OK
Oklahoma Senate Bill SB692

Oklahoma 2023 Regular Session

Oklahoma Senate Bill SB692 Compare Versions

Only one version of the bill is available at this time.
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5353 STATE OF OKLAHOMA
5454
5555 1st Session of the 59th Legislature (2023)
5656
5757 SENATE BILL 692 By: Murdock
5858
5959
6060
6161
6262
6363 AS INTRODUCED
6464
6565 An Act relating to public retirement systems ;
6666 amending 74 O.S. 2021, Sections 90 2, 915, 916.3,
6767 919.1, and 920A, which r elate to the Oklahoma Public
6868 Employees Retirement System definitions, benefit
6969 amount, and contributions ; providing for membership
7070 by emergency medical personnel; conforming language;
7171 establishing employee and employer contributions;
7272 updating statutory language; and providing for death
7373 benefits.
7474
7575
7676
7777 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
7878 SECTION 1. AMENDATORY 74 O.S. 2021, Section 902, is
7979 amended to read as follows:
8080 Section 902. As used in Section 901 et seq. of this title:
8181 (1) “System” means the Oklahoma Public Employees Retirement
8282 System as established by this act Section 901 et seq. of this title
8383 and as it may hereafter be amended;
8484 (2) “Accumulated contributions ” means the sum of all
8585 contributions by a member to the System which shall be credited to
8686 the member’s account;
8787 (3) “Act” means Sections 901 to 932, inclusive, of this title;
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139139 (4) “Actuarial equivalent ” means a deferred income be nefit of
140140 equal value to the accumulated deposits or benefits when computed
141141 upon the basis of the actuarial tables in use by the System;
142142 (5) “Actuarial tables” means the actuarial tables approved and
143143 in use by the Board at any given time;
144144 (6) “Actuary” means the actuary or firm of a ctuaries employed
145145 by the Board at any given time;
146146 (7) “Beneficiary” means any person named by a member to receive
147147 any benefits as provided for by Section 901 et seq. of this title.
148148 If there is no beneficiary living at time of member employee’s
149149 death, the member’s estate shall be the beneficiary;
150150 (8) “Board” means the Oklahoma Public Employees Retirement
151151 System Board of Trustees;
152152 (9) “Compensation” means all salary and wages, as defined by
153153 the Board of Trustees, including amou nts deferred under deferred
154154 compensation agreements entered into between a member and a
155155 participating employer, but exclusive of. Compensation shall not
156156 mean payment for overtime, payable to a member of the System for
157157 personal services performed for a par ticipating employer but shall
158158 not include, compensation or reim bursement for traveling, or moving
159159 expenses, or any compensation in excess of the maximum compensation
160160 level, provided:
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212212 (a) For compensation for service prior to January 1, 1988,
213213 the maximum compensation level shall be Twe nty-five
214214 Thousand Dollars ($25,000 .00) per annum.
215215 For compensation for service on or after January 1,
216216 1988, through June 30, 1994, the maximum compensation
217217 level shall be Forty Thousand Dollars ($40,000.00) per
218218 annum.
219219 For compensation for service on or aft er July 1, 1994,
220220 through June 30, 1995, the maximum compensation level
221221 shall be Fifty Thousand Dol lars ($50,000.00) per
222222 annum; for compensation for service on or after July
223223 1, 1995, through June 30, 1996, the maximum
224224 compensation level shall be Sixty Thous and Dollars
225225 ($60,000.00) per annum ; for compensation for service
226226 on or after July 1, 1996, through June 30, 1997, the
227227 maximum compensation level shall be Seventy Thousand
228228 Dollars ($70,000.00) per annum; and for compensation
229229 for service on or after July 1, 1997, through June 30,
230230 1998, the maximum compensation level shall be Eighty
231231 Thousand Dollars ($80, 000.00) per annum. For
232232 compensation for services on or after July 1, 1998,
233233 there shall be no maximum compensation level for
234234 retirement purposes.
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286286 (b) Compensation for retirement purposes shall include any
287287 amount of elective salary reduction under Section 4 57
288288 of the Internal Revenue Code of 1986 and any amount of
289289 nonelective salary reduction under Section 414(h) of
290290 the Internal Revenue Code of 1986.
291291 (c) Notwithstanding any provision to the contr ary, the
292292 compensation taken into account for any employee in
293293 determining the contribution or benefit accruals for
294294 any plan year is limited subject to the annual
295295 compensation limit under Section 401(a)(17) of the
296296 federal Internal Revenue Code.
297297 (d) Current appointed members of the O klahoma Tax
298298 Commission whose salary is constitu tionally limited
299299 and is less than the highest salary allowed by law for
300300 his or her position shall be allowed, within nine ty
301301 (90) days from the effective date of this act March
302302 21, 2001, to make an election to use the highest
303303 salary allowed by law for the position to whic h the
304304 member was appointed for the purposes of making
305305 contributions and determination of retirement
306306 benefits. Such election shall be irrevocab le and be
307307 in writing. Reappointment to t he same office shall
308308 not permit a new election. Members appointed to th e
309309 Oklahoma Tax Commission after the effective date of
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361361 this act March 21, 2001, shall make such election,
362362 pursuant to this subparagraph, within ninety (90) days
363363 of taking office;
364364 (10) “Credited service” means the sum of partic ipating service,
365365 prior service and elected ser vice;
366366 (11) “Dependent” means a parent, child, or spouse of a member
367367 who is dependent upon the member for at least one -half (1/2) of the
368368 member’s support;
369369 (12) “Effective date” means the date upon which the Sy stem
370370 becomes effective by operation of law;
371371 (13) “Eligible employer” means the state and any county, county
372372 hospital, city or town, con servation districts, circuit engineer ing
373373 districts and any public or private trust in wh ich a county, city or
374374 town participates and is the primary beneficiary, is to be an
375375 eligible employer for the purpose of this act only, whose employees
376376 are covered by Social Security and are not covered by or eligible
377377 for another retirement plan authorized under the laws of this state
378378 which is in operation on the initial entry date. Emergency medical
379379 service districts may join the System upon proper application to the
380380 Board. Provided, affiliation by a cou nty hospital shall be in the
381381 form of a resolution a dopted by the board of control.
382382 (a) If a class or several classes of employees of any
383383 above-defined employers are covered by Social Security
384384 and are not covered by or e ligible for and will not
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436436 become eligible for another retireme nt plan authorized
437437 under the laws of this state, which is in operation on
438438 the effective date, such employe r shall be deemed an
439439 eligible employer, but only with respect to that class
440440 or those classes of employees as defined in this
441441 section.
442442 (b) A class or several classes of employees who are
443443 covered by Social Securi ty and are not covered by or
444444 eligible for and will not become eligible for another
445445 retirement plan authorized under the laws of this
446446 state, which is in operation on the eff ective date,
447447 and when the qualifications for employ ment in such
448448 class or classes are set by state law; and when such
449449 class or classes of employees are employed by a county
450450 or municipal government pursuant to such
451451 qualifications; and when the services provi ded by such
452452 employees are of such nature that they qualify for
453453 matching by or contri butions from state or federal
454454 funds administered by an agency of state government
455455 which qualifies as a participating employer, then the
456456 agency of state government administe ring the state or
457457 federal funds shall be deemed an eligible employer,
458458 but only with respect to that class or those classes
459459 of employees as defined in this subsection; provided,
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511511 that the required contributions to the ret irement plan
512512 may be withheld from the contributions of state or
513513 federal funds administer ed by the state agency and
514514 transmitted to the System on the same basis as the
515515 employee and employer contributions are transmitted
516516 for the direct employees of the state agency. The
517517 retirement or eligibilit y for retirement under t he
518518 provisions of law provid ing pensions for service as a
519519 volunteer firefighter shall not render any person
520520 ineligible for participation in the benefits provided
521521 for in Section 901 et seq. of this title. An employee
522522 of any public or private trust in which a county, city
523523 or town participates and is the primary benef iciary
524524 shall be deemed to be an eligible emplo yee for the
525525 purpose of this act Section 901 et seq. of this title
526526 only.
527527 (c) All employees of the George Nigh Rehabilitation
528528 Institute who elected to retain membership in the
529529 System, pursuant to Section 913.7 of this ti tle, shall
530530 continue to be eligible employees for the purposes of
531531 this act Section 901 et seq. of this title. The
532532 George Nigh Rehabilitation Institute shall be
533533 considered a participating employer only for such
534534 employees.
