Okla. Stat. tit. 70, § 70-17-104
This is the official text of Okla. Stat. tit. 70, § 70-17-104, part of Oklahoma’s Stat. tit. 70, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 70,." Browse the sections below, each linked to its official government source.
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Credit for years of service — Prior service credits
Official statutory text
A. The Board of Trustees of the Teachers’ Retirement System of
Oklahoma shall fix and determine by appropriate rules and
regulations how much service in any year is equivalent to one (1)
year of service, but in no case shall more than one (1) year of
service be creditable for all services in one (1) school year.
Service rendered for a regular school year shall be equivalent to
one (1) year of service.
B. If a member who has previously withdrawn service returns to
service in Oklahoma and completes one (1) year of membership service
credit, the member may reestablish prior service credit by
redepositing the amount formerly withdrawn, with the interest at ten
percent (10%) per annum. No member shall be permitted to redeposit
prior service more than one time.
C. The Board of Trustees may adopt such other rules and
regulations to verify, process, and credit the service herein
claimed.
Oklahoma shall fix and determine by appropriate rules and
regulations how much service in any year is equivalent to one (1)
year of service, but in no case shall more than one (1) year of
service be creditable for all services in one (1) school year.
Service rendered for a regular school year shall be equivalent to
one (1) year of service.
B. If a member who has previously withdrawn service returns to
service in Oklahoma and completes one (1) year of membership service
credit, the member may reestablish prior service credit by
redepositing the amount formerly withdrawn, with the interest at ten
percent (10%) per annum. No member shall be permitted to redeposit
prior service more than one time.
C. The Board of Trustees may adopt such other rules and
regulations to verify, process, and credit the service herein
claimed.
Status: in_force · Read it on the official government site
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