reglab/housing_qa huggingface dataset:
OR Rev Stat § 238A.250 (2021)
2021 Oregon Revised Statutes|Volume : 06 - Local Government, Public Employees, Elections|Chapter 238A - Oregon Public Service Retirement Plan|Section 238A.250 - Option of legislators to receive certain benefits.

Notwithstanding any other provision of this chapter: (1) A retired member who has retired as other than a member of the Legislative Assembly and who is thereafter appointed or elected as a member of the Legislative Assembly may elect, by giving the Public Employees Retirement Board written notice, to receive the pension provided by this chapter for service as other than a member of the Legislative Assembly, and be an active member as a member of the Legislative Assembly for the purpose of service in the Legislative Assembly. A person may make an election under this subsection only if the person becomes an active member for the purpose of service in the Legislative Assembly as provided in ORS 237.650 (5). Notice of an election under this subsection must be given by the person not more than 30 days after the person takes office. (2) A member of the Legislative Assembly who is a member of the Public Employees Retirement System under this chapter as a member of the Legislative Assembly and who becomes eligible to retire by reason of service as other than a member of the Legislative Assembly, without regard to when that service was performed, may elect, by giving the board written notice, to retire and receive the pension provided by this chapter for service as other than a member of the Legislative Assembly, and to continue, for the purpose of service in the Legislative Assembly, as an active member as a member of the Legislative Assembly. (3) Upon receipt of the notice provided for in subsection (1) or (2) of this section, the board shall determine the member’s pension for nonlegislative service based on the number of years of nonlegislative service, and shall determine any additional pension to be received after the member subsequently retires based on the number of years of service in the Legislative Assembly. [2013 s.s. c.3 §11]
OR Rev Stat § 238A.300 (2021)
2021 Oregon Revised Statutes|Volume : 06 - Local Government, Public Employees, Elections|Chapter 238A - Oregon Public Service Retirement Plan|Section 238A.300 - Establishing membership under individual account program.

(1) Except as provided in ORS 238A.100 (2) and subsection (2) of this section, an eligible employee who is employed in a qualifying position on or after August 29, 2003, by a public employer that is participating in the individual account program and who will not receive benefits under ORS chapter 238 for service with the participating public employer pursuant to the provisions of ORS 238A.025 becomes a member of the individual account program on the first day of the month after the employee completes six full calendar months of employment. The six-month probationary period may not be interrupted by more than 30 consecutive working days. (2) An inactive member of the pension program who terminated membership in the individual account program pursuant to ORS 238A.310 (2) becomes a member of the individual account program immediately upon reemployment in a qualifying position. [2003 c.733 §29; 2011 c.722 §19]
OR Rev Stat § 238A.305 (2021)
2021 Oregon Revised Statutes|Volume : 06 - Local Government, Public Employees, Elections|Chapter 238A - Oregon Public Service Retirement Plan|Section 238A.305 - Persons establishing membership in system before August 29, 2003.

(1) Except as provided in subsection (2) of this section, all members of the Public Employees Retirement System who established membership in the Public Employees Retirement System before August 29, 2003, as described in ORS 238A.025 become members of the individual account program on January 1, 2004. (2) A member of the Public Employees Retirement System may not be a member of the individual account program during any period of time during which the member is required to make contributions to the system under ORS 238.200. (3) Solely for the purpose of determining the amount of the employee contribution for persons who become members of the individual account program under this section, whether paid by the employee or by the employer, the Public Employees Retirement Board shall use the definition of "salary" provided by ORS 238.005. [2003 c.733 §33; 2005 c.332 §17; 2007 c.769 §3]
OR Rev Stat § 238A.310 (2021)
2021 Oregon Revised Statutes|Volume : 06 - Local Government, Public Employees, Elections|Chapter 238A - Oregon Public Service Retirement Plan|Section 238A.310 - Termination of membership.

