Or. Admin. Code § 459-013-0050

Current through Register Vol. 63, No. 12, December 1, 2024

Section 459-013-0050 - Combined Service

(1) For purposes of this rule:

(a) "Combined service" means periods of active membership in two or more different classifications.

(b) "Concurrent service" means active membership for the same period with two or more different employers in two or more different classifications or actuarial groups.

(2) A member who has combined service shall have their service retirement or disability retirement allowance calculated as provided in ORS Chapter 238 and this rule. The benefit calculations may include:

(a) Account balance, and final average salary as of the effective retirement date;

(b) Creditable service as provided under OAR 459-010-0014;

(c) Prorated creditable service for periods of concurrent service;

(d) All calculation methods applicable to the member under ORS 238.300 or 238.320;

(e) The optional forms of retirement allowance selected by the member under ORS 238.305 or 238.325;

(f) For early and normal retirement eligibility, the rules as described in OAR 459-010-0019;

(g) A statutory factor applicable for the classification of the member during each period of creditable service;

(h) A single early retirement factor, if applicable;

(i) The actuarial equivalency factor tables in effect on the effective retirement date; and

(j) A variable adjustment for members who participated in the Variable Annuity Program on and after January 1, 1982.

Or. Admin. Code § 459-013-0050

PERS 4-2011, f. & cert. ef. 8-4-11

Stat. Auth.: ORS 238.650

Stats. Implemented: ORS 238.260, 238.280, 238.300, 238.305, 238.320 & 238.325