Oklahoma Administrative Code
Title 590 - Oklahoma Public Employees Retirement System
Chapter 10 - Public Employees Retirement System
Subchapter 2 - Definitions
Section 590:10-2-2 - Normal retirement age
Universal Citation: OK Admin Code 590:10-2-2
Current through Vol. 41, No. 13, March 15, 2024
(a) In addition to any other vesting provided under state law, and except as provided in 51 O.S. § 24.1, a member's normal retirement benefit is nonforfeitable upon the attainment of the following normal retirement ages and the completion of the specified years of service:
(1) For a member who is a state,
county, and local agency employee, joining before November 1, 2011, age
sixty-two (62), with a minimum of six (6) years of full-time-equivalent
employment if actively employed by a participating employer on their 62
nd birthday, otherwise a member must have eight (8)
years of service.
(2) For a member
who is a state, county, and local agency employee, joining on or after November
1, 2011, age sixty-five (65), with a minimum of six (6) years of
full-time-equivalent employment if actively employed by a participating
employer on their 65 th birthday, otherwise a
member must have eight (8) years of service.
(3) For a member who is a legislative session
employee, joining before November 1, 2011, age sixty-two (62), with a minimum
of three (3) or more years of full-time-equivalent employment if actively
employed by a participating employer on their 62 nd
birthday, otherwise a legislative session employee must have four (4) years of
service.
(4) For a member who is a
legislative session employee, joining on or after November 1, 2011, age
sixty-five (65), with a minimum of three (3) or more years of
full-time-equivalent employment if actively employed by a participating
employer on their 65 th birthday, otherwise a
legislative session employee must have four (4) years of service.
(5) For an elected official elected or
appointed before November 1, 2011, age sixty (60) with a minimum of six (6)
years of participating service.
(6)
For an elected official elected or appointed on or after November 1, 2011, age
sixty-five (65) with a minimum of eight (8) years of participating service, or
age sixty-two (62) with a minimum of ten (10) years of participating
service.
(b) A member is also vested in full retirement benefits under the following conditions:
(1) Except as otherwise provided in this
subsection, for a member who is a state employee (including a legislative
session employee), county employee, and local agency employee, joining before
July 1, 1992, when the sum of the member's age and years of credited service
equals or exceeds 80 (Rule of 80), and for any person who became a member after
June 30 1992, when the sum of the member's age and years of credited service
equals or exceeds 90 (Rule of 90). For a member joining on and after November
1, 2011, the Rule of 90 is only applicable if the member has reached age
60.
(2) Notwithstanding (b)(1)
above, for an elected official elected or appointed before November 1, 2011,
the Rule of 80 is applicable.
(3)
Notwithstanding (b)(1) above, for an elected official elected or appointed on
or after November 1, 2011, the Rule of 80 is not applicable.
(c) A hazardous duty employee is treated as a state, county, or local employee for purposes of this section. In addition, a hazardous duty employee is also vested in a full retirement benefit upon the completion of twenty (20) years of service.
Added at 30 Ok Reg 550, eff 5-11-13
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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