Okla. Admin. Code § 590:15-1-23

Current through Vol. 42, No. 4, November 1, 2024

Section 590:15-1-23 - Normal retirement age

(a) In addition to any other vesting provided under state law, and except as provided in 51 O.S. Section 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 judge whose initial service as a member began prior to January 1, 2012, age sixty-five (65) upon completion of at least eight (8) years of service, or age sixty (60) upon completion of at least ten (10) years of service.

(2) For a judge whose initial service as a member began on or after January 1, 2012, age sixty-seven (67) upon the completion of at least eight (8) years of service, or age sixty-two (62) upon completion of at least ten (10) years of service.

(b) A member joining before January 1, 2012, is also vested in full retirement benefits upon when the sum of the member's age and years of credited service equals or exceeds 80 (Rule of 80). This provision is not applicable to those members joining on or after January 1, 2012.

(c) In determining the number of years of credited service, a major fraction of a year, as set forth in 20 O.S. § 1102(A), shall be six (6) months or more and shall be considered as one (1) year. Credited service of less than six (6) months shall be disregarded.

Okla. Admin. Code § 590:15-1-23

Added at 30 Ok Reg 553, eff 5-11-13

Amended by Oklahoma Register, Volume 35, Issue 24, September 4, 2018, eff. 9/14/2018