§11-50-111.2A. Purchase of service credit for time served with Department of Defense or military.

11 OK Stat § 11-50-111.2A (2019) (N/A)

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A. A member of the System who terminates employment for the purpose of performing service as a police officer on a contract basis for the United States Department of Defense or for the State Department of the United States in a war zone may purchase not to exceed one (1) year of service credit for the period of time during which the member performed services for either of such entities, or any branch of the United States military or other entity operating under authority of the Department of Defense or the State Department, by making payment of all required employer and employee contributions for the period of service during which the member was so privately employed.

B. The contributions required by this section shall be paid by the member within one (1) year of becoming reemployed by a participating employer of the System.

C. Service credit purchased according to the provisions of this section shall be counted for purposes of vesting, normal retirement date, eligibility to participate in the Deferred Option Retirement Plan and alternative to the Deferred Option Retirement Plan authorized by Section 50-111.3 of Title 11 of the Oklahoma Statutes and for purposes of computing the retirement benefit of the member.

Added by Laws 2004, c. 434, § 2, eff. July 1, 2004.

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§11-50-111.2. Transfer of credited service from or to other retirement system.

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