Membership under the individual account program terminates when: (1) A member dies; or (2) An inactive member receives a distribution of the vested accounts of the member under ORS 238A.375. [2003 c.733 §30]
OR Rev Stat § 238A.320 (2021)
2021 Oregon Revised Statutes|Volume : 06 - Local Government, Public Employees, Elections|Chapter 238A - Oregon Public Service Retirement Plan|Section 238A.320 - Vesting.

(1) A member of the individual account program becomes vested in the employee account established for the member under ORS 238A.350 (2) on the date the employee account is established. (2) A member who makes rollover contributions becomes vested in the rollover account established for the member under ORS 238A.350 (4) on the date the rollover account is established. (3) Except as provided in subsection (4) of this section, if an employer makes employer contributions for a member under ORS 238A.340 the member becomes vested in the employer account established under ORS 238A.350 (3) on the earliest of the following dates: (a) The date on which the member completes at least 600 hours of service in each of five calendar years. The five calendar years need not be consecutive, but are subject to the provisions of subsection (5) of this section. (b) The date on which an active member reaches the normal retirement age for the member under ORS 238A.160. (c) If the individual account program is terminated, the date on which termination becomes effective, but only to the extent the account is then funded. (d) The date on which an active member becomes disabled, as described in ORS 238A.155 (5). (e) The date on which an active member dies. (4) If on the date that a person becomes an active member the person has already reached the normal retirement age for the person under ORS 238A.160, and the employer makes employer contributions for the member under ORS 238A.340, the person is vested in the employer account established under ORS 238A.350 (3) on that date. (5) If a member of the individual account program who is not vested in the employer account performs fewer than 600 hours of service in each of five consecutive calendar years, hours of service performed before the first calendar year of the period of five consecutive calendar years shall be disregarded for purposes of determining whether the member is vested under subsection (3)(a) of this section. (6) Solely for purposes of determining whether a member is vested under subsection (3)(a) of this section, hours of service include creditable service, as defined in ORS 238.005, performed by the person before the person became an eligible employee, as long as the membership of the person under ORS chapter 238 has not been terminated under the provisions of ORS 238.095 on the date the person becomes an eligible employee. (7) A member becomes vested in the employee pension stability account established for the member under ORS 238A.353 on the date the employee pension stability account is established. [2003 c.733 §31; 2011 c.9 §27; 2011 c.722 §11; 2019 c.355 §6]
OR Rev Stat § 238A.335 (2021)
2021 Oregon Revised Statutes|Volume : 06 - Local Government, Public Employees, Elections|Chapter 238A - Oregon Public Service Retirement Plan|Section 238A.335 - Employer payment of employee contribution.

(1) A participating public employer may agree, by a written employment policy or by a collective bargaining agreement, to pay the employee contribution required under ORS 238A.330 (1). The policy or agreement need not include all members of the individual account program employed by the employer. (2) An agreement under this section may provide that: (a) Amounts be deducted from employee compensation to generate the funds needed to make employee contributions; or (b) Additional amounts be paid by the employer for the purpose of making employee contributions. (3) A participating public employer must give written notice to the Public Employees Retirement Board at the time that an agreement under subsection (1) of this section is adopted or changed. The notice must specifically indicate whether the agreement is as described in subsection (2)(a) or (b) of this section. An agreement under this section, and any change to an agreement under this section, applies only to employee contributions for pay periods beginning on or after the date that the notice is received by the board. (4) The board may charge a participating public employer accrued earnings for late payment of employee contributions made under this section. [2003 c.733 §34; 2019 c.355 §7; 2021 c.137 §2]
OR Rev Stat § 238A.340 (2021)
2021 Oregon Revised Statutes|Volume : 06 - Local Government, Public Employees, Elections|Chapter 238A - Oregon Public Service Retirement Plan|Section 238A.340 - Employer contributions.

