active or inactive member of PERS on August 28, 2003, and retains membership in PERS through January 1, 2004, becomes a member of the individual account program on January 1, 2004.

(3) An employee who performed a period of service before August 29, 2003, that was credited to the six-month period required under ORS 238.015 for membership in PERS becomes a member of the individual account program on the date the employee becomes a member of PERS, or January 1, 2004, whichever is later.

(4) An employee may become a member of the individual account program as provided in ORS 238A.300(2)

Or. Admin. Code § 459-080-0010

PERS 21-2003, f. 12-15-03 cert. ef. 1-1-04; PERS 1-2012, f. & cert. ef. 2-1-12

Stat. Auth.: ORS 238A.450

Stats. Implemented: ORS 238A.300, 238A.305 & OL 2011 Ch. 722