OAR 459-080-0200: IAP Account Adjustments for Earnings or Losses

(1) Earnings and losses on employee, employer, and rollover contributions under the OPSRP Individual Account Program (“IAP”) shall be credited annually in accordance with OAR 459-007-0005(6). In no event shall earnings or losses be credited to individual accounts until funds are actually received by PERS and have been successfully reconciled with the corresponding wage and contribution record. (2) When a member elects to withdraw their accounts under ORS 238A.375, earnings or losses for their employee and employer accounts shall be credited in accordance with OAR 459-007-0320(2) and earnings for the Employee Pension Stability Account (EPSA) will be credited in accordance with OAR 459-007-0370. (3) When a member retires and elects to receive a lump sum payment of their accounts under ORS 238A.400(1), earnings or losses for their employee and employer accounts shall be credited in accordance with OAR 459-007-0320(1). (4) When a member retires and elects to receive installment payments under ORS 238A.400(2), earnings or losses for their employee and employer accounts shall be credited in accordance with OAR 459-007-0330 .