9 chapters · 695 sections in this title.
ORS 238.315 Lump sum payment in lieu of small allowance
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A member of the system who has separated from the service of all participating employers, who retires for service and whose total service retirement allowance on the effective date of retirement, as computed by the board in accordance with the nonrefund plan, is less than $200 pe…
ORS 238.320 Disability retirement allowance
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(1)(a)(A) Except as provided in subparagraph (B) of this paragraph, an employee who is a member of the Public Employees Retirement System is considered to be disabled if the employee is found, after being examined by one or more physicians selected by the Public Employees Retirem…
ORS 238.325 Optional disability retirement allowance calculations
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(1) At any time after establishing membership, but before the expiration of 90 days after the Public Employees Retirement Board makes its finding that the employee is disabled, an employee who is a member of the Public Employees Retirement System may elect to convert the disabili…
ORS 238.330 Minimum disability retirement allowance
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(1) Whenever an active or inactive member of the system has been found to be entitled to a disability retirement allowance as provided in ORS 238.320, the member shall receive not less than an aggregate of $100 a month under the nonrefund plan, subject to reduction to equivalent …
ORS 238.335 Medical examination for disability retirement allowance; rules
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The board shall require medical examinations for all applicants for retirement for disability under such general rules as it prescribes, and may provide for the discontinuance of any disability retirement allowance and the forfeiture of all rights under this chapter, in the case …
ORS 238.340 Return to work
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(1) Except as provided in subsection (2) of this section, when a member retired because of disability is determined by the Public Employees Retirement Board to be not incapacitated to the extent that the member is disabled from the performance of any work for which the member is …
ORS 238.345 Optional service-connected disability retirement allowance for police officers and firefighters
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(1) A police officer or firefighter, other than a volunteer firefighter, who would be entitled to receive disability benefits as a member of the Public Employees Retirement System under ORS 238.320 (1), may elect to receive the service-connected disability retirement allowance au…
ORS 238.347 Timeline for referral of hearing of contested case to dispute denial of application for disability retirement allowance
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(1) If a member who is a police officer or a firefighter requests a contested case hearing to dispute a final denial of an application for a disability retirement allowance under ORS 238.320, the Public Employees Retirement Board shall ensure that the contested case is referred f…
ORS 238.350 Use of unused leave to increase retirement allowance; rules
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(1)(a) Upon the request by a public employer that its employees be compensated for accumulated unused sick leave with pay in the form of increased retirement benefits upon service or disability retirement, the board shall establish a procedure for adding to the gross amount of sa…
ORS 238.355 Computation of unused sick leave for community college employees
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Notwithstanding ORS 238.350 (2)(a), unused sick leave for community college employees shall accumulate for an unlimited number of days and shall accumulate at the rate of 10 days per school year or one day per month employed, whichever is greater. Except as provided in ORS 238.35…
ORS 238.360 Cost-of-living adjustments
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(1) On July 1 of each year, the Public Employees Retirement Board shall increase the yearly allowance that a member or members beneficiary receives or is entitled to receive, as provided in subsection (2) of this section. The increase is first payable with the allowance that the…
ORS 238.361 Consumer price index for calculation of cost-of-living adjustments
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When the Public Employees Retirement Board is required to use a consumer price index to calculate cost-of-living adjustments to benefits payable under ORS chapter 238 or 238A, the board shall use the Consumer Price Index for All Urban Consumers, West Region (All Items), as publis…
ORS 238.362 Increased benefits payable in compensation for certain damages attributable to taxation of benefits
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(1) Notwithstanding any other provision of sections 3 to 10, chapter 569, Oregon Laws 1995, the increased benefits payable under ORS 238.364 and 238.368 (2), including all increased benefits payable to judge members by reason of the application of ORS 238.364 and 238.368 (2) to j…
ORS 238.364 Calculation of increased benefit payable under ORS 238.362
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(1)(a) Upon retirement of an employee who is a member of the Public Employees Retirement System and computation of that members service retirement allowance under ORS 238.300, 238.305 or 238.425, or computation of any disability retirement allowance under ORS 238.320, 238.325, 2…
ORS 238.366 Retirement allowance increase based on years of service
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(1)(a) Upon retirement of an employee who is a member of the Public Employees Retirement System and computation of that members service retirement allowance under ORS 238.300, 238.305 or 238.425, or computation of any disability retirement allowance under ORS 238.320, 238.325, 2…
ORS 238.368 Retirement allowance increases for members who retired before January 1, 1991
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(1) In addition to any increase under ORS 238.360, first effective for the month of December 1990, payable January 1, 1991, the monthly retirement allowance payable to or on account of any person who has retired as a member of the Public Employees Retirement System shall be incre…
ORS 238.372 Increased benefits not payable to nonresidents
