A Program IRA account may be closed by a process established by the Board if:
- (1) No funds have been deposited into the account for at least 18 months; and
- (2) All funds from the Participating Employee’s or Participating Individual’s account have been withdrawn pursuant to OAR 170-080-0057; or
- (3) All funds from the Participating Employee’s or Participating Individual’s account have been rolled over or transferred pursuant to OAR 170-080-0058.
Statutory/Other Authority
ORS 178.200-178.245
Statutes/Other Implemented
ORS 178.200-178.245
History
OST 3-2018, adopt filed 10/11/2018, effective 10/19/2018