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586586 (d) All employees of CompSource Mut ual Insurance Company
587587 who retain membership in the Oklahoma Public Employees
588588 Retirement System pursuant to Section 913.9 of thi s
589589 title shall continue to be eligible employees for the
590590 purposes of the Oklahoma Public Employees Retirement
591591 System. CompSource Mutual Insurance Company shall be
592592 considered a participating employer only for such
593593 employees.
594594 (e) All employees of a successor organization, as defined
595595 by Section 5-60.12 of Title 2 of the Oklahoma
596596 Statutes, who retain membership in the Oklahoma Public
597597 Employees Retirement System pursuant to Section 5-
598598 60.35 of Title 2 of the Oklahoma Statutes shall
599599 continue to be eligible employe es for the purposes of
600600 the Oklahoma Public Employees Retirement System. A
601601 successor organization shall be considered a
602602 participating employer only for such employ ees.
603603 (f) A participating employer of the Teachers ’ Retirement
604604 System of Oklahoma, who has one or more employees who
605605 have made an election pursuant to enabling legislation
606606 to retain membership in the System as a result of
607607 change in administration, shall be considered a
608608 participating employer of the Oklahoma Public
609609 Employees Retirement System only f or such employees;
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661661 (14) “Employee” means any officer or employee of a
662662 participating employer, whose employment is not seasonal o r
663663 temporary and whose employment r equires at least one thous and
664664 (1,000) hours of work per year and whose s alary or wage is equa l to
665665 the hourly rate of the monthly m inimum wage for state employees.
666666 For those eligible employers outlined in Section 910 of th is title,
667667 the rate shall be equal to the hourly rate of the monthly minimum
668668 wage for that employer. Each employer, whose minim um wage is less
669669 than the state’s minimum wage, shall inform the System of the
670670 minimum wage for that employer. This notification shall be by
671671 resolution of the gove rning body.
672672 (a) Any employee of the county extension agents who is not
673673 currently participatin g in the Teachers’ Retirement
674674 System of Oklahoma shall be a member of this System.
675675 (b) Eligibility shall not include any employee who is a
676676 contributing member of t he United States Civil Ser vice
677677 Retirement System.
678678 (c) It shall be mandatory for an officer, a ppointee or
679679 employee of the office of district attorney to become
680680 a member of this Syste m if he or she is not currently
681681 participating in a county retirement system . Provided
682682 further, that if an officer, appointee or employee of
683683 the office of district atto rney is currently
684684 participating in such county retirement system, he or
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736736 she is ineligible for this System as long as he or she
737737 is eligible for such county retireme nt system. Any
738738 eligible officer, appointee or employee of the office
739739 of district attorney sh all be given credit for prior
740740 service as defined in this section. The provisions
741741 outlined in Section 917 of this title shall app ly to
742742 those employees who have pre viously withdrawn their
743743 contributions.
744744 (d) Eligibility shall also not in clude any officer or
745745 employee of the Oklahoma Employment S ecurity
746746 Commission, except for those officers and e mployees of
747747 the Commission electing to tr ansfer to this System
748748 pursuant to the provisions of Section 910.1 of this
749749 title or any other class of offi cers or employees
750750 specifically exempted by the laws of thi s state,
751751 unless there be a consolidation as provide d by Section
752752 912 of this title. Employee s of the Oklahoma
753753 Employment Security Commission who are ine ligible for
754754 enrollment in the Oklahoma Employment Security
755755 Commission Retirement Plan, that was in effec t on
756756 January 1, 1964, shall become members of this System.
757757 (e) Any employee employed by the Legislati ve Service
758758 Bureau, State Senate or House of Representatives for
759759 the full duration of a regular legislative session
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811811 shall be eligible for membership in the System
812812 regardless of classification as a temporary employee
813813 and may participate in the System during the regular
814814 legislative session at the option of the employe e.
815815 For purposes of this subparagraph, the det ermination
816816 of whether an employee is employed for the full
817817 duration of a regular legislative session shall be
818818 made by the Legislative Service Bureau i f such
819819 employee is employed by the Legislative Service
820820 Bureau, the State Senate if such employee is employ ed
821821 by the State Senate, or by the House of
822822 Representatives if such employee is employed by the
823823 House of Representatives. Each regular legislative
824824 session during which the legislative employee or an
825825 employee of the Legislative Service Bureau
826826 participates full time shall be counted as six (6)
827827 months of full-time participating service.
828828 (i) Except as otherwise provided by this
829829 subparagraph, once a temporar y session employee
830830 makes a choice to participate or not, the choice
831831 shall be binding for all future legisl ative
832832 sessions during which the employee is emplo yed.
833833 (ii) Notwithstanding the provisions of divisio n (i) of
834834 this subparagraph, any employee, who is e ligible
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886886 for membership in the Syst em because of the
887887 provisions of this subparagraph and who was
888888 employed by the State Senate or House of
889889 Representatives after January 1, 1989, may file
890890 an election, in a man ner specified by the Board,
891891 to participate as a me mber of the System prior to
892892 September 1, 1989.
893893 (iii) Notwithstanding the provisions of division (i) of
894894 this subparagraph, a temporary legislative
895895 session employee who elected to become a member
896896 of the System may withdraw from the System
897897 effective the day said such employee elected to
898898 participate in the System upon writt en request to
899899 the Board. Any such request mus t be received by
900900 the Board prior to October 1, 1990. All employee
901901 contributions made by the te mporary legislative
902902 session employee shall be returned to the
903903 employee without interest w ithin four (4) months
904904 of receipt of the written request.
905905 (iv) A member of the System who did not initially
906906 elect to participate as a member of the System
907907 pursuant to this subparagraph shall be able to
908908 acquire service perfo rmed as a temporary
909909 legislative session employee for periods of
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961961 service performed prior to the date upon w hich
962962 the person became a member of the Syste m if:
963963 a. the member files an election with the Syst em
964964 not later than December 31, 2000, to
965965 purchase the prior service; and
966966 b. the member makes payment to the System o f
967967 the actuarial cost of the service credit
968968 pursuant to subsection A of Section 913.5 of
969969 this title. The provisions of Section 913.5
970970 of this title shall be applicable to the
971971 purchase of the servic e credit, including
972972 the provisions for determining service
973973 credit in the event of incomplete payment
974974 due to cessation of payments, death,
975975 termination of employment or retirement, but
976976 the payment may extend for a period not to
977977 exceed ninety-six (96) months;
978978 (15) “Entry date” means the date on which an eligible empl oyer
979979 joins the System. The first entry date p ursuant to Section 901 et
980980 seq. of this title shall be January 1, 1964;
981981 (16) “Executive Director” means the managing officer of the
982982 System employed by the Board under Section 901 et se q. of this
983983 title;
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10341034
10351035 (17) “Federal Internal Revenue Code ” means the federal Internal
10361036 Revenue Code of 1954 or 1986, as amended and as applicable to a
10371037 governmental plan as in effect on July 1, 1999;
10381038 (18) “Final average compen sation” means the average annual
10391039 compensation, including amo unts deferred under deferred compensation
10401040 agreements entered into between a member and a p articipating
10411041 employer, up to, but not exceeding the maximum compensation levels
10421042 as provided in paragraph ( 9) of this section received during the
10431043 highest three (3) of the last ten (10) years of participating
10441044 service immediately preceding retirement or termi nation of
10451045 employment and with respect to members wh ose first participating
10461046 service occurs on or after July 1, 2013, the compensation receive d
10471047 during the highest five (5) of the last ten (10) years of
10481048 participating service immediately preceding retirement o r
10491049 termination of employment. Provided, no member s hall retire with a
10501050 final average compensation unless th e member has made the required
10511051 contributions on such compens ation, as defined by the Board of
10521052 Trustees;
