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Current as of January 01, 2023 | Updated by Findlaw Staff
(1) Except as provided in subsections (2) and (3) of this section, normal retirement age for a member of the pension program is the earlier of:
(a) 65 years of age; or
(b) 58 years of age if the member has 30 years or more of retirement credit.
(2) Normal retirement age for a member of the pension program who retires from service as a police officer or firefighter, and who has held a position as a police officer or firefighter continuously for a period of not less than five years immediately preceding the effective date of retirement, is the earlier of:
(a) 60 years of age; or
(b) 53 years of age if the member has 25 years or more of retirement credit.
(3) Normal retirement age for a member of the pension program who retires from service as a school employee as defined by ORS 238A.140 is the earlier of:
(a) 65 years of age; or
(b) 58 years of age if the member has been an active member in 30 or more calendar years.
(4) The normal retirement date of a member is the first day of the month beginning on or after the date the member reaches normal retirement age.
Cite this article: FindLaw.com - Oregon Revised Statutes Public Officers and Employees § 238A.160 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-22-public-officers-and-employees/or-rev-st-sect-238a-160/
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