Or. Admin. R. 459-007-0007

Current through Register Vol. 63, No. 8, August 1, 2024

Section 459-007-0007 - Assumed Rate

(1) The Board will review the assumed rate in odd-numbered years as part of the Board's review and adoption of actuarial assumptions and methods.

(2) The Board may adopt a change in the assumed rate at any time. A change in the assumed rate is effective the first of the year following the Board's adoption of the change.

(3) The assumed rate is set at 6.9 percent, effective on January 1, 2024.

Or. Admin. R. 459-007-0007

PERS 9-2013, f. & cert. ef. 9-27-13; PERS 11-2015, f. & cert. ef. 9/25/2015; PERS 4-2017, f. & cert. ef. 7/28/2017; PERS 7-2019, amend filed 09/25/2019, effective 9/25/2019; PERS 7-2021, amend filed 10/01/2021, effective 10/1/2021; PERS 12-2023, amend filed 09/29/2023, effective 9/29/2023

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

Statutes/Other Implemented: ORS 238.255