10531053 (19) “Fiscal year” means the period commencin g July 1 of any
10541054 year and ending June 30 of the next year. The fiscal year is the
10551055 plan year for purposes o f the federal Internal Revenue Cod e;
10561056 however, the calendar y ear is the limitation year for purposes of
10571057 Section 415 of the federal Internal Revenue Cod e;
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11081108
11091109 (20) “Fund” means the Oklahoma Public Employees Retirement Fund
11101110 as created by Section 901 et seq. of t his title;
11111111 (21) “Leave of absence” means a period of absenc e from
11121112 employment without pay, authorized and approved by the employer and
11131113 acknowledged to the Board, and which after the effective date does
11141114 not exceed two (2) years;
11151115 (22) “Member” means an eligible employee or elected official
11161116 who is in the System and i s making the required employee or elected
11171117 official contributions, or any former employee o r elected official
11181118 who shall have made the required contributions to the System and
11191119 shall have not receive d a refund or withdrawal;
11201120 (23) “Military service” means service in the Armed Forces of
11211121 the United States by an honorably discharged person during the
11221122 following time periods, as reflected on such perso n’s Defense
11231123 Department Form 214, not to exceed five (5) years for combined
11241124 participating and/or prior service, as f ollows:
11251125 (a) during the following periods, incl uding the beginning
11261126 and ending dates, and on ly for the periods served,
11271127 from:
11281128 (i) April 6, 1917, to November 11, 1918, commonly
11291129 referred to as World Wa r I,
11301130 (ii) September 16, 1940, to D ecember 7, 1941, as a
11311131 member of the 45th Division,
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11821182
11831183 (iii) December 7, 1941, to December 31, 1946, commonly
11841184 referred to as World War II,
11851185 (iv) June 27, 1950, to January 3 1, 1955, commonly
11861186 referred to as the Korean Conflict or the Korean
11871187 War,
11881188 (v) February 28, 1961, to May 7, 1975, comm only
11891189 referred to as the Vietnam era, except th at:
11901190 a. for the period from February 28, 1961 , to
11911191 August 4, 1964, military service shall only
11921192 include service in the Republic of Vietnam
11931193 during that period, and
11941194 b. for purposes of deter mining eligibility for
11951195 education and training benefits, such period
11961196 shall end on December 31, 1976, or
11971197 (vi) August 1, 1990, to December 31, 1991, commonly
11981198 referred to as the Gulf War, the Persian Gulf
11991199 War, or Operation Des ert Storm, but excluding any
12001200 person who served on active dut y for training
12011201 only, unless discharged from su ch active duty for
12021202 a service-connected disability;
12031203 (b) during a period of war or combat militar y operation
12041204 other than a conflict, war or era listed in
12051205 subparagraph (a) of this paragrap h, beginning on the
12061206 date of Congressional authorization, Congressional
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12581258 resolution, or Executive Order of the Preside nt of the
12591259 United States, for the use of the Armed F orces of the
12601260 United States in a war or combat military operation,
12611261 if such war or combat m ilitary operation lasted f or a
12621262 period of ninety (90) days or more, for a person who
12631263 served, and only for the period served, in the area of
12641264 responsibility of the war or combat military
12651265 operation, but excluding a person who served on active
12661266 duty for training only, unless discharged f rom such
12671267 active duty for a service -connected disability, and
12681268 provided that the burden of p roof of military service
12691269 during this period shall b e with the member, who must
12701270 present appropriate documen tation establishing such
12711271 service.
12721272 An eligible member under t his paragraph shall include only those
12731273 persons who shall have served during the times or i n the areas
12741274 prescribed in this paragraph, and only if such person provides
12751275 appropriate documentation in su ch time and manner as required by the
12761276 System to establish su ch military service prescribed in this
12771277 paragraph, or for service pursuant to subdivision a of division (v)
12781278 of subparagraph (a) of this paragr aph those persons who were awarded
12791279 service medals, as a uthorized by the United States Dep artment of
12801280 Defense as reflected in the veteran ’s Defense Department Form 214,
12811281 related to the Vietnam Conflict for se rvice prior to August 5, 1964;
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13321332
13331333 (24) “Normal retirement date” means the date on which a member
13341334 may retire with full retirement benefits as p rovided in Section 901
13351335 et seq. of this title, such date being whichever occurs first:
13361336 (a) the first day of the month coinciding with or
13371337 following a member’s:
13381338 (1) sixty-second birthday with respect to members
13391339 whose first participating service occurs prior t o
13401340 November 1, 2011, or
13411341 (2) sixty-fifth birthday with respect to members
13421342 whose first participating service occurs on or
13431343 after November 1, 2011, or with respect to
13441344 members whose first participating service occurs
13451345 on or after November 1, 2011, reaches who reach a
13461346 minimum age of sixty (60) years and who also
13471347 reaches reach a normal retirement date pursuant
13481348 to subparagraph c of this paragraph,
13491349 (b) for any person who initially became a member prior to
13501350 July 1, 1992, and who does not reach a normal
13511351 retirement date pursuant to divis ion (1) of
13521352 subparagraph (a) of this paragraph, the first day of
13531353 the month coinciding with or followi ng the date at
13541354 which the sum of a member ’s age and number of years of
13551355 credited service total eighty (80); such a normal
13561356 retirement date will also apply to a ny person who
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14081408 became a member of the sending system as defined in
14091409 Section 901 et seq. of this title, prior to July 1,
14101410 1992, regardless of whether there were breaks in
14111411 service after July 1, 1992,
14121412 (c) for any person who beca me a member after June 30,
14131413 1992, but prior to November 1, 20 11, and who does not
14141414 reach a normal retirement date pursuant to division
14151415 (1) of subparagraph (a) of this paragraph, the first
14161416 day of the month coinciding with or following the date
14171417 at which the sum of a member’s age and number of years
14181418 of credited service total ninety (90),
14191419 (d) in addition to subparagraphs (a), (b) and (c) of th is
14201420 paragraph, the first day of the month coinciding with
14211421 or following a member ’s completion of at least twenty
14221422 (20) years of full-time-equivalent employment as:
14231423 (i) a correctional or probation and parole officer
14241424 with the Department of Corrections and at th e
14251425 time of retirement, the member was a correctional
14261426 or probation and parole officer with the
14271427 Department of Corrections, or
14281428 (ii) a correctional officer, prob ation and parole
14291429 officer or fugitive apprehension agent with th e
14301430 Department of Corrections who is in such position
14311431 on June 30, 2004, or who is hired af ter June 30,
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14831483 2004, and who receives a promotion or change in
14841484 job classification after June 30, 2004, to
14851485 another position in the Dep artment of
14861486 Corrections, so long as su ch officer or agent has
14871487 at least five (5) years of service as a
14881488 correctional officer, pr obation and parole
14891489 officer or fugitive apprehension agent with the
14901490 Department, has twenty (20) years of f ull-time-
14911491 equivalent employment with the Department and was
14921492 employed by the Department at the time of
14931493 retirement, or
14941494 (iii) a firefighter with the Oklahoma Military
14951495 Department of the State of Oklahoma either
14961496 employed for the first time on or after J uly 1,
14971497 2002, or who was employed p rior to July 1, 2002,
14981498 in such position and who makes the electio n
14991499 authorized by division (2) of subparagraph b of
15001500 paragraph (9) of subsection A of Section 915 of
15011501 this title and at the time of retirement, the
15021502 member was a firefighter with the Oklahoma
15031503 Military Department of the State of Oklahoma, and
15041504 such member has at least twent y (20) years of
15051505 credited service upon which the two and one-half
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15571557 percent (2 1/2%) multiplier will be used in
15581558 calculating the retirement benefit, or
15591559 (iv) a public safety officer employed by the Grand
15601560 River Dam Authority for the first time on or
15611561 after July 1, 2016, or
15621562 (v) a deputy sheriff or jailer employed by any county
15631563 that is a participating employer in the System
15641564 for the first time as a deputy sheriff or jailer
15651565 on or after November 1, 2020, or
15661566 (vi) licensed emergency medical personnel, as defined
15671567 pursuant to Section 1-2503 of Title 63 of the
15681568 Oklahoma Statutes, holding a license issued by