(1) A participating public employer may agree, by a written employment policy or agreement, to make employer contributions for members of the individual account program employed by the employer. The percentage of salary paid as employer contributions may not be less than one percent of salary or more than six percent of salary, and must be a whole number. A participating public employer may make an agreement under this section for specific groups of employees employed by the public employer. (2) If a participating public employer makes employer contributions under this section and the member for which the contributions are made fails to vest in the employer account under the provisions of ORS 238A.320, the Public Employees Retirement Board shall apply the contributions in the employer account against other obligations of the employer under the Oregon Public Service Retirement Plan. (3) The board may charge a participating public employer accrued earnings for late payment of employer contributions made under this section. [2003 c.733 §36; 2021 c.137 §3]
OR Rev Stat § 238A.350 (2021)
2021 Oregon Revised Statutes|Volume : 06 - Local Government, Public Employees, Elections|Chapter 238A - Oregon Public Service Retirement Plan|Section 238A.350 - Individual accounts established.

(1) Upon any contributions being made to the individual account program by or on behalf of a member of the program, the Public Employees Retirement Board shall create the account or accounts described in this section. Each account shall be adjusted at least annually in accordance with rules adopted by the board to reflect any net earnings or losses on those contributions and to pay the reasonable administrative costs of maintaining the program to the extent the earnings on the assets of the program are insufficient to pay those costs. The adjustments described in this subsection shall continue until the account is distributed to the member or forfeited. (2)(a) The board shall establish an employee account, which shall consist of the employee contributions made by or on behalf of the member as adjusted under subsection (1) of this section. (b) The board shall create a separate employee account for a member who becomes an active member for the purpose of service in the Legislative Assembly under ORS 237.650, which shall consist of the employee contributions made by or on behalf of the member that are attributable to the member’s legislative service, as adjusted under subsection (1) of this section. (3) If the public employer agrees to make employer contributions under ORS 238A.340, the board shall establish an employer account, which shall consist of the employer contributions made on behalf of the member as adjusted under subsection (1) of this section. (4) If the board accepts rollover contributions on behalf of the member, the board shall establish a rollover account, which shall consist of the rollover contributions made by the member as adjusted under subsection (1) of this section. Contributions and the earnings attributable to the contributions must be accounted for separately. (5) The board shall provide an annual statement to each active and inactive member of the program that reflects the amount credited to the accounts established under this section. The statement shall reflect whether the member is vested in the employer account under the provisions of ORS 238A.320. [2003 c.733 §37; 2013 s.s. c.3 §13]
OR Rev Stat § 238A.353 (2021)
2021 Oregon Revised Statutes|Volume : 06 - Local Government, Public Employees, Elections|Chapter 238A - Oregon Public Service Retirement Plan|Section 238A.353 - Employee pension stability accounts established.

(1) The Public Employees Retirement Board shall establish an employee pension stability account for each active member of the Public Employees Retirement System. (2) Each account established under this section shall be adjusted at least annually in accordance with rules adopted by the board to reflect any net earnings or losses on the amounts in the account. The adjustments described in this subsection shall continue until the amounts in the account are withdrawn or applied against the costs of the pension or other retirement benefits that are payable to the member or the member’s beneficiary under this chapter or ORS chapter 238. (3)(a) Unless the amounts in an account established under this section are withdrawn under ORS 238A.375, the amounts in the account established under this section shall be applied by the board to pay the costs of the pension or other retirement benefits that are payable to the member or the member’s beneficiary under this chapter or ORS chapter 238 and that accrue on or after July 1, 2020. (b) If the amounts in the account established under this section exceed the costs of the pension or other retirement benefits that are payable to the member or the member’s beneficiary under this chapter or ORS chapter 238 and that accrue on or after July 1, 2020, the board shall refund the excess amounts in a lump sum to the member or the member’s beneficiary. [2019 c.355 §3] Note: 238A.353 was added to and made a part of ORS chapter 238A by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
OR Rev Stat § 238A.360 (2021)
2021 Oregon Revised Statutes|Volume : 06 - Local Government, Public Employees, Elections|Chapter 238A - Oregon Public Service Retirement Plan|Section 238A.360 - Rollover contributions; rules.

