OAR 459-007-0003: Determination of Tier One Year-to-Date Calculation

Edition: Current OARD snapshotEffective: 2006-02-01Last verified: 2026-09-07

(1) Any year-to-date calculation ("factor") used to credit earnings to Tier One member regular accounts shall be a pro-rate of the assumed interest rate and cannot be greater unless and until the conditions in ORS 238.255 have been met. (2) The provisions of this rule shall be applied retroactively to July 1, 2003.

Official history and status

Statutory/Other Authority: ORS 238.650

Statutes/Other Implemented: ORS 238

History: PERS 1-2006, f. & cert. ef. 2-1-06 PERS 18-2005(Temp), f. & cert. ef. 10-26-05 thru 4-19-06 PERS 24-2003, f. & cert. ef. 12-15-03

This rule cites

  • ORS 238.255 — resolved
  • this rule — target_record_not_published

Cited by

Official source: https://secure.sos.state.or.us/oard/