15691569 the State Department of Health pursuant to
15701570 Section 1-2505 of Title 63 of the Oklahom a
15711571 Statutes, including emergency medical responders ,
15721572 emergency medical technicians, inte rmediate
15731573 emergency medical tech nicians, advanced emergency
15741574 medical technicians, and paramedics employed by
15751575 any participating employer as a licensed
15761576 emergency medical personnel for the first time on
15771577 or after the effective date of this act,
15781578 (e) for those fugitive apprehension agents who retire on
15791579 or after July 1, 2002, the first day of the month
15801580 coinciding with or following a member ’s completion of
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16321632 at least twenty (20) years of full -time-equivalent
16331633 employment as a fugitive apprehension agent with the
16341634 Department of Corrections and at the t ime of
16351635 retirement, the member was a fugitive apprehension
16361636 agent with the Department of Corrections, or
16371637 (f) for any member who was continuously employed by an
16381638 entity or institution within The Oklahoma State System
16391639 of Higher Education and whose initial emplo yment with
16401640 such entity or institution was prior to July 1, 1992,
16411641 and who without a break in service of more than thirty
16421642 (30) days became employed by an employer participating
16431643 in the Oklahoma Public Employees Retirement System,
16441644 the first day of the month co inciding with or
16451645 following the date at which the sum of the member’s
16461646 age and number of years of credited se rvice total
16471647 eighty (80);
16481648 (25) “Participating employer ” means an eligible employer who
16491649 has agreed to make contributions to the System on behalf of it s
16501650 employees;
16511651 (26) “Participating service” means the period of employment
16521652 after the entry date for which cr edit is granted a member;
16531653 (27) “Prior service” means the period of employment of a member
16541654 by an eligible employer prio r to the member’s entry date for which
16551655 credit is granted a member under Section 901 et seq. of this title;
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17071707 (28) “Retirant” or “retiree” means a member who has retired
17081708 under the System;
17091709 (29) “Retirement benefit” means a monthly income with benefits
17101710 accruing from the first day of the m onth coinciding with or
17111711 following retirement and ending on the last day of the month in
17121712 which death occurs or the actuarial equivalent thereof paid in such
17131713 manner as specified by the member pursuant to Section 901 et seq. of
17141714 this title or as otherwise allo wed to be paid at the discretion of
17151715 the Board;
17161716 (30) “Retirement coordinator” means the individual designat ed
17171717 by each participating employer through whom System transactions and
17181718 communication shall be directed;
17191719 (31) “Social Security” means the old-age survivors and
17201720 disability section of the Federal federal Social Security Act;
17211721 (32) “Total disability” means a physical or mental disability
17221722 accepted for disability benefits by the Federal federal Social
17231723 Security System;
17241724 (33) “Service-connected disability benefits ” means military
17251725 service benefits which are for a s ervice-connected disability rated
17261726 at twenty percent (20%) or more by the V eterans Administration or
17271727 the Armed Forces of the United States;
17281728 (34) “Elected official” means a person elected to a state
17291729 office in the legislative or executive branch of state gov ernment or
17301730 a person elected to a county office for a definite number of ye ars
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17821782 and shall include an individual who is appointed to fill the
17831783 unexpired term of an elected st ate official;
17841784 (35) “Elected service” means the period of service as an
17851785 elected official;
17861786 (36) “Limitation year” means the year used in applying the
17871787 limitations of Section 415 of the Internal Revenue Code of 1986,
17881788 which year shall be the calendar year; an d
17891789 (37) “Public safety officers of the Grand River Dam Authority”
17901790 means those persons hired by the Grand River Dam Authority on or
17911791 after the effective date of this act March 21, 2001, who are
17921792 certified by the Council on Law Enforcement Education and Traini ng
17931793 or an equivalent certifying entity for law enfor cement personnel
17941794 training and who perform law enforcement functions as part of their
17951795 regularly assigned duties and responsib ilities on a full-time basis.
17961796 With respect to any public safety officer hired by the Grand River
17971797 Dam Authority on or after the effective date of this act March 21,
17981798 2001, any earned benefits or credits toward retirement benefits from
17991799 previous participation within the Okl ahoma Public Employees
18001800 Retirement System or the Oklahoma Law Enfor cement Retirement System
18011801 shall remain within that s ystem.
18021802 SECTION 2. AMENDATORY 74 O.S. 2021, Section 915, is
18031803 amended to read as follows:
18041804 Section 915. A. (1) Except as otherwise provided in this
18051805 subsection and as provided for e lected officials in Section 913.4 of
18061806 RBS No. 1061
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18571857 this title, any member who shall retire on or a fter the member’s
18581858 normal retirement date shall be entitled to receive an annual
18591859 retirement benefit equal t o two percent (2%) of the member ’s final
18601860 average compensation as d etermined pursuant to paragraph (18) of
18611861 Section 902 of this title, multiplied by the number of years of
18621862 credited service that has been credited to the member in accordance
18631863 with the provisions of Section 913 of this title other than years
18641864 credited pursuant to paragraph (2) of this subsection.
18651865 (2) Effective January 1, 2004, except as other wise provided for
18661866 elected officials in Section 913.4 of this title and except for
18671867 those members making con tributions pursuant to paragraphs (c), (d),
18681868 (e), and (f), (g), and (h) of subsection (1) of Section 919.1 of
18691869 this title, any member who shall retire s hall be entitled to receive
18701870 an annual retirement benefit equal to two and one-half percent (2
18711871 1/2%) of the member’s final average compensation as determined
18721872 pursuant to paragraph (18) of Section 902 of this title, multiplie d
18731873 by the number of full years of participating service after January
18741874 1, 2004, that have been credited to the member in accordance with
18751875 the provisions of Section 913 of this title and only for those full
18761876 years of participating service for which contribution s have been
18771877 made pursuant to para graph (g) of subsection (1) of Secti on 919.1 of
18781878 this title. The two and one-half percent (2 1/2%) multipl ier shall
18791879 not apply to purchased service, purchased or granted mil itary
18801880 service or transferred service. In order to receive the two and
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19321932 one-half percent (2 1/2%) multiplier in computing retirement
19331933 benefits, an active member shall make an irrevocable writt en
19341934 election to pay the contributions pursuant to paragraph (g) of
19351935 subsection (1) of Section 919.1 of this title. The two and one-half
19361936 percent (2 1/2%) multiplier pursuant to this paragr aph shall not
19371937 apply to additional years of service credit attributed t o sick leave
19381938 pursuant to paragraph 7 of subsection B of Section 91 3 of this title
19391939 and fractional years pursuant to su bsection C of Section 913 of this
19401940 title and shall be attributable onl y to the participating service
19411941 credited after the election of the memb er.
19421942 (3) The minimum final average compensation for any person who
19431943 becomes a member of the Oklahoma Public Employees Retirement System
19441944 on or after July 1, 1995 and who had:
19451945 a. and who had twenty (20) or more years of credited
19461946 service within the System as of the membe r’s
19471947 retirement date shall be no less t han Thirteen
19481948 Thousand Eight Hundred Dollars ($13,800.00) per annum,
19491949 b. and who had at least fifteen (15 ) but not more than
19501950 nineteen (19) years of cred ited service within the
19511951 System as of the member’s retirement date sh all be no
19521952 less than Six Thousand Nine Hundred Dollars
19531953 ($6,900.00) per annum, or
19541954 c. and who had less than fifteen (15) years of credited
19551955 service within the System as of the member ’s
19561956 RBS No. 1061
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20072007 retirement date shall not be eligible for any minimum
20082008 amount of final average compensation and the member ’s
20092009 final average compensation shall be the final average
20102010 compensation as defined by paragraph (18) of Section
20112011 902 of this title.
20122012 (4) Provided, further, any memb er who has elected a vested
20132013 benefit pursuant to Section 917 of this title shall be entitled to
20142014 receive benefits as outlined in this section except the percent
20152015 factor and the member’s maximum compensation le vel in effect the
20162016 date the member’s employment was terminated with a participating
20172017 employer shall be applicable.
