Oregon Code § 238.607·Enacted ·Last updated March 01, 2026
Statute Text
Actuarial equivalency factor tables.
(1) Once every two calendar years, the Public Employees Retirement Board shall
adopt actuarial equivalency factor tables for the purpose of computing the
payments to be made to members and their beneficiaries, alternate payees and
judge members and their spouses and beneficiaries. The tables may be adopted in
conjunction with the system evaluation required by ORS 238.605. Tables adopted
under this section must use the best actuarial information on mortality
available at the time the board adopts the tables, as provided by the actuary
engaged by the board. Actuarial equivalency factor tables adopted under this
section become effective on January 1 of the calendar year following adoption
of the tables by the board. All computations of payments must use the actuarial
equivalency factor tables that are in effect on:
(a) The effective
date of retirement for any member, judge member or alternate payee;
(b) The date that
the first payment is due for any death beneficiary; or
(c) The date that
the first payment is due for any recalculation of payments that is not
attributable to error, including but not limited to recalculations under ORS