Oklahoma § 74-913.7 - Transferred employees of George Nigh Rehabilitation

§ 74-913.7. Transferred employees of George Nigh Rehabilitation

Institute – Election to continue membership in Oklahoma Public

Employees Retirement System.

A. An employee transferred pursuant to the provisions of

Section 3 of this act may elect to remain as a member of the

Oklahoma Public Employees Retirement System and if the employee

elects to do so, shall file an election on a form prescribed for

that purpose with the Oklahoma Public Employees Retirement System

not later than December 31, 1999, or the employee may elect to

become a member of the Teachers’ Retirement System of Oklahoma and

if the employee elects to do so shall file an election on a form

prescribed for that purpose with the Teachers’ Retirement System of

Oklahoma not later than December 31, 1999.

B. If an employee files the election provided for in subsection

A of this section to continue membership in the Oklahoma Public

Employees Retirement System, the employer to which the employee is

transferred shall pay the required employer contributions applicable

to the participating employers in the Oklahoma Public Employees

Retirement System pursuant to Section 920 of Title 74 of the

Oklahoma Statutes and the employee shall continue to pay employee

contributions as required by Section 919.1 of Title 74 of the

Oklahoma Statutes.

C. Until an employee files an election pursuant to subsection A

of this section, the employee shall continue to be a member of the

Oklahoma Public Employees Retirement System and the employer to

which the employee is transferred shall make required employer

contributions pursuant to Section 920 of Title 74 of the Oklahoma

Statutes.

D. If an employee transferred pursuant to Section 3 of this act

elects a vested benefit to be paid from the Oklahoma Public

Employees Retirement System, and if the employee has accumulated

sick leave, on June 30, 1999, equal to or in excess of one hundred

thirty (130) days then, notwithstanding the actual amount of

accumulated sick leave the employee has accrued on the date as of

which the vested benefit is elected, the provisions of Section 913

of Title 74 of the Oklahoma Statutes shall be applicable to the

computation of participating service credit based upon accumulated

sick leave for such employee.

Added by Laws 1999, c. 347, § 4, eff. July 1, 1999.

Oklahoma Statutes - Title 74. State Government