20182018 (5) Any member who is a correctional offic er or a probation and
20192019 parole officer employed by the Department o f Corrections at the time
20202020 of retirement and who retires on or before June 30, 2000, s hall be
20212021 entitled to receive an annua l retirement benefit equal to tw o and
20222022 one-half percent (2 1/2%) of the final average compensation of the
20232023 member not to exceed Twenty -five Thousand Dollars ($25,000.00) an d
20242024 two percent (2%) of the final average salary in excess of Twenty-
20252025 five Thousand Dollars ($25,000.00) but not exceedin g the maximum
20262026 compensation level as pr ovided in paragraph (9) of Section 902 of
20272027 this title, multiplied by the number of years of service a s a
20282028 correctional officer or a probation and parole officer; provided,
20292029 any years accrued prior to July 1, 1990, as a co rrectional officer
20302030 or a probation and parole officer by a member who is employed as a
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20822082 correctional officer or a probation and parole offic er on July 1,
20832083 1990, shall be calculated for retire ment purposes at two and one -
20842084 quarter percent (2 1/4%) of the final a verage compensation of the
20852085 member not to exceed Twenty-five Thousand Dollars ($25,000.00) and
20862086 two percent (2%) of the final average salary in excess of Twenty-
20872087 five Thousand Dollars ($25,00 0.00) but not exceeding the maximum
20882088 compensation level as provided i n paragraph (9) of Section 902 of
20892089 this title, multiplied by the number of years of such service and
20902090 any years in excess of twenty (20) yea rs as such an officer or years
20912091 credited to the member in accordance with the provision s of Section
20922092 913 of this title shall be calculated for retirement purp oses at two
20932093 percent (2%) of the final average compensation of the member
20942094 multiplied by the number of years of such service. Any person who
20952095 contributes to the System as a correctional of ficer or a probation
20962096 and parole officer as provided in paragraph (b) o r (c) of subsection
20972097 (1) of Section 919.1 of this title, on or bef ore June 30, 2000, but
20982098 who does not make such contributions after June 30, 2000, and who
20992099 does not qualify for normal reti rement under subparagraph (c) of
21002100 paragraph (24) of Section 902 of this title shall have retirement
21012101 benefits for each year of full -time-equivalent participating service
21022102 as a correctional or a probation and parole officer after July 1,
21032103 1990, computed on two and one-half percent (2 1/2%) of the final
21042104 average compensation based upon those years as a correctional
21052105 officer or a probation and par ole officer. Provided, further, an y
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21572157 fugitive apprehension agent shall be entitled to receive benefits as
21582158 outlined in this act Section 901 et seq. of this title for service
21592159 as a fugitive apprehension agent prior to July 1, 2002, only upon
21602160 payment to the System of the employee contributions which would have
21612161 been paid if such fugitive apprehen sion agent had been covered by
21622162 this section prior to the effective date of this act July 1, 2002,
21632163 plus interest of not to exceed ten percent (10%) as d etermined by
21642164 the Oklahoma Public Employees Retire ment Board of Trustees. The
21652165 Department of Corrections m ay make the employee contribution and
21662166 interest payment on behalf of such member.
21672167 (6) Any member who is a correctional officer, a probation and
21682168 parole officer or a fugitive apprehension agent employed by the
21692169 Department of Corrections at the time of retirem ent and who retires
21702170 on or after July 1, 2002, shall be entitled to receive an annual
21712171 retirement benefit equal to two a nd one-half percent (2 1/2%) of the
21722172 final average compensation of the member, but not exceeding the
21732173 maximum compensation level as provided in paragraph (18) of Section
21742174 902 of this title, multiplied by the number of years of service as a
21752175 correctional officer, a probation and parole officer or a fugit ive
21762176 apprehension agent, and any years in excess of twenty (20) years as
21772177 such an officer or age nt, or years credited to the member in
21782178 accordance with the provisions of Section 913 of this t itle, shall
21792179 be calculated for retirement purposes at two percent (2% ) of the
21802180 final average compensation of the member multiplied by the number of
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22322232 years of such service. For purposes of this paragraph, “final
22332233 average compensation ” shall be determined by co mputing the average
22342234 annual salary, in the manner prescribed by parag raph (18) of Section
22352235 902 of this title, for the highest three (3) years of the last ten
22362236 (10) years of participating service immediately preceding retirement
22372237 or termination of employment fo r all years of service p erformed by
22382238 such member, both for years of s ervice performed as a correctional
22392239 officer, probation and parole officer or fugitive apprehens ion
22402240 agent, not in excess of twenty (20) years, and for years of service
22412241 performed in excess of twenty (20) years, whet her as a correctional
22422242 officer, probation and parole officer, fugitive apprehension agent
22432243 or other position unless the computation of benef its would result in
22442244 a lower retirement benefit amount than if final average compensation
22452245 were to be computed as otherw ise provided by this paragraph. “Final
22462246 average compensation” Final average compensati on shall be determined
22472247 by computing the average annu al salary for the highest five (5) of
22482248 the last ten (10) years of participating service immediately
22492249 preceding retirement or termination of employment, with re spect to
22502250 members whose first participating service occurs on or after July 1,
22512251 2013.
22522252 (7) Any member who is a correctional officer, a probation and
22532253 parole officer or a fugitive apprehension agent who has at least
22542254 five (5) years of service as a correctional officer, a probation and
22552255 parole officer or a fugitive apprehension age nt who is in such
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23072307 position on June 30, 2004, or who is hired after June 30, 2004, in
23082308 such position, and who receives a promotion or change in job
23092309 classification after June 30, 2004, to a nother position in the
23102310 Department of Corrections, and who is employed by the Department of
23112311 Corrections at the time of retirement and who retires on or after
23122312 July 1, 2004, shall be entitled to receive an annual retirem ent
23132313 benefit equal to two and one -half percent (2 1/2%) of the final
23142314 average compensation of the member, but n ot exceeding the maximum
23152315 compensation level as provided in paragraph (18) of Section 902 of
23162316 this title, multiplied by the number of years of servic e with the
23172317 Department of Corrections an d any years in excess of twenty (20)
23182318 years with the Department or year s credited to the member in
23192319 accordance with the provisions of Section 913 of this title, shall
23202320 be calculated for retirement purposes at two percent (2%) of the
23212321 final average compensation of the member multiplied by the number of
23222322 years of such service. For purposes of this paragraph, “final
23232323 average compensation ” shall be determined by computing the average
23242324 annual salary, in the manner prescribed by p aragraph (18) of Section
23252325 902 of this title, for the highest three (3) years of the last ten
23262326 (10) years of participating service immediatel y preceding retirement
23272327 or termination of employment for all years of service performed by
23282328 such member with the Departm ent. “Final average compensation ” Final
23292329 average compensation shall be determined by c omputing the average
23302330 annual salary for the highest five (5) of the last ten (10) years of
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23822382 participating service immediately preceding retirement or
23832383 termination of employm ent, with respect to members w hose first
23842384 participating service occurs on or after July 1, 2013.
23852385 (8) Any person who contributed to the S ystem as a correctional
23862386 officer, a probation and parole officer or a fugitive apprehension
23872387 agent as provided in paragrap h (b) or (c) of subsection (1) of
23882388 Section 919.1 of this title, and who retires under normal retirement
23892389 or early retirement on or after J anuary 1, 2004, under paragraph
23902390 (24) of Section 902 of this title, and any public safety officer
23912391 described by paragraph (37) of Section 902 of this ti tle hired on or
23922392 after the effective date of this act July 1, 2016, by the Grand
23932393 River Dam Authority and who r etires on or after the effective date
23942394 of this act July 1, 2016, shall have retirement benefits for each
23952395 year of full-time-equivalent participating service as a correcti onal
23962396 officer, a probation and parol e officer or a fugitive apprehension
23972397 agent, or Grand River Dam public safety officer computed on two and
23982398 one-half percent (2 1/2%) of the final average compensation based
23992399 upon those years as a correctional officer, a prob ation and parole
24002400 officer, a fugitive apprehension agent or a Grand River D am public
24012401 safety officer. For purpose s of this paragraph, “final average
24022402 compensation” shall be determined by computing the averag e annual
24032403 salary, in the manner prescribed by paragr aph (18) of Section 902 of
24042404 this title, for the highest three (3) years of the last ten (10)
24052405 years of participati ng service immediately preceding retirement or
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24572457 termination of employment for all years of ser vice performed by such
24582458 member, both for years of se rvice performed as a correctional
24592459 officer, probation and parole officer or fugitive apprehension
24602460 agent, or years of service performed as a Grand River Dam public
24612461 safety officer, not in excess of twenty (20 ) years, and for years of
24622462 service performed in exce ss of twenty (20) years, whether as a
24632463 correctional officer, probation and parole officer, fugitive
24642464 apprehension agent, Grand River Dam public safety officer, or other
24652465 position unless the computation of ben efits would result in a lower
24662466 retirement benefit am ount than if final average compensa tion were to
24672467 be computed as otherwise p rovided by this paragraph. “Final average
24682468 compensation” Final average compensation shall be determined by
24692469 computing the average an nual salary for the highest five (5) of the
24702470 last ten (10) years of participating ser vice immediately preceding
24712471 retirement or termination of employment, with respect to members
24722472 whose first participating service occurs on or after July 1, 2013,
24732473 or with respect to Grand River Dam public safety officers whose
24742474 first participating service occur s on or after the effective date of
24752475 this act July 1, 2016.
