Oregon Law
Law as of Jan 1, 2026
Chapter contents
238A.005Definitions 238A.010[2003 c.733 §1a; repealed by 2025 c.49 §8] 238A.025Oregon Public Service Retirement Plan established 238A.030Information technology system 238A.050Oregon Public Service Retirement Plan part of Public Employees Retirement System 238A.070Participation generally 238A.100Establishing membership under pension program 238A.110Termination of membership 238A.115Vesting 238A.117Vesting of member killed in course and scope of employment 238A.120Withdrawal from pension program by vested inactive member 238A.125Amount of pension; rules 238A.130Final average salary; rules 238A.132Shared work benefits to be treated as salary 238A.134Treatment of chaplain’s housing allowance 238A.140Accrual of retirement credit 238A.142Accrual by academic employees of community college 238A.145Loss of retirement credit 238A.150Retirement credit for service in uniformed services; rules 238A.155Retirement credit for periods of disability 238A.157[2005 c.332 §12; repealed by 2007 c.769 §7] 238A.160Normal retirement age; normal retirement date 238A.165Earliest retirement age; earliest retirement date 238A.170Latest retirement date; required minimum distributions; rules 238A.180Normal retirement benefit 238A.185Early retirement 238A.190Survivorship benefits 238A.195Cash out of small benefits 238A.200Actuarial equivalency factor tables 238A.210Cost-of-living adjustment 238A.220Employer contributions 238A.230Death benefit; rules 238A.235Disability benefit 238A.237Timeline for referral of contested case to dispute denial of application for disability benefits 238A.240Funding of disability benefit 238A.245Reemployment after commencement of pension benefits 238A.250Option of legislators to receive certain benefits 238A.300Establishing membership under individual account program 238A.305Persons establishing membership in system before August 29, 2003 238A.310Termination of membership 238A.320Vesting 238A.330Employee contributions 238A.335Employer payment of employee contribution 238A.340Employer contributions 238A.350Individual accounts established 238A.353Employee pension stability accounts established 238A.360Rollover contributions; rules 238A.370Limitation on contributions; rules 238A.375Distribution of accounts to inactive member 238A.400Payment of accounts at retirement; rules 238A.410Death benefits; rules 238A.415Credit for service in uniformed services; rules 238A.420Investment options under individual account program; rules 238A.422Limitation of liability 238A.430Direct rollovers; rules 238A.435Distribution of death benefit as rollover distribution 238A.450Rules for Oregon Public Service Retirement Plan 238A.460Limitation on powers of board, director and staff 238A.465Legislative intent relating to increased benefits 238A.470Contract rights under Oregon Public Service Retirement Plan 238A.475Application of legislative changes to legislators

Chapter 238A — Oregon Public Service Retirement Plan

ORS 238A.180 Normal retirement benefit

Upon retiring on normal retirement date or thereafter, a member of the pension program who is vested shall be paid an annual pension for the life of the member, calculated as provided in ORS 238A.125. The annual pension provided for under this section shall be paid in equal monthly installments, payable as of the first day of each calendar month, beginning on the later of the member’s normal retirement date or the member’s effective date of retirement and ending on the first day of the month in which the member dies.

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