(1) The Public Employees Retirement Board may accept rollover contributions from a member of the individual account program or from an eligible retirement plan from which the member is entitled to an eligible rollover distribution. The board may accept rollover contributions under this section only if the amounts contributed qualify as eligible rollover distributions under the federal income tax laws governing tax-qualified retirement plans and, if the rollover contribution is made by the member, the contribution is paid to the individual account program within the time limits established by the federal income tax laws governing tax-qualified retirement plans. (2) The board shall adopt rules and establish procedures for determining whether to accept a rollover contribution under this section and shall require such documentation as may be necessary to ensure that the receipt of a rollover contribution does not jeopardize the status of the individual account program as a tax-qualified governmental plan. [2003 c.733 §38]
OR Rev Stat § 238A.370 (2021)
2021 Oregon Revised Statutes|Volume : 06 - Local Government, Public Employees, Elections|Chapter 238A - Oregon Public Service Retirement Plan|Section 238A.370 - Limitation on contributions; rules.

Notwithstanding any other provision of ORS 238A.300 to 238A.415, the annual addition to the employee and employer accounts of a member of the individual account program for a calendar year, together with the annual additions to the accounts of the member under any other defined contribution plan maintained by the participating public employer for a calendar year, may not exceed the lesser of $40,000, or 100 percent of the member’s compensation for that calendar year. For purposes of this section, "annual addition" has the meaning given that term in 26 U.S.C. 415(c)(2), as in effect on April 1, 2021, and "compensation" has the meaning given the term "participant’s compensation" in 26 U.S.C. 415(c)(3), as in effect on April 1, 2021. The Public Employees Retirement Board shall adopt rules for the administration of this limitation, including adjustments in the annual dollar limitation to reflect cost-of-living adjustments authorized by the Internal Revenue Service. [2003 c.733 §39; 2009 c.5 §6; 2009 c.909 §6; 2010 c.82 §6; 2011 c.7 §6; 2012 c.31 §6; 2013 c.377 §6; 2014 c.52 §6; 2015 c.442 §6; 2016 c.33 §7; 2017 c.527 §7; 2018 c.101 §7; 2019 c.319 §7; 2021 c.456 §8]
OR Rev Stat § 238A.375 (2021)
2021 Oregon Revised Statutes|Volume : 06 - Local Government, Public Employees, Elections|Chapter 238A - Oregon Public Service Retirement Plan|Section 238A.375 - Distribution of accounts to inactive member.

(1)(a) An inactive member of the individual account program may elect to receive a distribution of the amounts in the member’s employee account, rollover account, employer account and employee pension stability account to the extent the member is vested in those accounts under ORS 238A.320 if the inactive member: (A) Has a bona fide separation from all service with participating public employers; (B) Is not employed with, or has a bona fide separation from, all employers who are treated as part of a participating public employer’s controlled group under the federal laws and rules governing the status of the Public Employees Retirement System and the Public Employees Retirement Fund as a qualified governmental retirement plan and trust; and (C) Has not attained earliest retirement age. (b) The board shall deny the distribution, or take all steps necessary to recover distributed amounts, if the board determines that the member’s separation is not a bona fide separation. (2) If an inactive member of the individual account program who is not vested in the employer account receives a distribution under subsection (1) of this section, the employer account of the member is permanently forfeited as of the date of the distribution. (3) A member may not make an election under this section for less than all of the member’s individual accounts described in ORS 238A.350, and the member’s employee pension stability account described in ORS 238A.353, in which the member is vested. (4) A member who is also a member of the pension program established under this chapter and who withdraws the member’s accounts under this section cancels all membership rights in the system. (5) A member who has a member account established under ORS chapter 238 may make an election under this section only if the member also withdraws that member account in the manner provided by ORS 238.265. A member who has an account established under ORS 238.440 may make an election under this section only if the member also withdraws the account established under ORS 238.440. (6) If an inactive member receives a distribution under subsection (1) of this section and is subsequently reemployed by a participating public employer, any service performed before the date the member became an inactive member may not be used toward the period of service required for vesting in the employer account under ORS 238A.320. [2003 c.733 §40; 2005 c.152 §3; 2007 c.52 §3; 2019 c.355 §8; 2021 c.135 §5]
OR Rev Stat § 238A.415 (2021)
2021 Oregon Revised Statutes|Volume : 06 - Local Government, Public Employees, Elections|Chapter 238A - Oregon Public Service Retirement Plan|Section 238A.415 - Credit for service in uniformed services; rules.