24762476 (9) Any member who is :
24772477 a. initially on or after July 1, 200 2, employed as a
24782478 firefighter for the Oklahoma Military Department of
24792479 the State of Oklahoma and who retires on or after the
24802480 member’s normal retirement date shall be entitled to
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25322532 receive an annual retirement benefit equal to two and
25332533 one-half percent (2 1/2%) of the final average
25342534 compensation of the member multi plied by the number of
25352535 years of service in such ser vice,
25362536 b. (1) a firefighter who perf orms firefighting services
25372537 for the Oklahoma Military Department of the State
25382538 of Oklahoma prior to July 1, 2002, and who makes
25392539 an election in writing on a form prescrib ed for
25402540 this purpose by the System not later than
25412541 December 31, 2002, shall be entitled to receive a
25422542 retirement benefit based upon two and one -half
25432543 percent (2 1/2%) of the final average
25442544 compensation of the member multipl ied by the
25452545 number of years of service as a firefighter with
25462546 the Oklahoma Military Department of the State of
25472547 Oklahoma on or after July 1, 2002. The election
25482548 authorized by this sub division shall be
25492549 irrevocable once the election is filed with the
25502550 System,
25512551 (2) a firefighter who perfo rms firefighting services
25522552 for the Oklahoma Military Department of the State
25532553 of Oklahoma prior to July 1, 2002, and who makes
25542554 the election in division (1) o f this subparagraph
25552555 may also make an election in writing o n a form
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26072607 prescribed for this purpose by the System not
26082608 later than December 31, 2002, to receive a
26092609 retirement benefit based upon two and one -half
26102610 percent (2 1/2%) of the final average
26112611 compensation of the member multiplied by the
26122612 number of years of service a s a firefighter with
26132613 the Oklahoma Military Department of the State of
26142614 Oklahoma prior to July 1, 2002. The election
26152615 authorized by this subdivision shall be
26162616 irrevocable once the election is filed wit h the
26172617 System. Retirement benefits shall be calculated
26182618 based upon the two and one -half percent (2 1/2%)
26192619 multiplier upon payment being made pursuant to
26202620 Section 913.5 of this title.
26212621 (10) Any person who contributes to the System as a deputy
26222622 sheriff or county jailer as provided in paragraph (f) of subsection
26232623 (1) of Section 919.1 of this tit le, and who retires under normal
26242624 retirement or early retirement unde r division (v) of subparagraph
26252625 (d) of paragraph (24) of Section 902 of this title, shall have
26262626 retirement benefits for each year of full -time-equivalent
26272627 participating service as a deputy sh eriff or county jailer computed
26282628 on two and one-half percent (2 1/2%) of the final average
26292629 compensation based upon those years as a deputy sheriff or county
26302630 jailer, and any years in excess of twenty (20) years as a deputy
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26822682 sheriff or county jailer, or years credited to the member in
26832683 accordance with the provisions of Section 913 of this title, shall
26842684 be calculated for retirement purposes at two percent (2%) of the
26852685 final average compensation of the member multiplied by the number of
26862686 years of such service. For p urposes of this paragraph, “final
26872687 average compensation” shall be determined by computing the average
26882688 annual salary, in the manner prescribed by paragraph (18) of Section
26892689 902 of this title, both for years of service performed as a deputy
26902690 sheriff or county jailer not in excess of twenty (20) years, and for
26912691 years of service performed in excess of twenty (20) years, whether
26922692 as a deputy sheriff or county jailer.
26932693 (11) Any person who contributes to the System as a n emergency
26942694 medical service personnel as provided in para graph (h) of subsection
26952695 (1) of Section 919.1 of this title, and who retires under normal
26962696 retirement or early retirement under division (vii) of subparagraph
26972697 (d) of paragraph (24) of Section 902 of this title, shall have
26982698 retirement benefits for each year of full -time-equivalent
26992699 participating service as an emergency medical service personnel
27002700 computed on two and one -half percent (2 1/2%) of the final average
27012701 compensation based upon those years as an emergency medical service
27022702 personnel. Any years of full-time-equivalent participating service
27032703 in excess of twenty (20) years as an emergency medical personnel, or
27042704 years credited to the member in accor dance with the provisions of
27052705 Section 913 of this title, shall be calculated for retirement
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27572757 purposes at two percent (2%) of the final average com pensation of
27582758 the member multiplied by the number of years of such service. For
27592759 the purposes of this paragraph, “final average compensation” shall
27602760 be determined by computing the average annual salary, in the manner
27612761 prescribed by paragraph 18 of Section 902 of this title, both for
27622762 years of service performed as an emergency medical personnel no t in
27632763 excess of twenty (20) years, and for years of service performed in
27642764 excess of twenty (20) years, as an emergency medical service
27652765 personnel.
27662766 (12) Upon death of a retiree, there shall be paid to his or her
27672767 beneficiary an amount equal to the excess, if a ny, of his or her
27682768 accumulated contributions over the sum of all retirement benefit
27692769 payments made.
27702770 (12) (13) Such annual retirement benefits shall be paid in
27712771 equal monthly installments, except that the Board may provide for
27722772 the payment of retirement benefi ts which total less than Two Hundred
27732773 Forty Dollars ($240.00) a year on other than a monthly basis.
27742774 (13) (14) Pursuant to the rules established by the Board, a
27752775 retiree receiving monthly benefits from the System may authorize
27762776 warrant deductions for any prod ucts currently offered to active
27772777 state employees through the Employees Benefits Council Oklahoma
27782778 Employees Insurance and Benefits Board , provided that product is
27792779 offered to state retirees as a group and has a minimum participation
27802780 of five hundred state retirees. The System has no responsibility
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28322832 for the marketing, enrolling or administration of such products, but
28332833 shall retain a processing fee of two percent (2%) of the g ross
28342834 deductions for the products. Retirement benefit deductions shall be
28352835 made for membership dues for any statewide association for whi ch
28362836 payroll deductions are authorized pursuant to subsection B of
28372837 Section 34.70 of Title 62 of the Oklahoma Statutes for retired
28382838 members of any state -supported retirement system, upon proper
28392839 authorization given by the member to the board from which the memb er
28402840 or beneficiary is currently receiving retirement benefits.
28412841 B. A member shall be considered disabled if such member
28422842 qualifies for the payment of Social Security disability benefits, or
28432843 the payment of benefits pursuant to the Railroad Retirement Act of
28442844 1974, Section 231 et seq. of Title 45 of the United States Code, and
28452845 shall be eligible for benefits hereunder upon proof of such
28462846 disability, provided such m ember is an active regularly scheduled
28472847 employee with a participating employer at the time of injury o r
28482848 inception of illness or disease resulting in subsequent
28492849 certification of eligibility for Social Security disability be nefits
28502850 by reason of such injury, il lness or disease, providing such
28512851 disability is certified by the Social Security Administration within
28522852 one (1) year after the last date physically on the job and after
28532853 completion of at least eight (8) years of participatin g service or
28542854 combined prior and par ticipating service or resulting in subsequent
28552855 certification of eligibility of disability by the Railr oad
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29072907 Retirement Board providing such certification is made by the
29082908 Railroad Retirement Board within one (1) year after the last date
29092909 physically on the job an d after completion of at least eight (8)
29102910 years of participating service or combined prior and partici pating
29112911 service. The member shall submit to the Retirement System the
29122912 Social Security Award Notice or the Railroad Retir ement Award Notice
29132913 certifying the date of entitlement for disability benefits, as
29142914 issued by the Social Security Administration, Departme nt of Health
29152915 and Human Services or the Railroad Retirement Board. Disability
29162916 benefits shall become effective on the dat e of entitlement as
29172917 established by the Social Security Administration or the Railroad
29182918 Retirement Board, but not before the first day of the month
29192919 following removal from the payroll, whichever is later, a nd final
29202920 approval by the Retirement System. Benefits shall be based upon
29212921 length of service and compensation as of the date of disability,
29222922 without actuarial reduction because of commencemen t prior to the
29232923 normal retirement date. The only optional form of b enefit payment
29242924 available for disability benefits is O ption A as provided for in
29252925 Section 918 of this title. Option A must be elected in accordance
29262926 with the provisions of Section 918 of this title. Benefit payments
29272927 shall cease upon the member ’s recovery from disability prior to the
29282928 normal retirement date. F uture benefits, if any, shall be pa id
29292929 based upon length of service and compensation as of the date of
29302930 disability. In the event that dis ability ceases and the member
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29822982 returns to employment within the Syst em credited service to the date
29832983 of disability shall b e restored, and future benefits sha ll be
29842984 determined accordingly.