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(1) Except as provided in ORS 238.372 to 238.384, the Public Employees Retirement Board may not pay the increased benefits provided by chapter 796, Oregon Laws 1991, or chapter 569, Oregon Laws 1995, if the board receives notice under ORS 238.372 to 238.384 that the payments made…
ORS 238.374 Applicants statement; resumption of residency
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(1) A person applying for payments under this chapter shall give a written statement to the Public Employees Retirement Board that indicates whether the payments will be subject to Oregon personal income tax under ORS 316.127 (9). If the person fails to provide the statement requ…
ORS 238.376 Nonresidency after benefits commenced; required statement; subsequent residency
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(1) If a person is receiving payments under this chapter, and after the payments commence the payments cease to be subject to Oregon personal income tax under ORS 316.127 (9), the person shall promptly notify the Public Employees Retirement Board by written statement that the pay…
ORS 238.378 Information from Department of Revenue
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(1) Not less than once each calendar year, the Public Employees Retirement Board shall provide to the Department of Revenue information identifying persons to whom payments have been made under this chapter. The Department of Revenue shall provide to the board such information on…
ORS 238.382 Statements constitute declaration under penalty of perjury
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A statement required under ORS 238.372 to 238.384 constitutes a declaration under penalty of perjury and must include the following sentence in prominent letters immediately above the signature of the declarant: I hereby declare that the above statement is true to the best of my…
ORS 238.384 Rules
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The Public Employees Retirement Board may establish rules for the administration of ORS 238.372 to 238.384. [2011 c.653 §7]
ORS 238.390 Death benefit
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(1) If a member of the system dies before retiring, the amount of money, if any, credited at the time of death to the member account of the member in the fund shall be paid to the beneficiaries designated by the member. For this purpose a member may designate as a beneficiary any…
ORS 238.395 Additional death benefit
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(1)(a) In addition to any other benefits under this chapter, a death benefit, provided by contributions of the public employer under ORS 238.225 and, for benefits that accrue on or after July 1, 2020, amounts in the employee pension stability account established for the member un…
ORS 238.400 Payment upon death of retired member who dies before time expires to make election to change retirement benefits
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If a member of the system, who has attained normal retirement age and has retired from service, dies prior to the expiration of the time an election could be made by the member to change the members service retirement benefit option under ORS 238.305, and the records of the Publ…
ORS 238.405 Death benefit payable to survivors of certain police officers or firefighters
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(1) The surviving spouse or child of a police officer or firefighter, who died a member of the Public Employees Retirement System while retired either for service or disability and while receiving or being entitled to receive a benefit under ORS 238.345 or under this chapter, is …
ORS 238.407 Distribution of death benefit as rollover distribution
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(1) If a benefit is payable under this chapter to a beneficiary by reason of the death of a member of the system, the beneficiary may elect to have all or part of the distribution of the death benefit paid in an eligible rollover distribution to an individual retirement plan desc…
ORS 238.410 Board may contract for insurance for retirees; rules
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(1) As used in this section: (a) Carrier means an insurance company or health care service contractor holding a valid certificate of authority from the Director of the Department of Consumer and Business Services, an insurance company or health care service contractor licensed …
ORS 238.415 Payment toward cost of pre-Medicare insurance; rules
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(1) As used in this section: (a) Board means the Public Employees Retirement Board. (b) Eligible retired state employee means: (A) A retired member of the Public Employees Retirement System who was a state employee at the time of retirement, is retired for service or disabili…
ORS 238.420 Payment toward cost of Medicare supplemental insurance
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(1) As used in this section, eligible retired member means: (a) A retired member of the Public Employees Retirement System who is retired for service or disability, is receiving a retirement allowance or benefit under the system, had eight years or more of qualifying service in…
ORS 238.425 Benefits payable to vested inactive member
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In the event that an employee who is a vested member of the system and who has not attained earliest service retirement age is separated, for any reason other than death or disability, from all service entitling the employee to membership in the system, the member account, if any…
ORS 238.430 Limitation on benefits payable to persons establishing membership on or after January 1, 1996
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(1) Notwithstanding any other provisions of this chapter, a person who establishes membership in the Public Employees Retirement System on or after January 1, 1996, is entitled to receive only the benefits provided under ORS 238.435 for periods of service with participating publi…
ORS 238.435 Provisions applicable to persons establishing membership on or after January 1, 1996
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(1) Notwithstanding the definition of salary or other advantages provided by ORS 238.005, for the purpose of calculating the retirement allowance of a person who establishes membership in the system on or after January 1, 1996, as described in ORS 238.430, the Public Employee…
