Or. Admin. Code § 459-045-0090

Current through Register Vol. 63, No. 10, October 1, 2024

Section 459-045-0090 - PERS Administrative Fee

(1) An administrative fee is assessed by PERS for obtaining data and making calculations to administer court-ordered alternate payee awards under ORS 238.465 in the name of an alternate payee.

(2) Pursuant to the provisions of ORS 238.465(9), the board may not charge more than $1,300 for calendar year 2024 for the total administrative expenses and related costs incurred in administering court-ordered alternate payee awards. This fee is allocated between the member and the alternate payee based on the fraction of the benefit received by the member or the alternate payee.

(3) The fee to be assessed by the board shall be determined by the estimated administrative cost of implementing the court order based on a percentage of the fee threshold (rounded to the nearest dollar), as set forth below:

(a) Low Administrative Cost Tier: Set at 50% of the maximum allowable administrative fee and is $650 for calendar year 2024.

(b) Moderate Administrative Cost Tier: Set at 75% of the maximum allowable administrative fee and is $975 for calendar year 2024.

(c) High Administrative Cost Tier: Set at 100% of the maximum allowable administrative fee and is $1,300 for calendar year 2024.

(4) On January 1 of each year, the board shall update the administrative cost fees tiers as the dollar limit threshold provided by ORS 238.465(9) is updated.

Or. Admin. Code § 459-045-0090

PERS 5-1996, f. & cert. ef. 6-11-96; PERS 4-2010, f. & cert. ef. 5-28-10; PERS 1-2024, amend filed 02/02/2024, effective 2/2/2024

Statutory/Other Authority: ORS 238.465, 238.650 & 238A.450

Statutes/Other Implemented: ORS 238.465