29852985 C. A member who incurred a disability pursuant to subsection B
29862986 of this section on or after July 1, 1999, and who has retired from
29872987 the System with an early retirement benefit pending certific ation
29882988 from the Social Security Admi nistration or the Railroad Retirement
29892989 Board shall receive a retirement benefit not less than the
29902990 disability retirement benefit provided by subsection B of this
29912991 section once the System receives a Social Security Award Noti ce or a
29922992 Railroad Retirement Award N otice pursuant to subsection B of this
29932993 section and a completed Application for Disability Benefits
29942994 application for disability benefits . In addition, such member shall
29952995 receive the difference, if any, betw een the early retirement benefit
29962996 and the disability benefit from the date the Social Security
29972997 Administration or the Railroad Retirement Board establishes
29982998 disability entitlement.
29992999 D. Any actively participating member of the System on or after
30003000 July 1, 1998, except for those employees provided in subparagraph
30013001 (e) of paragraph (14) of Section 902 of this tit le, whose employment
30023002 is less than full-time, shall have his or her final average
30033003 compensation calculated on an annualized basis using his or her
30043004 hourly wage subject to the maximum compensation limits; provide d,
30053005 however, any such member whose first particip ating service occurred
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30573057 before July 1, 2013, and who h as at least three (3) years of full -
30583058 time employment during the last ten (10) years immediately precedin g
30593059 termination or retirement shall not be eligible fo r the
30603060 annualization provisions contained herein; and provided further, any
30613061 such member whose first pa rticipating service occurred on or after
30623062 July 1, 2013, and who has at least five (5) years of full -time
30633063 employment during the last ten (10) years immediate ly preceding
30643064 termination or retirement shall not be eligible for the
30653065 annualization provisions contain ed herein. The Board of Trustees
30663066 shall promulgate such administrative rules as are necessary to
30673067 implement the provisions of this subsection.
30683068 SECTION 3. AMENDATORY 74 O.S. 2021, Section 916.3, is
30693069 amended to read as follows:
30703070 Section 916.3. A. 1. Notwithstanding the provisions of
30713071 Sections 901 through 932 of this title, a monthly pension, as
30723072 provided in subsection B of this section, shall be paid on behalf of
30733073 any member who is a correctional officer or probation and parole
30743074 officer of the Department of Corrections and who is killed or
30753075 mortally wounded on or after January 1, 2000, during the performa nce
30763076 of the member’s duties for the Department or any employee of the
30773077 Department of Corrections who is killed or mortally wounded after
30783078 June 30, 2004, during the performance of the member ’s duties for the
30793079 Department.
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31313131 2. The monthly pension described in t his section shall be paid
31323132 on behalf of any member first hired by any county that is a
31333133 participating employer in the System as a deputy sher iff or jailer
31343134 on or after November 1, 2020, and who is killed or mortally wounded
31353135 during the performance of the membe r’s duties as a deputy sheriff or
31363136 jailer.
31373137 3. The monthly pension described in this section shall be paid
31383138 on behalf of a licensed emergency medical personnel hired by any
31393139 participating employer for the fir st time as a licensed emergency
31403140 medical personnel on or after the effective date of this act, and
31413141 who is killed or mortally wounded during the per formance of the
31423142 member’s duties as an emergency medical personnel.
31433143 B. The monthly benefit shall be equal to:
31443144 1. Two and one-half percent (2 1/2%);
31453145 2. Multiplied by twenty (20) years of service, regardless of
31463146 the actual number of years of credited service performed by the
31473147 member prior to death, if the member had performed l ess than twenty
31483148 (20) years of credited s ervice, or the actual number of years of
31493149 credited service of the member if greater than twenty (20) y ears;
31503150 3. Multiplied by the member ’s final average compensation; and
31513151 4. Divided by 12.
31523152 C. The pension provided fo r in subsection A of this section
31533153 shall be paid:
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32053205 1. Except as provided in subsection D of this section, to the
32063206 surviving spouse for life; or
32073207 2. If there is no surviving spouse or upon the death of the
32083208 surviving spouse:
32093209 a. to the surviving child or childr en of said member or
32103210 legal guardian of such child or children for such time
32113211 as such child or children are under the age of
32123212 eighteen (18) years, or
32133213 b. to the surviving child or children between the age of
32143214 eighteen (18) and twenty-two (22) years if the child
32153215 is enrolled full time in and is regular ly attending a
32163216 public or private school or any i nstitution of higher
32173217 education.
32183218 D. No surviving spou se shall receive benefits from this
32193219 section, Section 49-113 of Title 11 of t he Oklahoma Statutes,
32203220 Section 50-117 of Title 11 of the Oklahoma Statutes, or S ection 2-
32213221 306 of Title 47 of the Oklahoma Statute s as the surviving spouse of
32223222 more than one member of the Oklahoma Firefighters Pension and
32233223 Retirement System, the Oklahoma Police Pension and Retirement
32243224 System, the Oklahoma Law Enforcement Retirement System, or the
32253225 Oklahoma Public Employees Retirement Sys tem. The surviving spouse
32263226 of more than one member sh all elect which member’s benefits he or
32273227 she will receive.
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32793279 E. In addition to the pension above provided for, if sai d
32803280 member leaves one or more children und er the age of eighteen (18)
32813281 years or under the a ge of twenty-two (22) years if the child is
32823282 enrolled full-time in and is regularly attending a public or private
32833283 school or any institution of higher education, Four Hun dred Dollars
32843284 ($400.00) a month shall be paid to the surviving spouse or to the
32853285 person having the care and custody of such children if there i s no
32863286 surviving spouse or if the surviving spouse dies and until each
32873287 child reaches the age of eighteen (18) years o r reaches the age of
32883288 twenty-two (22) years if the child is enrolled full -time in and is
32893289 regularly attending a public or private school or any institution of
32903290 higher education.
32913291 F. The pension benefit provided in this s ection shall be made
32923292 prospectively only from the effective date of this act July 1, 2000.
32933293 The benefits shall be payable beginn ing the later of the first day
32943294 of the month following the date that such employee was killed or
32953295 dies from a mortal wound, as provided in this section, or the
32963296 effective date of th is act July 1, 2000.
32973297 G. The Board of Trustees of the Oklahoma Public Employees
32983298 Retirement System shall promulgate such rules as ar e necessary to
32993299 implement the provisions of this section.
33003300 SECTION 4. AMENDATORY 74 O.S. 2021, Sectio n 919.1, is
33013301 amended to read as follows:
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33533353 Section 919.1. (1) Employee contributions to the Oklahoma
33543354 Public Employees Retirement System shall be:
33553355 (a) for employees except a s otherwise provided in
33563356 paragraphs (b), (c), (d), (e), (f) , and (g), and (h)
33573357 of this subsection: beginning Ju ly 1, 2006, and
33583358 thereafter, three and one-half percent (3.5%) of
33593359 allowable annual compensation;,
33603360 (b) for correctional officers and probation a nd parole
33613361 officers employed by the Department of Corrections:
33623362 beginning July 1, 199 8, and thereafter, and for
33633363 correctional officers or probation and parole officers
33643364 who are in such position on June 30, 2004, or who are
33653365 hired after June 30, 2004, and who r eceive a promotion
33663366 or change in job classification after June 30, 2004,
33673367 to another position in the Department of C orrections,
33683368 so long as such officers have at least five (5) years
33693369 of service as a correctional office r or probation and
33703370 parole officer, eight percent (8%) of allowable
33713371 compensation as provided in paragraph (9) of Section
33723372 902 of this title;,
33733373 (c) for fugitive apprehension agents who are employe d with
33743374 the Department of Corrections on or after July 1,
33753375 2002, and for fugitive apprehension agents who ar e in
33763376 such position on June 30, 2004, or who are hired after
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34283428 June 30, 2004, and who receive a promotion or change
34293429 in job classification after June 30, 2004, to another
34303430 position in the Department of Corrections, so l ong as
34313431 such agents have at least five (5) years of service as
34323432 a fugitive apprehension agent, eight percent (8%) of
34333433 allowable compensation as provided in pa ragraph (9) of
34343434 Section 902 of this ti tle;,
34353435 (d) for firefighters of the Oklahoma Military Department
34363436 of the State of Oklahoma first employed beginning July
34373437 1, 2002, and thereafter, and such firefighters who
34383438 performed service pr ior to July 1, 2002, for the
34393439 Oklahoma Military Department of the State of Oklahoma
34403440 and who make the election authorize d by division (1)
34413441 of subparagraph b of paragraph (9) of subsection A of
34423442 Section 915 of this title who perf orm service on or
34433443 after July 1, 2002, in such capacity, eight percent
34443444 (8%) of allowable co mpensation as provid ed in
34453445 subsection paragraph (9) of Section 902 of this
34463446 title;,
34473447 (e) for all public safety officers of the Grand River Dam
34483448 Authority as defined by par agraph (37) of Section 902
34493449 of this title, eight percent (8%) of allowable
34503450 compensation as provided i n paragraph (9) of Section
34513451 902 of this title;,
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35033503 (f) for deputy sheriffs and county jailers employed by any
35043504 county that is a participating employer in the Syst em
35053505 for the first time as a dep uty sheriff or jailer on or
35063506 after November 1, 2020, eight percent (8%) of
35073507 allowable compensation as provided in paragrap h (9) of
35083508 Section 902 of this title; and,
35093509 (g) for licensed emergency medical personnel employed by
35103510 any participating employer as a licensed emergency
35113511 medical personnel for the first time on or after the
35123512 effective date of this act, eight percent (8%) of
35133513 allowable compensation as provided in paragraph ( 9) of
35143514 Section 902 of this title, and
35153515 (h) for all employees except those who mak e contributions
35163516 pursuant to paragraphs (b), (c), (d), (e) , and (f),
35173517 and (g) of this subsection who m ake an irrevocable
35183518 written election pursuant to paragraph (2) of
35193519 subsection A of Section 915 of this title: six and
35203520 forty-one one-hundredths percent ( 6.41%) of allowable
35213521 annual compensation.
