Upon retiring on normal retirement date or thereafter, a member of the pension program who is vested shall be paid an annual pension for the life of the member, calculated as provided in ORS 238A.125. The annual pension provided for under this section shall be paid in equal monthly installments, payable as of the first day of each calendar month, beginning on the later of the member’s normal retirement date or the member’s effective date of retirement and ending on the first day of the month in which the member dies. [2003 c.733 §18]
Section: Previous 238A.145 238A.150 238A.155 238A.157 238A.160 238A.165 238A.170 238A.180 238A.185 238A.190 238A.195 238A.200 238A.210 238A.220 238A.230 NextLast modified: August 7, 2008