OAR 459-007-0160
Crediting Earnings to Loss of Membership Account for Periods of Active Membership


In accordance with ORS 238.095 (Termination of membership)(5), as amended by section 5, chapter 776, Oregon Laws 2007, when a former member establishes membership in the system and has a Loss of Membership account, earnings or losses during dates of active membership will be credited to the Loss of Membership account in the manner specified in this rule.

(1)

Partial year crediting.

(a)

If active membership begins after the first of the year and continues through the end of the calendar year, earnings or losses from the date of active membership to December 31 of that calendar year shall be credited to the Loss of Membership account based on the Tier Two rate for the calendar year less the latest year to date Tier Two rate on the date of active membership.

(b)

If the member is active on January 1 of the calendar year and active membership ends before December 31 of that calendar year, earnings or losses shall be credited to the Loss of Membership account based on the latest year to date Tier Two rate available as of the first of the month in which active membership ends.

(c)

If active membership begins after the first of the year and ends before December 31 of that calendar year, earnings or losses shall be credited to the Loss of Membership account based on the latest year to date Tier Two rate available as of the first of the month in which active membership ends less the latest year to date Tier Two rate available on the date of active membership.

(2)

Full year crediting. Earnings or losses for full calendar years of active membership will be credited based on the Tier Two rate for the year.

(3)

The effective date of this rule is July 17, 2007. No earnings or losses will be credited to a Loss of Membership account for periods of active membership before July 17, 2007.

Source: Rule 459-007-0160 — Crediting Earnings to Loss of Membership Account for Periods of Active Membership, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=459-007-0160.

459‑007‑0001
Definitions
459‑007‑0003
Determination of Tier One Year-to-Date Calculation
459‑007‑0005
Annual Earnings Crediting
459‑007‑0007
Assumed Rate
459‑007‑0009
Allocating Costs of Compliance with Generally Accepted Accounting Principles
459‑007‑0015
Interest Rate Applied to Underpayment of Estimated Benefits
459‑007‑0020
Statutory Limitation on the Crediting of Earnings
459‑007‑0025
Crediting Earnings to a Member Lump Sum Payment
459‑007‑0040
Crediting Earnings upon Withdrawal of a Tier One Member’s Account
459‑007‑0050
Crediting Earnings for a Deceased Tier One Active or Inactive Member
459‑007‑0060
Crediting Earnings to the Tier One Employer Death Benefit
459‑007‑0070
Crediting Earnings at Tier One Service or Disability Retirement
459‑007‑0080
Crediting Earnings at Tier One Service Retirement, Single Payment
459‑007‑0090
Crediting Earnings upon Tier One Service Retirement, Two or More Installment Payments
459‑007‑0110
Crediting Earnings at Tier One Loss of Membership
459‑007‑0160
Crediting Earnings to Loss of Membership Account for Periods of Active Membership
459‑007‑0220
Distribution of Earnings for Withdrawal of Member’s Account — Tier Two
459‑007‑0230
Crediting Earnings for a Deceased Tier Two Active or Inactive Member
459‑007‑0240
Crediting Earnings to the Tier Two Employer Death Benefit
459‑007‑0250
Crediting Earnings at Tier Two Service or Disability Retirement
459‑007‑0260
Crediting Earnings at Tier Two Service Retirement, Single Payment
459‑007‑0270
Crediting Earnings upon Tier Two Service Retirement, Two or More Installment Payments
459‑007‑0290
Crediting Earnings at Tier Two Loss of Membership
459‑007‑0300
Crediting Earnings to Police Officer and Firefighter Unit Accounts in the Fund
459‑007‑0320
Crediting Earnings for IAP Account Lump Sum Payments
459‑007‑0330
Crediting Earnings for IAP Account Installment Payments
459‑007‑0335
Crediting Earnings for IAP Account Pre-Retirement Death Benefit Payments
459‑007‑0340
Crediting Earnings for an OPSRP Pension Program Cash Out of Small Benefits or Withdrawal
459‑007‑0350
Crediting Earnings to the Employee Pension Stability Account at Retirement
459‑007‑0360
Crediting Earnings to the Employee Pension Stability Account at Death
459‑007‑0370
Crediting Earnings to the Employee Pension Stability Account on Withdrawal
459‑007‑0400
Crediting Earnings Upon Withdrawal of a Judge Member Account
459‑007‑0410
Crediting Earnings Upon the Death of a Judge Member
459‑007‑0420
Crediting Earnings at Judge Member Service or Disability Retirement
459‑007‑0510
Crediting Earnings to Employer Contribution Accounts
459‑007‑0530
Crediting Earnings To Employer Lump-Sum Payments
459‑007‑0900
Crediting Earnings To Integration Lump Sum Payments
Last Updated

Jun. 8, 2021

Rule 459-007-0160’s source at or​.us