Okla. Stat. tit. 47, § 47-2-314

universities.

A. The Board of Regents of the University of Oklahoma and/or

the Board of Regents for the Oklahoma Agricultural and Mechanical

Colleges may make an irrevocable written election for the University

of Oklahoma and/or Oklahoma State University to become participating

employers in the Oklahoma Law Enforcement Retirement System for

police officers who are CLEET certified and employed by the

University of Oklahoma and/or Oklahoma State University. The Board

of Regents of the University of Oklahoma and/or the Board of Regents

for the Oklahoma Agricultural and Mechanical Colleges shall send

written notice of the election to the Oklahoma Law Enforcement

Retirement System.

B. Beginning the following month after the System receives the

written notice, the University of Oklahoma and/or Oklahoma State

University and all active police officers who are CLEET certified

and hired on or after the date of the election shall participate in

and make contributions to the System as other participating

employers and members of the System.

C. Upon election by the Board, pursuant to subsection A of this

section, active CLEET certified police employed prior to the date of

the election and who were participating in the Teachers’ Retirement

System of Oklahoma, may, within three (3) months of the date of the

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election, make an irrevocable written election to participate in the

Oklahoma Law Enforcement Retirement System and file the written

election with the Teachers’ Retirement System of Oklahoma and the

Oklahoma Law Enforcement Retirement System. Such police officers

who make the election to transfer shall be transferred to the

Oklahoma Law Enforcement Retirement System subject to the following:

1. Upon the date of election of the police officer, the police

officer shall cease accruing benefits in the Teachers’ Retirement

System of Oklahoma and shall commence accruing benefits in the

Oklahoma Law Enforcement Retirement System;

2. Prior to the beginning of the month following receipt of the

police officers’ election by Teachers’ Retirement System of

Oklahoma, the Teachers’ Retirement System of Oklahoma shall transfer

to the Oklahoma Law Enforcement Retirement System all employee

contributions and employer contributions plus accrued interest. The

Teachers’ Retirement System of Oklahoma shall also send to the

Oklahoma Law Enforcement Retirement System the retirement records of

the transferring police officer;

3. To receive service credit accrued by such police officer

prior to the election, or prior to the date as of which the person

making the election ceases to be a member of the Teachers’

Retirement System of Oklahoma, whichever date occurs last, the

member shall pay the difference between the amount transferred by

the Teachers’ Retirement System of Oklahoma to the Oklahoma Law

Enforcement Retirement System in paragraph 2 of this subsection and

the amount determined by the Board of Trustees pursuant to Section

2-307.5 of Title 47 of the Oklahoma Statutes. The police officer

shall elect to either pay any difference to receive full credit for

the years sought to be transferred or receive prorated service

credit for only the amount received from the Teachers’ Retirement

System of Oklahoma pursuant to this subsection. Payments made by

electing police officers pursuant to this paragraph shall be made

pursuant to subsection B of Section 2-307.5 of Title 47 of the

Oklahoma Statutes;

4. Service credit accrued by a police officer while a member of

the Teachers’ Retirement System of Oklahoma shall be treated as

credited service for such transferring police officer in the

Teachers’ Retirement System of Oklahoma if the police officer is not

receiving or eligible to receive service credit or benefits from

said service in any other public retirement system and the member

has not received service credit for the same years of service
mber of

the Teachers’ Retirement System of Oklahoma shall be treated as

credited service for such transferring police officer in the

Teachers’ Retirement System of Oklahoma if the police officer is not

receiving or eligible to receive service credit or benefits from

said service in any other public retirement system and the member

has not received service credit for the same years of service

pursuant to Sections 2-307.1, 2-307.3 and 2-307.4 of Title 47 of the

Oklahoma Statutes. Provided further, that only transferred credited

service related to police service with the University of Oklahoma or

Oklahoma State University shall be included in the determination of

a police officer’s normal retirement date or vesting date; and

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5. All service credit with the Teachers’ Retirement System of

Oklahoma which is ineligible for transfer to the Oklahoma Law

Enforcement Retirement System shall be canceled.

D. Upon election by the Board, pursuant to subsection A of this

section, active CLEET certified police officers employed prior to

the date of the election and who were not participating in the

Teachers’ Retirement System of Oklahoma, may, within three (3)

months of the date of the election, make an irrevocable written

election to participate in the Oklahoma Law Enforcement Retirement

System and file the written election with the Oklahoma Law

Enforcement Retirement System. Beginning the following month after

the System for such police officers receives the police officer’s

written election, the University of Oklahoma and/or Oklahoma State

University and the electing police officer shall participate and

make contributions to the System as other participating employers

and members of the System.