Okla. Admin. Code § 590:10-17-7

Current through Vol. 42, No. 8, January 2, 2025
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. 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.

Okla. Admin. Code § 590:10-17-7

Added at 21 Ok Reg 1759, eff 6-11-04
Amended by Oklahoma Register, Volume 41, Issue 3, October 16, 2023, eff. 9/11/2023, exp. 9/14/2024 (Emergency)
Amended by Oklahoma Register, Volume 41, Issue 22, August 1, 2024, eff. 8/11/2024