Okla. Stat. tit. 74, § 74-913.8
This is the official text of Okla. Stat. tit. 74, § 74-913.8, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
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Military service credit - payment
Official statutory text
A. Any active member of the Oklahoma Public Employees
Retirement System who served in any branch of the United States
Armed Forces or any component thereof, who was honorably discharged,
and whose initial membership in the System began on or after July 1,
2000, may receive up to five (5) years of military service credit as
otherwise provided in Section 901 et seq. of this title, only upon
payment of the actuarial cost of the service credit as determined by
the Board pursuant to Section 913.5 of this title. Any active
member of the Oklahoma Public Employees Retirement System who served
in any branch of the United States Armed Forces or any component
thereof, who was honorably discharged, and whose initial membership
in the System began prior to July 1, 2000, and whose military
service does not qualify as service which can be granted to a member
under Section 913 of this title, shall be eligible to purchase
service credit pursuant to this subsection. For purposes of this
subsection, “military service” means service in the Armed Forces of
the United States by honorably discharged persons.
B. The combined amount of service granted under subsection B of
Section 913 of this title, and service purchased pursuant to
subsection A of this section, shall not exceed five (5) years.
C. For a member of the System hired on or after July 1, 2003,
if the military service credit authorized by this section is used to
compute the retirement benefit of the member and the member retires
from the System, such military service credit shall not be used to
compute the retirement benefit in any other retirement system
created pursuant to the Oklahoma Statutes and the member may receive
credit for such service only in the retirement system from which the
member first retires.
Retirement System who served in any branch of the United States
Armed Forces or any component thereof, who was honorably discharged,
and whose initial membership in the System began on or after July 1,
2000, may receive up to five (5) years of military service credit as
otherwise provided in Section 901 et seq. of this title, only upon
payment of the actuarial cost of the service credit as determined by
the Board pursuant to Section 913.5 of this title. Any active
member of the Oklahoma Public Employees Retirement System who served
in any branch of the United States Armed Forces or any component
thereof, who was honorably discharged, and whose initial membership
in the System began prior to July 1, 2000, and whose military
service does not qualify as service which can be granted to a member
under Section 913 of this title, shall be eligible to purchase
service credit pursuant to this subsection. For purposes of this
subsection, “military service” means service in the Armed Forces of
the United States by honorably discharged persons.
B. The combined amount of service granted under subsection B of
Section 913 of this title, and service purchased pursuant to
subsection A of this section, shall not exceed five (5) years.
C. For a member of the System hired on or after July 1, 2003,
if the military service credit authorized by this section is used to
compute the retirement benefit of the member and the member retires
from the System, such military service credit shall not be used to
compute the retirement benefit in any other retirement system
created pursuant to the Oklahoma Statutes and the member may receive
credit for such service only in the retirement system from which the
member first retires.
Status: in_force · Read it on the official government site
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