Source: https://www.oregonlaws.org/ors/238.465
Timestamp: 2019-07-17 04:56:04
Document Index: 203961121

Matched Legal Cases: ['§82', '§405', '§55', '§32', '§6', '§2']

ORS 238.465 - Benefits payable to others under certain judgments - 2017 Oregon Revised Statutes
2017 ORS Vol. 6 Chapter 238 Section 238.465
2017 ORS 238.465¹
(1) Notwithstanding ORS 238.445 (Benefits exempt from execution, bankruptcy and certain taxes) or any other provision of law, payments under this chapter or ORS chapter 238A of any pension, annuity, retirement allowance, disability benefit, death benefit, refund benefit or other benefit that would otherwise be made to a person entitled thereto under this chapter or ORS chapter 238A shall be paid, in whole or in part, by the Public Employees Retirement Board to an alternate payee if and to the extent expressly provided for in the terms of any judgment of annulment or dissolution of marriage or of separation, or the terms of any court order or court-approved property settlement agreement incident to any judgment of annulment or dissolution of marriage or of separation. Except as provided in subsection (5) of this section, the total actuarial value of benefits payable to a member and to an alternate payee under this section may not be greater than the value of the benefits the member would otherwise be eligible to receive if the annulment or dissolution of marriage or separation had not occurred. Any payment under this subsection to an alternate payee bars recovery by any other person.
(e) That death benefits under ORS 238A.230 (Death benefit) to which the alternate payee has been entitled as the spouse of a member shall be available to the alternate payee after the effective date of the judgment of annulment or dissolution of marriage or of separation.
(5) Any increase in the retirement allowance provided to the member shall increase the amounts paid to the alternate payee in the same proportion, except that:
(a) An alternate payee is not entitled to receive cost-of-living adjustments under ORS 238.360 (Cost-of-living adjustments) or any other retirement allowance increase until benefits are first paid from the system on behalf of the member; and
(b) Cost-of-living adjustments under ORS 238.360 (Cost-of-living adjustments) or 238A.210 (Cost-of-living adjustment) to the retirement allowance paid to an alternate payee shall be calculated on the basis of the amount of the alternate payee’s yearly allowance or yearly pension or benefit, as those terms are defined in ORS 238.360 (Cost-of-living adjustments) and 238A.210 (Cost-of-living adjustment).
(11) As used in this section, “court” means any court of appropriate jurisdiction of this or any other state or of the District of Columbia. [Formerly 237.205; 2001 c.945 §§82,89; 2003 c.576 §405; 2003 c.733 §55; 2005 c.808 §32; 2013 s.s. c.2 §6; 2015 c.506 §2]
Read with ORS 238.390 (Death benefit), where dissolu­tion judg­ment provided for division of Public Employees Retire­ment System (PERS) account to alternate payee and in absence of beneficiary designa­tion, for interest to be paid to alternate payee’s estate, PERS was authorized under this statute to es­tab­lish alternate payee account and pay that account to alternate payee’s estate when that payee died after dissolu­tion judg­ment but before PERS es­tab­lished account. Hamlin v. PERB, 273 Or App 796, 359 P3d 581 (2015)