ADMINISTRATIVE RULE NO: 6115-01
RELATED TO POLICY NO: 6115-01
TITLE: ELIGIBILITY FOR PUBLIC EMPLOYEES RETIREMENT SYSTEM
To clarify the service requirements for eligibility in the Oregon PERS and OPSRP retirement systems, and to clarify the levels of college contribution to those systems on behalf of eligible employees.
All college employees are subject to the provisions of the Oregon Public Employees Retirement System (PERS) and state and federal laws.
PERS is the state retirement plan for employees who were already active members of PERS and began working for a PERS employer prior to August 29, 2003.
OPSRP is the state retirement plan for employees hired August 29, 2003, or after who work at least 600 hours per year. Tier One or Tier Two PERS members who have a six- month service break from PERS employment lose eligibility for the PERS retirement plan and gain eligibility for the OPSRP plan.
An individual must work for a qualifying PERS employer(s) for six (6) months prior to being eligible for membership in the Oregon Public Service Retirement Plan (OPSRP). If an individual is employed by any combination of PERS employers, including Linn- Benton Community College, and works a cumulative total of 600 hours in a calendar year, membership contributions will begin in the first pay period following a six-month waiting period. The 6% membership contribution will be contributed by the college for all qualified non-bargaining employees each pay period and submitted to the employee’s Individual Account Program (IAP).
However, if an individual is currently a member of PERS or OPSRP at the time of employment with the college and they have already worked at least 600 hours that calendar for another PERS employer, contributions/deductions will begin as soon as s/he is employed.
PERS and OPSRP retirement hours are determined by hours worked. Work performed on an hourly basis will have one hour counted toward PERS or OPSRP retirement for each hour worked. Work performed on a workload credit equivalent basis will have hours counted toward PERS or OPSRP retirement according to the following formula: 2 hours times the number of weeks per term, times the workload credit equivalent factor. Nothing in this rule shall be interpreted as a change in pay policy. It is intended exclusively as a method for interpreting eligibility for PERS or OPSRP membership on a uniform basis.
BARGAINING UNIT EMPLOYEES
Payment of PERS contributions for employees subject to collective bargaining agreements shall be governed by the respective agreements; failing such provisions, Board policy and subsequent administrative rules shall apply.
DATE OF ADOPTION: 05/12/87
DATE (S) OF REVISION(S): 04/15/03; 06/19/07; 10/17/11; 01/05/17; 1/10/18
DATE OF LAST REVIEW: 04/15/03; 06/19/07; 10/17/11; 01/05/17; 1/10/18