Okla. Stat. tit. 11, § 11-50-107
This is the official text of Okla. Stat. tit. 11, § 11-50-107, part of Oklahoma’s Stat. tit. 11, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 11,." Browse the sections below, each linked to its official government source.
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Custody and disbursement of pension funds - Refund for
Official statutory text
overpayment.
A. All monies provided for the Fund of the System by this
article, or by appropriation by any municipality, or by contribution
from members, shall be paid over to and received by the State Board
for the use and benefit of the System to be disbursed and handled as
provided in this article.
B. Should any error in any records of the Oklahoma Police
Pension and Retirement System result in any payee receiving more or
less than the payee would have been entitled had the records been
correct, the State Board shall correct such error and shall pay any
underpayments or recover any overpayments. An error does not
include a member's failure to submit required documents, including
proof of military service, prior to the effective date of
retirement, which date includes the member's entry into the Oklahoma
Police Deferred Option Plan. If a member submits documents after
the effective date of retirement, no adjustment in retirement
benefits shall be made.
Oklahoma Statutes - Title 11. Cities and Towns Page 628
C. Should more than the amount of a participating municipality
or member contributions be paid to the System by a participating
municipality through a mistake of fact, the System shall refund the
amounts paid to the participating municipality within one year after
the date on which the mistaken contribution was made. The System
shall not pay the participating municipality earnings attributable
to such contribution but shall reduce the amount returned to the
participating municipality pursuant to this subsection by the amount
of losses attributable to such contribution.
A. All monies provided for the Fund of the System by this
article, or by appropriation by any municipality, or by contribution
from members, shall be paid over to and received by the State Board
for the use and benefit of the System to be disbursed and handled as
provided in this article.
B. Should any error in any records of the Oklahoma Police
Pension and Retirement System result in any payee receiving more or
less than the payee would have been entitled had the records been
correct, the State Board shall correct such error and shall pay any
underpayments or recover any overpayments. An error does not
include a member's failure to submit required documents, including
proof of military service, prior to the effective date of
retirement, which date includes the member's entry into the Oklahoma
Police Deferred Option Plan. If a member submits documents after
the effective date of retirement, no adjustment in retirement
benefits shall be made.
Oklahoma Statutes - Title 11. Cities and Towns Page 628
C. Should more than the amount of a participating municipality
or member contributions be paid to the System by a participating
municipality through a mistake of fact, the System shall refund the
amounts paid to the participating municipality within one year after
the date on which the mistaken contribution was made. The System
shall not pay the participating municipality earnings attributable
to such contribution but shall reduce the amount returned to the
participating municipality pursuant to this subsection by the amount
of losses attributable to such contribution.
Status: in_force · Read it on the official government site
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