Or. Admin. Code § 111-065-0001

Current through Register Vol. 63, No. 11, November 1, 2024

Section 111-065-0001 - Definitions

For the purpose of this rule:

(1) "Direct Debit" for purposes of this OAR refers to a payment through an Automated Clearing House (ACH) credit or ACH debit that initiates the movement of funds electronically from the early retiree's individual banking account within the United States to the OEBB Treasury account.

(2) "OEBB Administered Early Retiree" means an individual who meets the definition of Eligible Early Retiree in OAR 111-010-0015 and whose benefits are administered by OEBB.

(3) "Overpayment" means the amount of the Early Retiree's monthly payment to OEBB that exceeded the amount due.

(4) "Payment in full" means payment received by OEBB which is equal to the current monthly amount due for all benefit premiums which the early retiree is currently enrolled in.

(5) "Underpayment" means a payment submitted on or before the due date by the Early Retiree that is less than the invoiced amount.

Or. Admin. Code § 111-065-0001

OEBB 6-2012(Temp), f. & cert. ef. 4-20-12 thru 10-16-12; OEBB 11 2012, f. & cert. ef. 10-9-12; OEBB 7-2017, amend filed 11/07/2017, effective 11/7/2017

Statutory/Other Authority: 243.860 - 243.886

Statutes/Other Implemented: ORS 243.864(1)(a)