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  • Notice Of Separation From A Pers-covered Position - State Of Oregon - Oregon

Get Notice Of Separation From A Pers-covered Position - State Of Oregon - Oregon

Instructions for preparation of form 459-309a Separation from PERS-Covered Position Note: Salary and contributions should not include previously reported dollars from prior separations in effective.

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Generally, distributions will be processed within 3 business days of your request.

Distribution election When you retire as a PERS Tier One, Tier Two, or OPSRP member, you must also apply for IAP retirement. You can receive your distribution as a one-time lump-sum payment or installment payments over 5, 10, 15, or 20 years or as an Anticipated Life Span Option distribution.

Q: Can PERS retirees move out of state and avoid Oregon income taxes? A: Yes. Oregon does not collect income taxes from retirees who have established residency outside the state, but they are subject to the tax rates imposed by their home state or country.

If you lose or quit your job At that point, you should contact PERS to apply for a withdrawal, as your account will stop earning interest. If you leave covered employment without being vested and do not return to covered employment within five years, you lose PERS membership.

PERS will not issue a withdrawal check until you have completed the bona-fide separation period. If PERS issues a withdrawal and later discovers the above criteria were not met, you must return the withdrawn amount(s) for redeposit into your Tier One/Tier Two, EPSA, and IAP account(s).

Work for five years in a PERS-qualifying position for at least 600 hours per year. The years do not need to be consecutive, but you cannot have a gap in qualifying employment of more than five years. Work in a qualifying position on or after reaching normal retirement age, which is 65 for general service.

You can withdraw from membership if you are not yet eligible for retirement. Member Services toll free at 888-320-7377 for the AP withdrawal application. — The first day of the second calendar month following the calendar month in which you terminated employment with all PERS employers.

To vest in your pension, you must do one of two things: Work for five years in a PERS-qualifying position for at least 600 hours per year. The years do not need to be consecutive, but you cannot have a gap in qualifying employment of more than five years.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232