OAR 459-007-0900
Crediting Earnings To Integration Lump Sum Payments


(1)

For the purposes of this rule, “integration lump sum payment” means any funds received from an employer as the transfer of any prior plan assets under ORS 238.680 (Integration of other retirement systems), excluding any member account balances.

(2)

If the integrating employer’s members have no prior plan assets to transfer, the integration contract will state what portion of the integration lump sum payment is attributable to member regular accounts.

(3)

Pursuant to ORS 238.229 (Effect of lump sum payment to side account on contributions of pooled employer)(4), the integration lump sum payment shall first be applied to liabilities attributable to creditable service by employees of the employer before the employer was grouped with other public employers. Earnings on these amounts shall be credited based on the following:

(a)

For the month in which the integration lump sum payment is received, earnings shall be credited based on the average annualized rate, prorated for the number of days from date of receipt to the end of the month.

(b)

For the remainder of the year, the integration lump sum payment shall receive earnings based on the difference between the December latest year-to-date calculation for Tier Two annual earnings and the Tier Two year-to-date calculation in effect as of the first of the month following the payment date.

(c)

In subsequent calendar years, earnings shall be credited to the integration lump sum payment in accordance with OAR 459-007-0530 (Crediting Earnings To Employer Lump-Sum Payments)(2).

Source: Rule 459-007-0900 — Crediting Earnings To Integration Lump Sum Payments, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=459-007-0900.

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 459-007-0900’s source at or​.us