Okla. Stat. tit. 2, § 2-5-60.35

System – Employer contributions – Accumulated annual leave and sick

leave.

A. If a statutory commodity producers board becomes a successor

organization, all persons employed by a statutory commodity

producers board prior to the date of approval by the Commissioner

shall remain members of the Oklahoma Public Employees Retirement

System until retirement or termination, at the election of the

employee.

B. For all employees who remain members of the Oklahoma Public

Employees Retirement System pursuant to subsection A of this

section, the successor organization shall pay the required employer

contributions applicable to the participating employers in the

Oklahoma Public Employees Retirement System pursuant to Section 920

of Title 74 of the Oklahoma Statutes and the employee shall continue

to pay employee contributions as required by Section 919.1 of Title

74 of the Oklahoma Statutes.

C. All employees of a statutory commodity producers board who

remain members of the Oklahoma Public Employees Retirement System

pursuant to subsection A of this section shall continue to be

eligible employees for purposes of Sections 901 through 932 of Title

74 of the Oklahoma Statutes. The successor organization shall be

considered a participating employer, as defined by paragraph (25) of

Section 902 of Title 74 of the Oklahoma Statutes only for such

employees.

D. No person initially employed by the successor organization

after the date of approval by the Commissioner shall be allowed to

participate in the Oklahoma Public Employees Retirement System

during the term of their employment with the successor organization,

Oklahoma Statutes - Title 2. Agriculture Page 205

regardless of whether that employee was previously employed by a

participating employer in the Oklahoma Public Employees Retirement

System.

E. 1. All annual leave and sick leave accumulated prior to the

date of approval by the Commissioner, by an employee who remains a

member of the Oklahoma Public Employees Retirement System pursuant

to subsection A of this section will be recognized by the successor

organization, subject to all accrual limitations in the Oklahoma

Statutes.

2. Beginning on the date of approval by the Commissioner,

employees of the successor organization shall not accrue annual

leave and sick leave pursuant to Section 840-2.20 of Title 74 of the

Oklahoma Statutes, but may accrue annual leave and sick leave

according to a policy established by the successor organization at a

rate not to exceed that of state employees under Title 74 of the

Oklahoma Statutes.

3. The total participating service credit of a member who

retires or terminates employment and elects a vested benefit shall

include unused sick leave not to exceed the limitation imposed by

paragraph 7 of subsection B of Section 913 of Title 74 of the

Oklahoma Statutes. If unused sick leave entitles a member to an

additional year of service credit, the successor organization shall

reimburse the System for the cost of funding the additional reserve.

The successor organization shall provide the System with adequate

and timely information necessary to determine additional benefits

and its cost under this paragraph.