[Previous] [Next]
§47-2-307.1.
§47-2-307.1.
A. A member may receive service credit for not to exceed five (5)
years of participating service accumulated by the member while an
employee of a state agency if the member is not receiving or eligible
to receive retirement benefits or credit for said service from the
Oklahoma Public Employees Retirement System. To receive credit for
said service prior to January 1, 1991, the employee and employer
contributions for those years of service and interest of not to exceed
five percent (5%) as determined by the Board shall be paid to the
Board. Effective January 1, 1991, to receive credit for said service,
the member shall pay the amount determined by the Board of Trustees
pursuant to Section 19 of Enrolled Senate Bill No. 810 of the 2nd
Session of the 42nd Oklahoma Legislature. Such service credit shall
not be used in determining the eligibility of the member for
retirement based upon length of service.
B. To receive credit for such service:
1. a member who became a member of the system prior to July 1, 1988,
shall make application to the Board for such service prior to January
1, 1989; and
2. a member who becomes a member of the system after June 30, 1988,
shall make application to the Board for such service within two (2)
years of the date the member became a member of the system.
[Previous] [Next]