OAR 459-075-0170
Payment of OPSRP Pension Program Benefits
(1)
Definitions. For purposes of this rule:(a)
“Benefit recipient” means an OPSRP Pension Program member, surviving beneficiary or alternate payee who is entitled to receive a retirement benefit under the OPSRP Pension Program.(b)
“Non-survivorship benefit” means a lifetime benefit that is paid to an eligible benefit recipient and ends after death.(c)
“Survivorship benefit” means a survivor monthly pension benefit that is paid to a surviving beneficiary after an OPSRP Pension Program member’s death.(2)
An OPSRP monthly pension benefit accrues on the first day of the calendar month and shall be paid to the benefit recipient on the first day of the following month.(3)
If a benefit recipient who is receiving an OPSRP pension dies during a calendar month:(a)
Non-survivorship benefits shall accrue on the first day of the month of death and shall be paid to the deceased member or deceased alternate payee on the first day of the following month.(b)
Survivorship benefits shall accrue on the first day of the month after the last payable OPSRP pension benefit to a deceased member or deceased alternate payee.(4)
If the member or alternate payee is entitled to receive a cash-out of a small benefit under ORS 238A.195 (Cash out of small benefits), the benefit accrues on the member’s or alternate payee’s effective retirement date and shall be paid to the member or alternate payee.
Source:
Rule 459-075-0170 — Payment of OPSRP Pension Program Benefits, https://secure.sos.state.or.us/oard/view.action?ruleNumber=459-075-0170.