Or. Admin. Code § 459-040-0040

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

Section 459-040-0040 - Plan B Service Retirement Allowance

(1) The Plan B service retirement allowance is a life pension calculated in accordance with ORS 238.535(1)(b).

(2) A judge member is not eligible to receive a service retirement allowance under Plan B before age 60.

(3) A judge member may retire under Plan B at age 60 or thereafter upon written application on forms furnished by PERS.

(4) A judge member who retires under Plan B must serve as a pro-tem judge for 35 days per calendar year for five years following the judge member's retirement date. Days of service in excess of 35 days in a calendar year may be carried over and applied to the pro tem service obligation in future years. Appointment and service as a pro-tem judge is administered by the Office of the State Court Administrator under rules adopted by order of the Chief Justice of the Oregon Supreme Court.

(5) If a judge member, retiring at age 70 or thereafter, was formerly contributing to the Judges' Retirement Fund and established membership in PERS pursuant to ORS 237.215(3) (1989 Edition), the judge member shall be entitled to a service retirement allowance as provided for in ORS 238.535(4).

Or. Admin. Code § 459-040-0040

PERS 11-2007, f. & cert. ef. 7-26-07

Stat. Auth: ORS 238.650

Stats. Implemented: ORS 238.535