Oregon Statutes 238A.160 – Normal retirement age; normal retirement date
(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)(a) Normal retirement age for a member of the pension program who retires from service as a police officer or firefighter, and whose last 60 months of retirement credit preceding retirement eligibility under this section is classified as retirement credit for service as a police officer or a firefighter, 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.
(b) A member who establishes retirement eligibility under this subsection retains retirement eligibility as a police officer or firefighter, even if the member performs service thereafter only as other than a police officer or firefighter.
(c) A period of leave from a position as a police officer or firefighter for which a member is entitled to retirement credit for service as a police officer or firefighter and which is part of the member’s last 60 months of retirement credit preceding retirement eligibility under this section shall be counted as part of the last 60 months of retirement credit required for retirement eligibility under this section.
(d) Retirement credit for a month in which a member performs service as both a police officer or firefighter and as other than a police officer or firefighter shall be classified as retirement credit for service as a police officer or firefighter for purposes of this section.
(e) A member employed as a police officer or firefighter is not required to restart the last 60 months of retirement credit required for retirement eligibility under this section when the member:
(A) Is on unpaid leave from the member’s position as a police officer or firefighter and is receiving insurance payments for short-term or long-term disability for which retirement credit is not available under ORS § 238A.155; and
(B) Is concurrently employed and performing service as other than a police officer or firefighter.
(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. [2003 c.733 § 15; 2005 c.808 § 35; 2023 c.404 § 18]