A member who reaches earliest retirement age under ORS 238.280 becomes eligible for a service retirement benefit that will be paid upon written application to the Board. After becoming eligible under that section, a member may not withdraw their account under ORS 238.265 nor will their membership terminate by operation of ORS 238.095(2).

Statutory/Other Authority

ORS 238.650

Statutes/Other Implemented

ORS 238.280 & 238.095

History

PERS 15-2007, f. & cert. ef. 11-23-07
PERS 5-1999, f. & cert. ef. 11-15-99
PERS 1-1996, f. & cert. ef. 3-26-96, Renumbered from 459-010-0090
PER 8, f. 12-15-55