Oregon State Treasury
Chapter 170
Division 80
OREGON RETIREMENT SAVINGS PROGRAM
170-080-0040
Distributions and Distribution Requests
(1) A Participating Employee, Participating Individual, or Beneficiary may request a Distribution of all or a portion of funds from a Program Roth or Traditional IRA at any time by submitting a completed distribution request to the Program Administrator, in a form or format established by the Program and permitted by the IRS.
(2) A Program IRA Distribution shall be subject to any applicable state and federal income tax obligations and may be subject to penalties under the Code.
Statutory/Other Authority: ORS 178.215(7)
Statutes/Other Implemented: ORS 178.200–178.245
History:
OST 3-2018, amend filed 10/11/2018, effective 10/19/2018
OST 3-2017, f. & cert. ef. 4-19-17