Oregon — State Statute

Oregon Revised Statutes Chapter 238 § 238.405 — for a member who dies on or after May 9, 2003, shall be calculated

Oregon Revised Statutes Chapter 238 ·
Oregon Code § 238.405 · Enacted · Last updated March 01, 2026
Statute Text
for a member who dies on or after May 9, 2003, shall be calculated using the actuarial equivalency factor tables that are in effect on the date that the first payment is due to the death beneficiary. (6) This section and section 2, chapter 68, Oregon Laws 2003 [238.607], do not apply to the calculation of the retirement allowance and surviving spouse pension of a person who is a judge member on June 30, 2003, and who makes an election under ORS 238.565 (4). The board shall use the actuarial equivalency factor tables in effect on June 30, 2003, for the purpose of calculating the retirement allowance and surviving spouse pension of a person who is a judge member on June 30, 2003, and who makes an election under ORS 238.565 (4), whether that election is made before, on or after June 30, 2003. [2003 c.67 §40; 2003 c.68 §4; 2003 c.625 §16]
Plain English Explanation
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