Okla. Stat. tit. 74, § 74-913b
This is the official text of Okla. Stat. tit. 74, § 74-913b, 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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Purchase of incentive credit
Official statutory text
A. A member of the Oklahoma Public Employees Retirement System
who is employed and participating with a participating employer may
purchase not to exceed two (2) years of incentive credit if:
1. The member has reached his or her normal retirement date or
is within two (2) years of reaching the member's normal retirement
date as defined in Section 902 of Title 74 of the Oklahoma Statutes;
or
2. The member is eligible for or is within two (2) years of
being eligible for early retirement pursuant to Section 914 of Title
74 of the Oklahoma Statutes.
B. Purchased incentive credit may only be used as participation
service and/or an addition to the member's age to qualify the member
for normal or early retirement.
C. To receive the incentive credit, the member shall pay the
amount determined by the Board pursuant to Section 913.5 of Title 74
of the Oklahoma Statutes.
who is employed and participating with a participating employer may
purchase not to exceed two (2) years of incentive credit if:
1. The member has reached his or her normal retirement date or
is within two (2) years of reaching the member's normal retirement
date as defined in Section 902 of Title 74 of the Oklahoma Statutes;
or
2. The member is eligible for or is within two (2) years of
being eligible for early retirement pursuant to Section 914 of Title
74 of the Oklahoma Statutes.
B. Purchased incentive credit may only be used as participation
service and/or an addition to the member's age to qualify the member
for normal or early retirement.
C. To receive the incentive credit, the member shall pay the
amount determined by the Board pursuant to Section 913.5 of Title 74
of the Oklahoma Statutes.
Status: in_force · Read it on the official government site
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