Okla. Stat. tit. 11, § 11-50-111.2
This is the official text of Okla. Stat. tit. 11, § 11-50-111.2, 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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Transfer of credited service from or to other
Official statutory text
retirement system.
A. A member of the Oklahoma Police Pension and Retirement
System may receive up to five (5) years of credited service
accumulated by the member while a member of the Oklahoma
Firefighters Pension and Retirement System, the Oklahoma Law
Enforcement Retirement System, the Teacher's Retirement System of
Oklahoma, the Oklahoma Public Employees Retirement System or a
county retirement system created pursuant to Section 951 of Title 19
of the Oklahoma Statutes or an Oklahoma municipal retirement system,
if the member is not receiving or eligible to receive retirement
credit or benefits from said service in any other public retirement
system. The member shall decide the number of years of credited
service, not to exceed five (5) years, to purchase. The State Board
shall determine the amount for the purchase pursuant to Section 50-
111.4 of this title. The amount may be paid through a trustee-to-
trustee transfer to the Oklahoma Police Pension and Retirement
System from another system designated in this section, and/or
through payments made by the member. The transferred credited
service of the member from another retirement system pursuant to
this section shall not alter the member's normal retirement date or
vesting requirements. The transferred credited service will be
added after the member reaches normal retirement date or vesting
date.
B. The Oklahoma Police Pension and Retirement System shall
transfer credited service to another Oklahoma state retirement
system upon request of former members. Upon transfer, the former
member shall have forfeited all rights in the Oklahoma Police
Pension and Retirement System. Employee and city contributions of
the former municipal retirement systems prior to January 1, 1981,
are not transferable.
A. A member of the Oklahoma Police Pension and Retirement
System may receive up to five (5) years of credited service
accumulated by the member while a member of the Oklahoma
Firefighters Pension and Retirement System, the Oklahoma Law
Enforcement Retirement System, the Teacher's Retirement System of
Oklahoma, the Oklahoma Public Employees Retirement System or a
county retirement system created pursuant to Section 951 of Title 19
of the Oklahoma Statutes or an Oklahoma municipal retirement system,
if the member is not receiving or eligible to receive retirement
credit or benefits from said service in any other public retirement
system. The member shall decide the number of years of credited
service, not to exceed five (5) years, to purchase. The State Board
shall determine the amount for the purchase pursuant to Section 50-
111.4 of this title. The amount may be paid through a trustee-to-
trustee transfer to the Oklahoma Police Pension and Retirement
System from another system designated in this section, and/or
through payments made by the member. The transferred credited
service of the member from another retirement system pursuant to
this section shall not alter the member's normal retirement date or
vesting requirements. The transferred credited service will be
added after the member reaches normal retirement date or vesting
date.
B. The Oklahoma Police Pension and Retirement System shall
transfer credited service to another Oklahoma state retirement
system upon request of former members. Upon transfer, the former
member shall have forfeited all rights in the Oklahoma Police
Pension and Retirement System. Employee and city contributions of
the former municipal retirement systems prior to January 1, 1981,
are not transferable.
Status: in_force · Read it on the official government site
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