Oregon Revised Statutes Chapter 238 § 238.400 — Payment upon death of retired member who dies before time expires to make

Payment upon death of retired member who dies before time expires to make election to change retirement benefits. If a member of the system, who has attained normal retirement age and has retired from service, dies prior to the expiration of the time an election could be made by the member to change the member’s service retirement benefit option under ORS 238.305, and the records of the Public Employees Retirement Board indicate that the member’s surviving spouse is the member’s beneficiary under ORS 238.390, the surviving spouse may, not more than 60 days after the date of the death of such deceased member, elect to receive the amount referred to in ORS 238.390, or elect Option 2 or Option 3 under ORS