OAR 459-007-0060: Crediting Earnings to the Tier One Employer Death Benefit

Edition: Current OARD snapshotEffective: 2009-04-06Last verified: 2026-09-07

(1) Upon the death of a Tier One member who is entitled to an employer death benefit under ORS 238.395, the amount of the employer benefit shall be added to the death benefit amount, as defined in OAR 459-007-0050(1), as of the first of the month of the member’s death. (2) Earnings shall thereafter be credited to the employer death benefit amount in accordance with OAR 459-007-0050(2)(e) through (i). (3) If a beneficiary elects to receive a monthly benefit, earnings are credited in accordance with OAR 459-007-0050(5).

Official history and status

Statutory/Other Authority: ORS 238.650

Statutes/Other Implemented: ORS 238.390 & 238.395

History: PERS 3-2009, f. & cert. ef. 4-6-09 PERS 21-2005, f. & cert. ef. 11-1-05 PERS 24-2003, f. & cert. ef. 12-15-03 PERS 4-2003(Temp), f. 6-13-03, cert. ef. 7-1-03 thru 12-26-03 PERS 1-2000, f. & cert. ef. 1-7-00 PERS 9-1998, f. 5-22-98, cert. ef. 1-1-00 PERS 1-1996, f. & cert. ef. 3-26-96, Renumbered from 459-010-0135 PERS 1-1995, f. 9-12-95, cert. ef. 1-1-96 PER 1-1985, f. & cert. ef. 3-22-85 PER 2-1984(Temp), f. & cert. ef. 9-26-84 PER 1-1984(Temp), f. & cert. ef. 6-29-84 PER 4-1980(Temp), f. 11-26-80, cert. ef. 12-1-80 PER 8-1955, f. 12-15-55

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