Oregon Revised Statutes Chapter 238 § 238.105 — to 238.175 before July 1, 2003. The account balance shall include all

to 238.175 before July 1, 2003. The account balance shall include all employee contributions made by or on behalf of the member as of June 30, 2003, and earnings on those contributions as of June 30, 2003, credited in the manner provided by board rules in effect on May 9, 2003, governing crediting of earnings upon retirement of a member. The board shall then calculate the retirement allowance selected by the member under ORS 238.300, 238.305, 238.320 or 238.325, using all calculations applicable to the member under ORS 238.300 (2), except that: (a) The board shall use the actuarial equivalency factor tables in effect on June 30, 2003, for the purpose of all calculations using actuarial equivalency factor tables; and (b) The board shall use the years of service, account balance and final average salary established by the board under this subsection for the member as of June 30, 2003. (4) The board need not perform the calculations described in subsections (2) and (3) of this section for a member if the board actuarially determines that one of the calculations described in subsection (2) or (3) of this section necessarily provides the highest amount. (5) Any monthly payments to be made to a death beneficiary under ORS 238.390, 238.395 or