2019 Oregon Revised Statutes
Volume : 06 - Local Government, Public Employees, Elections
Chapter 238 - Public Employees Retirement System
Section 238.105 - Restoration of credit forfeited by reason of termination of membership.
(1) Whenever, within five years after the employee is separated from all service entitling the employee to membership in the Public Employees Retirement System, an employee who has withdrawn the amount credited to the member account of the member reenters the service of an employer participating in the system, the employee’s rights in the system that were forfeited by the withdrawal shall be restored upon repaying to the Public Employees Retirement Board within one year after reentering the service of the employer, the full amount so withdrawn together with the interest that would have been accumulated on the sum had the amount not been withdrawn.
(2) Restoration of rights under this section does not affect any forfeiture of rights of a person by reason of:
(a) Withdrawal of an account established under ORS 238.440; or
(b) Withdrawal of individual accounts pursuant to ORS 238A.375. [Formerly 237.111 (3); 2001 c.945 §37; 2007 c.52 §4; 2019 c.355 §10]
Note: The amendments to 238.105 by section 10, chapter 355, Oregon Laws 2019, become operative July 1, 2020. See section 60, chapter 355, Oregon Laws 2019. The text that is operative until July 1, 2020, is set forth for the user’s convenience.
(1) Whenever, within five years after the employee is separated from all service entitling the employee to membership in the system, an employee who has withdrawn the amount credited to the member account of the member reenters the service of an employer participating in the system, the employee’s rights in the system that were forfeited by the withdrawal shall be restored upon repaying to the board within one year after reentering the service of the employer, the full amount so withdrawn together with the interest that would have been accumulated on the sum had the amount not been withdrawn.
(2) Restoration of rights under this section does not affect any forfeiture of rights of a person by reason of:
(a) Withdrawal of an account established under ORS 238.440;
(b) Withdrawal from the pension program under ORS 238A.120; or
(c) Withdrawal of individual accounts pursuant to ORS 238A.375.