ORS 238.440 Optional purchase of benefit units by police and firefighters
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(1) A police officer or firefighter who is a member of the system may elect to make additional contributions to the fund to purchase increased benefits between the date of retirement and age 65. The rate of additional contribution shall be determined by the actuary, dependent upo…
ORS 238.442 Prior service credit
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(1) Subject to the rules of the Public Employees Retirement Board, upon commencing participation in the system a public employer that is not a school district may elect to provide prior service credit for employees of the employer who are employees of the employer on the date on …
ORS 238.445 Benefits exempt from execution, bankruptcy and certain taxes; exceptions
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(1) Except as provided in this section, the right of a person to a pension, an annuity or a retirement allowance, to the return of contribution, the pension, annuity or retirement allowance itself, any optional benefit or death benefit, or any other right accrued or accruing to a…
ORS 238.447 Execution or assignment of benefits to collect restitution or compensatory fine for felony
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(1) Notwithstanding ORS 238.445, any retirement allowance, pension payment, lump sum payment or other distribution payable under this chapter or ORS chapter 238A to a person convicted of a felony is subject to execution, garnishment, attachment or other process to collect, and ma…
ORS 238.450 Computation of retirement allowance or benefit; notice of dispute; prohibition on modification of data
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(1) Upon receiving an application for a retirement allowance or benefit from a member of the Public Employees Retirement System and obtaining information necessary for computation of the retirement allowance or benefit to which the member is entitled upon retirement, the system s…
ORS 238.455 Estimated benefit payments
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(1)(a) Whenever a member of the system is retired for service and is entitled to receive a retirement allowance or benefit that is payable monthly, and the Public Employees Retirement Board is unable to calculate the amount of the monthly payment in time to allow mailing of the m…
ORS 238.458 Unclaimed benefits
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(1) A benefit that is owed to a member or beneficiary of a member under the Public Employees Retirement System shall be forfeited at the end of the systems plan year in which the benefit becomes due if the Public Employees Retirement Board is unable to locate the member or benef…
ORS 238.460 Waiver of retirement allowance
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(1) If receipt in full by a person of a retirement allowance or other benefit under this chapter or ORS chapter 238A would prevent such person from receiving in full any other governmental pension to which the person is entitled, such person may waive for a calendar year sufficie…
ORS 238.462 Spousal consent required for certain optional forms of retirement allowance
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(1) A member of the Public Employees Retirement System who is married on the effective date of the members retirement shall receive a service retirement allowance in the form provided for in Option 3 under ORS 238.305 (1) or a disability retirement allowance in the form provided…
ORS 238.465 Benefits payable to others under certain judgments; rules
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(1) Notwithstanding ORS 238.445 or any other provision of law, payments under this chapter or ORS chapter 238A of any pension, annuity, retirement allowance, disability benefit, death benefit, refund benefit or other benefit that would otherwise be made to a person entitled there…
ORS 238.470 Interest on payments from fund
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Interest is not payable on any payment from the Public Employees Retirement Fund unless specifically provided for in this chapter. [Formerly 237.202]
ORS 238.475 Effect of transfer of employee to another participating employer
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No transfer after July 1, 1946, by a member of the system from the service of one employer participating in the system to the service of another such employer shall impair any rights or deprive the member of any credits accruing to the member as a result of membership in the syst…
ORS 238.480 Effect of change to calendar year on contributions and credit of members
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All contributions made and all service credit earned under the Public Employes Retirement Act of 1953 prior to January 1, 1956, on the basis of a fiscal year shall not be affected by the change from fiscal year basis to calendar year basis on January 1, 1956, under the 1955 amen…
ORS 238.485 Fund established
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(1) Pursuant to section 415(m) of the Internal Revenue Code, there is established a Public Employee Benefit Equalization Fund, separate and distinct from the General Fund and from the Public Employees Retirement Fund. The Public Employee Benefit Equalization Fund is declared to b…
ORS 238.488 Payment of benefits; employer contributions
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(1) A member of the Public Employees Retirement System, or the beneficiary of that member, who by reason of the benefit limitations imposed by Internal Revenue Code section 415 receives a retirement allowance under the system that is less than the allowance the member or benefici…
ORS 238.490 Administrative expenses
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(1) The administrative expenses incurred by the Public Employees Retirement Board in administering the Public Employee Benefit Equalization Fund shall be paid from interest earned by the fund. If the interest is insufficient, the excess expense shall be paid from the contribution…
ORS 238.492 Rules for administration of fund
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The Public Employees Retirement Board may adopt rules for the administration of ORS 238.485, 238.488 and 238.490. In adopting rules under this section, the board shall consider and take into account all federal law requirements relating to deferred compensation plans, including t…