Oklahoma Administrative Code
Title 590 - Oklahoma Public Employees Retirement System
Chapter 10 - Public Employees Retirement System
Subchapter 17 - Step-Up Election and Benefits
Section 590:10-17-7 - Step-Up participating service calculations

The Step-Up will increase the member's computation factor to 2.5% for participating service which is accrued after the election. It will be computed for full years (12 months) of participating service only. For purposes of the Step-Up calculation, 2076 hours equals a full year of participating service. Partial years of service (including participation in the Step-Up for partial years), service prior to the Step-Up election, purchased credit, prior service, military service, transported service, bonus years and unused sick leave will all be calculated at the regular 2% computation factor.

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