35223522 The contributions required by paragra phs (b), (c), (e), and (f),
35233523 (g), and (h) of this subsection shall be made b y a member for not
35243524 more than twenty (20) years and thereafter shall be as provided in
35253525 paragraph (a) of this subsection.
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35773577 (2) Contributions shall be deducted by each state agency by the
35783578 participating employer for such benefits as the Board is authorized
35793579 to administer as provided for by law. Employee and employer
35803580 contributions shall be remitted monthly, or a s the Board may
35813581 otherwise provide, to the Executive Director for deposit in th e
35823582 Oklahoma Public Employees Retirement Fund.
35833583 (3) Each participating employ er shall pick up under the
35843584 provisions of Section 414(h)(2) of the Interna l Revenue Code of 1986
35853585 and pay the contribution which the me mber is required by law to make
35863586 to the System for all compensation earned a fter December 31, 1988.
35873587 Although the contributi ons so picked up are designated as member
35883588 contributions, such contributio ns shall be treated as contrib utions
35893589 being paid by the parti cipating employer in lieu of contributions by
35903590 the member in determining tax treatment under the Internal Revenue
35913591 Code of 1986 and such picked up contributions shall not be
35923592 includable in the gross income of the member until suc h amounts are
35933593 distributed or made available to the member or the beneficiary o f
35943594 the member. The member, by the terms of this System, shall not have
35953595 any option to choose to receive the contributions so picked up
35963596 directly and the picked up contributions mus t be paid by the
35973597 participating employer to the System.
35983598 Member contributions wh ich are picked up shall be treated in the
35993599 same manner and to the same exten t as member contributions made
36003600 prior to the date on which member contribu tions were picked up by
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36523652 the participating employer. Member contributions so picked up shall
36533653 be included in gross salary for purposes o f determining benefits and
36543654 contributions under t he System.
36553655 The participating employer shall pay the member contributions
36563656 from the same source of funds used in paying salary to the m ember,
36573657 by effecting an equal cash reduction in g ross salary of the member.
36583658 (4) By September 1, 1989, the System shall refu nd the
36593659 accumulated employee contributions of any member who elects to
36603660 retain the member’s membership in the Teachers’ Retirement System of
36613661 Oklahoma, in accordance with Section 17 -104 of Title 70 of the
36623662 Oklahoma Statutes, to such member. Upon the refund of the
36633663 accumulated employee contributions referred to in this subsection,
36643664 all benefits and rights accrued to such member are terminated .
36653665 SECTION 5. AMENDATORY 74 O.S. 2021, Section 9 20A, is
36663666 amended to read as follows:
36673667 Section 920A. A. Any county, county hospital, city or town,
36683668 conservation district, ci rcuit engineering district or any public or
36693669 private trust in which a county, city or town participates an d is
36703670 the primary beneficiary, which is a participating employer and any
36713671 eligible employee shall contribute to the Oklahoma Public Employees
36723672 Retirement System. The total employer an d employee contributions
36733673 shall be based on the allowable annual compensation a s defined in
36743674 paragraph (9) of Section 902 of this title. Except as provided f or
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37263726 in this section, the employer shal l not pay for the employee any of
37273727 the employee contribution to the System.
37283728 B. For the fiscal year ending June 30, 2005, the total employer
37293729 and employee contributions s hall equal thirteen and one-half percent
37303730 (13 1/2%) of the allowable monthly compensation of each member;
37313731 provided, however, each participating employer listed in this
37323732 section may set the amount of the employer and employee contri bution
37333733 to equal thirteen an d one-half percent (13 1/2%) of the allowable
37343734 monthly compensation of each member for co mpensation as provided in
37353735 paragraph (9) of Section 902 of this title; provided, the employer
37363736 contribution shall not exceed ten percent (10%) and the employee
37373737 contribution shall not exceed eight and one-half percent (8 1/2%).
37383738 C. The total employer and empl oyee contributions for fiscal
37393739 years following the fiscal year e nding June 30, 2005, shall be as
37403740 follows:
37413741 July 1, 2005 – June 30, 2006 15%
37423742 July 1, 2006 – June 30, 2007 16%
37433743 July 1, 2007 – June 30, 2008 17%
37443744 July 1, 2008 – June 30, 2009 18%
37453745 July 1, 2009 – June 30, 2010 19%
37463746 July 1, 2010 – June 30, 2011 and
37473747 each fiscal year thereafter 20%
37483748 Such employee and employer contributions shall be based upon t he
37493749 allowable monthly compen sation of each member for compensation as
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38013801 provided in paragraph (9) of Section 902 of th is title. The maximum
38023802 employer contribution of ten percent (10 %) in subsection B of this
38033803 section shall increase by one and one -half percent (1.5%) beginning
38043804 in the fiscal year ending June 30, 2006, and one percent (1%) for
38053805 each fiscal year thereafter unti l it reaches sixteen and one -half
38063806 percent (16.5%). For such ye ars, the employee contribution shall
38073807 not exceed eight and one -half percent (8 1/2%). Notwithstanding any
38083808 other provisions of this section to the contrary, for those members
38093809 described in division (v), or (vi) of subparagraph (d) of paragraph
38103810 (24) of Section 902 of this title, th e county participating employer
38113811 shall contribute sixteen and one-half percent (16 1/2%) and the
38123812 employee shall contribute eight percent (8%) for a total of twenty -
38133813 four and one-half percent (24 1/2%).
38143814 D. For members who make t he election pursuant to paragr aph (2)
38153815 of subsection A of Section 915 of this t itle, the employee
38163816 contribution shall increase by two and ninety-one one-hundredths
38173817 percent (2.91%). Such employee contribution increase shall be paid
38183818 by the employee.
38193819 E. Each participating employer pursuan t to the provisions of
38203820 this section may pick up under the provisions of Section 41 4(h)(2)
38213821 of the Internal Revenue Code of 1986 and pay the contribution which
38223822 the member is required by law to make to the System for all
38233823 compensation earned after December 31, 1989. Although the
38243824 contributions so picked up are designated as member contribut ions,
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38763876 such contributions shall be treat ed as contributions being paid by
38773877 the participating employer in lieu of contributions by the member in
38783878 determining tax treatment under the Internal Revenue Code of 1986
38793879 and such picked up contributions shall not be in cludable in the
38803880 gross income of the mem ber until such amounts are distributed or
38813881 made available to the member or the beneficiary of the member. The
38823882 member, by the terms of t his System, shall not have any option to
38833883 choose to receive the contributions so pi cked up directly and the
38843884 picked up contributions must be paid by the participatin g employer
38853885 to the System.
38863886 F. Member contributions which are pi cked up shall be treated in
38873887 the same manner and to the same extent as member c ontributions made
38883888 prior to the date on which member contributions were pi cked up by
38893889 the participating employer. Me mber contributions so picked up shall
38903890 be included in gross sala ry for purposes of determining benefits and
38913891 contributions under the System.
38923892 G. The participating employer shall pay the member
38933893 contributions from the same source of funds used in paying salary to
38943894 the member, by effecting an equal cash reduction in gross s alary of
38953895 the member.
38963896
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