Oklahoma Administrative Code
Title 590 - Oklahoma Public Employees Retirement System
Chapter 10 - Public Employees Retirement System
Subchapter 17 - Step-Up Election and Benefits
Section 590:10-17-6 - Termination, withdrawal and repayment of Step-Up

Universal Citation: OK Admin Code 590:10-17-6
Current through Vol. 41, No. 13, March 15, 2024

Participating members are not permitted to withdraw any retirement contributions unless the member terminates employment and membership in the System. The Step-Up is binding on future participation in the event that the member elects the Step-Up, and subsequently terminates employment and takes a withdrawal of his or her employee contributions. In the event that such a member returns to employment with a participating employer, he or she must resume participation in the Step-Up. If such a member desires to repay the withdrawal, he or she is required to repay all amounts withdrawn, including any previous Step-Up contributions in order to reinstate the service credit.

Added at 21 Ok Reg 1759, eff 6-11-04

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