- (1) Except as provided in this rule, distribution under ORS 238A.400 of a member’s Individual Account Program (IAP) accounts at retirement shall begin only at the time the member retires for service under the PERS Chapter 238 Program or OPSRP Pension Program.
- (2) A member of the IAP who is retired for disability under the PERS Chapter 238 Program may begin distribution of the member’s IAP accounts upon reaching earliest service retirement age.
- (3) This rule does not apply to a member who retires for service as a judge member or legislator.
- (4) This rule is effective January 1, 2011.
Statutory/Other Authority
ORS 238A.450
Statutes/Other Implemented
ORS 238A.400
History
PERS 10-2010, f. & cert. ef. 9-29-10