(1) Notwithstanding any other provision of ORS 238A.300 to 238A.415, an eligible employee who leaves a qualifying position for the purpose of performing service in the uniformed services, and who subsequently returns to employment with a participating public employer with reemployment rights under federal law, is entitled to credit toward the probationary period required by ORS 238A.300, credit toward the vesting requirements of ORS 238A.320 and contributions under rules adopted by the Public Employees Retirement Board pursuant to subsection (2) of this section. (2) The board shall adopt rules establishing contributions and service credit for any period of service in the uniformed services by an employee described in subsection (1) of this section. For the purpose of adopting rules under this subsection, the board shall consider and take into account all federal law relating to benefits and service credit for any period of service in the uniformed services, including 26 U.S.C. 414(u), as in effect on April 1, 2021. Contributions and service credit under rules adopted by the board pursuant to this subsection may not exceed contributions and service credit required under federal law for periods of service in the uniformed services. [2003 c.733 §43; 2009 c.5 §9; 2009 c.909 §9; 2010 c.82 §9; 2011 c.7 §9; 2012 c.31 §9; 2013 c.377 §9; 2014 c.52 §9; 2015 c.442 §9; 2016 c.33 §10; 2017 c.527 §10; 2018 c.101 §10; 2019 c.319 §10; 2021 c.456 §11]
OR Rev Stat § 238A.420 (2021)
2021 Oregon Revised Statutes|Volume : 06 - Local Government, Public Employees, Elections|Chapter 238A - Oregon Public Service Retirement Plan|Section 238A.420 - Investment options under individual account program; rules.

(1) Except as provided in subsection (5) of this section, the Public Employees Retirement Board, in consultation with the office of the State Treasurer, shall adopt rules providing that if the Oregon Investment Council invests the assets of the individual account program in multiple risk categories depending on the characteristics of an individual member, a member of the individual account program may elect to have the moneys in the member’s individual accounts established under ORS 238A.350 deposited into an investment option approved by the council. (2) A member may make an election under this section once per calendar year. The board shall establish by rule the date by which a member must make an election under this section in order for the election to become effective on January 1 of the following calendar year. (3) The board shall give each member of the individual account program a disclosure statement in writing that contains information regarding the investment options approved under this section, including the risk and return characteristics of the investment options, that members should consider when making an investment decision for their funds. (4) The board may adopt rules as necessary to implement this section, which may include rules to create a separate trust or subtrust to hold moneys that are subject to members’ investment choice and direction, but the council and the office of the State Treasurer retain authority over investment decisions required to implement this section. (5) The board may not adopt rules under subsection (1) of this section that violate state or federal laws or regulations. [2018 c.118 §2; 2019 c.355 §29]
OR Rev Stat § 238A.422 (2021)
2021 Oregon Revised Statutes|Volume : 06 - Local Government, Public Employees, Elections|Chapter 238A - Oregon Public Service Retirement Plan|Section 238A.422 - Limitation of liability.

The state, the State Treasurer, the Oregon Investment Council and the Public Employees Retirement Board, and their officers or employees, are not liable in a civil action or otherwise, for any losses suffered by a member because of a member’s election of an investment option under ORS 238A.420. [2019 c.355 §32]