Oklahoma Administrative Code
Title 715 - Teachers' Retirement System
Chapter 10 - General Operations
Subchapter 5 - Establishing Other Service Credits
Section 715:10-5-26 - Cost to purchase out-of-state service
Universal Citation: OK Admin Code 715:10-5-26
Current through Vol. 42, No. 1, September 16, 2024
The purchase price for each year of out-of-state service defined in OAC 715:10-5-21 shall be based on the actuarial cost as defined in OAC 715:10-5-4. All requests for billings to make payment for such service must be made while an active contributing member of TRS, or within sixty (60) days of termination of employment in the public schools of Oklahoma, but must be completed 90 days prior to the effective date of retirement. No person may request a billing to initiate the purchase out-of-state service credit after the date of death of the member.
Amended at 15 Ok Reg 48, eff 9-4-97 (emergency); Amended at 15 Ok Reg 3481, eff 7-15-98
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