Oklahoma Administrative Code
Title 550 - Oklahoma Police Pension and Retirement System
Chapter 15 - Oklahoma Police Deferred Option Plan
Section 550:15-1-1 - Purpose

Universal Citation: OK Admin Code 550:15-1-1
Current through Vol. 41, No. 13, March 15, 2024

The plan allows an active participating member who has not less than twenty (20) years of creditable service, who is eligible to receive a service retirement pension, an election to participate in the Oklahoma Police Deferred Option Plan. The member may elect to participate under the provisions of subsections A, B, C, D, E and F of Section 50-111.3 of Title 11 of the Oklahoma Statutes, which for purposes of this chapter is referred to as an election for forward drop; or, the member may elect to participate under the provisions of subsection H of Section 50-111.3 of Title 11 of the Oklahoma Statutes, which for purposes of this chapter is referred to as an election for back drop.

Added at 8 Ok Reg 2365, eff 6-13-91; Amended at 21 Ok Reg 1426, eff 6-1-04

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