- (1) Any year-to-date calculation ("factor") used to credit earnings to Tier One member regular accounts shall be a pro-rate of the assumed interest rate and cannot be greater unless and until the conditions in ORS 238.255 have been met.
- (2) The provisions of this rule shall be applied retroactively to July 1, 2003.
Statutory/Other Authority
ORS 238.650
Statutes/Other Implemented
ORS 238
History
PERS 1-2006, f. & cert. ef. 2-1-06
PERS 18-2005(Temp), f. & cert. ef. 10-26-05 thru 4-19-06
PERS 24-2003, f. & cert. ef. 12-15-03