Withdrawal from pension program by vested inactive member. An inactive member who withdraws from the individual account program under ORS 238A.375 cancels the person’s membership in the Public Employees Retirement System. If the person is thereafter reemployed by a participating public employer

(1) The person may reestablish membership in the pension program only for the purpose of service performed after the person is reemployed; and

(2) Any service performed before the withdrawal may not be credited toward the period of service required by ORS 238A.100 or 238A.115 or toward the accrual of retirement credit under ORS 238A.140, 238A.150 or 238A.155. [2003 c.733 §8; 2005 c.152 §2; 2007 c.52 §2; 2019 c.355 §5; 2021 c.135 §4]

(Computation of Benefit)