Cash out of small benefits
If the monthly pension benefit payable to a member of the pension program under ORS 238A.180 (Normal retirement benefit) is less than $200, or the monthly death benefit payable to the beneficiary of a deceased member under ORS 238A.230 (Death benefit) is less than $200, the Public Employees Retirement Board shall convert the benefit into a lump sum that represents the actuarial equivalent of the present value of the pension or death benefit and pay that amount to the member or the deceased member’s beneficiary in lieu of a pension or death benefit under ORS 238A.100 (Establishing membership under pension program) to 238A.250 (Option of legislators to receive certain benefits). [2003 c.733 §21]
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.