OAR 459-080-0260: Distribution of IAP Accounts at Retirement

(1) Except as provided in this rule, distribution under ORS 238A.400 of a member’s Individual Account Program (IAP) accounts at retirement shall begin only at the time the member retires for service under the PERS Chapter 238 Program or OPSRP Pension Program. (2) A member of the IAP who is retired for disability under the PERS Chapter 238 Program may begin distribution of the member’s IAP accounts upon reaching earliest service retirement age. (3) This rule does not apply to a member who retires for service as a judge member or legislator. (4) This rule is effective January 1, 2011.