Okla. Stat. tit. 70, § 70-17-108.2

A. Beginning July 1, 2019, and for each plan year thereafter, a

person employed by any school district or employed by a technology

center school district, who holds a valid certificate issued by the

State Department of Education or the State Board of Career and

Technology Education, and is employed on a full-time basis to serve

as a teacher, principal, supervisor, administrator, superintendent,

counselor, librarian or certified or registered nurse shall have

credited against the employee contribution amount, an annual amount

based upon qualifying years of service as follows:

YEARS OF SERVICE CREDIT AMOUNT

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0 $60.15

1 $103.41

2 $145.65

3 $188.15

4 $233.33

5 $278.76

6 $325.26

7 $372.82

8 $421.44

9 $471.12

10 $521.87

11 $573.67

12 $626.54

13 $680.48

14 $735.47

15 $791.53

16 $848.65

17 $906.83

18 $966.07

19 $1,026.38

20 $1,087.75

21 $1,150.18

22 $1,213.68

23 $1,278.23

24 $1,343.85

25 or more $1,410.53

B. The state shall pick up for tax purposes and pay the annual

amount prescribed by subsection A of this section, based upon the

conditions prescribed by subsection A of this section, to the

Teachers' Retirement System. The annual amount prescribed by

subsection A of this section shall be divided into monthly amounts

as may be required in order to give full effect to the credit amount

without the necessity of dividing the annual credit amount into

twelve (12) equal installments.

C. If an eligible member under this section terminates service

prior to June 30 of any applicable plan year, the amounts prescribed

by subsection A of this section, and transferred to the Teachers'

Retirement System from the State Board of Education and the State

Board of Career and Technology Education shall be retained by the

Teachers' Retirement System of Oklahoma and treated as an actuarial

gain of the System.

D. If an employing school district has contractually committed

to make payment of the employee contributions required by Section

17-116.2 of this title for a member who is eligible for the credit

amount prescribed by subsection A of this section for the fiscal

year, using funds available to the district and not by effecting the

employee contribution through a deduction from the member's gross

Oklahoma Statutes - Title 70. Schools Page 758

salary, the district shall pay additional compensation to each of

its eligible teachers in an amount equal to the amount prescribed by

subsection A of this section based upon the number of years of

teaching experience of the eligible member.

E. If an eligible member is hired by a school district or a

technology center school district and receives compensation for less

than one hundred eighty (180) days of service, the district shall

determine a pro rata amount of the annual credit amount and shall

pay additional compensation to the member equal to the pro rata

amount for each month during which the member is employed. The

monthly credit amount for such member shall be added to the member's

compensation beginning with the first full month during which the

member is employed by the district.

F. The amount required to be added to the compensation of the

eligible member pursuant to subsection D of this section shall be

subject to any applicable federal or state taxes upon the additional

income.

G. The amount required to be added to the compensation of the

eligible member pursuant to subsection D of this section shall not

be treated as regular annual compensation for purposes of Section

17-116.2 of this title or as salary or fringe benefits for purposes

of determining any applicable statutory minimum salary requirements

or for purposes of meeting the requirements of any locally adopted

salary schedule.

H. The employing district shall prepare its payroll records to

reflect that the total employee contribution amount, for the salary
annual compensation for purposes of Section

17-116.2 of this title or as salary or fringe benefits for purposes

of determining any applicable statutory minimum salary requirements

or for purposes of meeting the requirements of any locally adopted

salary schedule.

H. The employing district shall prepare its payroll records to

reflect that the total employee contribution amount, for the salary

not in excess of the applicable minimum salary amount, has been paid

pursuant to a combination of the payment from the funds of the

employing district and the amount credited to the employee

contribution account of the member pursuant to subsection A of this

section.

I. If an employing school district has contractually committed

to deduct employee contributions required by Section 17-116.2 of

this title by effecting the employee contribution through a

deduction from the member's gross salary, the district shall

decrease the amount of the payroll deduction for such employee

contribution by the amount as prescribed in subsection A of this

section, based upon the number of years of teaching experience of

the member. The amount required to be subtracted from the amount by

which the employee's gross salary would otherwise be reduced

pursuant to this subsection shall be subject to any applicable

federal or state taxes. The employing district shall prepare its

payroll records to reflect that the total employee contribution

amount, for the salary not in excess of the applicable minimum

salary amount, has been paid pursuant to a combination of the

deduction from the member's salary and the amount credited to the

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employee contribution account of the member pursuant to subsection A

of this section.