reglab/statecodes huggingface dataset:
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 1 - Administrative Operations › Section 715:1-1-15 - Distribution Rules

Current through Vol. 41, No. 20, July 1, 2024
(a) Notwithstanding
			 any other provision of the administrative code, all benefits paid from the
			 retirement system (other than the tax-sheltered annuity program) shall be
			 distributed in accordance with the requirements of Section 401(a)(9) of the
			 Internal Revenue Code and Treasury Regulations § 1.401(a)(9)-1 through
			 §1.401(a)(9)-9, even if the member has not submitted the appropriate notice.
			 These provisions override any distribution options that are inconsistent with
			 Internal Revenue Code Section 401(a)(9).
(b) In furtherance of this section, the Board
			 of Trustees and its designee will apply the following provisions:
(1) The entire interest of each member:
(A) will be distributed to such member not
			 later than the required beginning date; or
(B) will be distributed beginning not later
			 than the required beginning date, in accordance with Treasury regulations over
			 the life of such member or over the lives of such member and a designated
			 beneficiary (or over a period not extending beyond the life expectancy of such
			 member or the life expectancies of such member and a designated
			 beneficiary).
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 1 - Administrative Operations › Section 715:1-1-16 - General IRS qualification rules

Current through Vol. 41, No. 20, July 1, 2024
In addition to other Code provisions otherwise noted, and in
				order to satisfy the applicable requirements under the Code, the retirement
				system shall be subject to the following provisions, notwithstanding any other
				provision of the retirement system law:
(1) The Board of Trustees shall distribute
			 the corpus and income of the retirement system to the members and their
			 beneficiaries in accordance with the retirement system law.
(2) Forfeitures arising from severance of
			 employment, death, or for any other reason may not be applied to increase the
			 benefits any member would otherwise receive under the retirement system
			 law.
(3) The Board of Trustees or
			 its designee may not:
(A) determine
			 eligibility for benefits,
(B)
			 compute rates of contribution, or
(C) compute benefits of members or
			 beneficiaries in a manner that discriminates in favor of members who are
			 considered officers, supervisors, or highly compensated, as prohibited under
			 Code Section 401(a)(4)
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 1 - Administrative Operations › Section 715:1-1-17 - Inspection, copy and/or reproduction fees

Current through Vol. 41, No. 20, July 1, 2024
(a) Any request for a copy of a record not
			 deemed confidential under 70.O.S. §17-109.1 from the Teachers' Retirement
			 System of Oklahoma shall be granted upon payment of the following fees:
(1) First six (6) pages - Free
(2) Additional pages - $0.25 per
			 page
(3) Certified Copies - $1.00
			 per page
(4) Facsimiles (Fax) -
			 $1.00 per page
(5) Magnetic tapes
			 or other electronic media - Actual cost
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 1 - Administrative Operations › Section 715:1-1-18 - Retirement benefit reduction to pay a judgment or settlement as an offset

Current through Vol. 41, No. 20, July 1, 2024
The Board of Trustees may approve an offset of a member's
				benefit to pay a judgment or settlement against the member for a crime
				involving the System, for a breach of the member's fiduciary duty to the
				System, or for funds or monies incorrectly paid to a member or a beneficiary by
				mistake. Such offsets will be made in accordance with any applicable state
				statutes and requirements of Section 401(a)(13) of the Internal Revenue Code of
				1986.
Added at 17 Ok Reg 202,
				eff 9-8-99 (emergency); Added at 17 Ok Reg 3068, eff
				7-13-00
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 1 - Membership Provisions › Section 715:10-1-1 - Purpose

Current through Vol. 41, No. 20, July 1, 2024
The rules of this Chapter have been adopted for the purpose
				  of complying with and implementing the provisions of 70 O.S., Section 17-102 et
				  seq, which establish the Teachers' Retirement System of Oklahoma and place it
				  under the management of the Board of Trustees.
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 1 - Membership Provisions › Section 715:10-1-2 - TRS membership eligibility

Current through Vol. 41, No. 20, July 1, 2024
TRS membership eligibility shall be governed by Title 70,
				  Oklahoma Statutes, Section
				  17-103
				  [70 O.S. 17-103] and OAC
				  715:10-1-3,
				  OAC
				  715:10-1-4
				  and OAC
				  715:10-1-5.
Amended at 22 Ok Reg
				  2255, eff 6-25-05; Amended at 29 Ok Reg 854, eff
				  8-1-12
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 1 - Membership Provisions › Section 715:10-1-3 - Mandatory TRS membership

Current through Vol. 41, No. 20, July 1, 2024
Except as provided in the Alternate Retirement Plan for
				  Comprehensive Universities Act, all classified employees are required by 70
				  O.S. 17-103 to be members of the Teachers' Retirement System as a condition of
				  employment.
Amended at 22 Ok Reg
				  2255, eff 6-25-05; Amended at 29 Ok Reg 854, eff
				  8-1-12
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 1 - Membership Provisions › Section 715:10-1-4 - Optional TRS membership

Current through Vol. 41, No. 20, July 1, 2024
The following employees are eligible to be members of TRS at
				  their option:
(1) "Non-classified
				optional personnel" regularly employed by the public, state-supported
				educational institutions in Oklahoma for twenty (20) hours or more per week at
				a rate of compensation comparable to other persons employed in similar
				positions and receive payment for service by a school or state warrant,
				recorded on a warrant register with standard payroll deductions, and receive
				benefits generally provided to regular employees provided,
(A) A non-classified optional employee shall
				have thirty (30) days from the date of hire or initial eligibility to join the
				System, whichever is later, to make a one-time written irrevocable election to
				opt out of the System on a form provided by TRS. If an eligible employee fails
				to make an election within the thirty-day period, the eligible employee shall
				be deemed to participate in the System.
(B) A non-classified optional employee who
				opts out of participation in the System shall be ineligible for future
				participation in the System; provided, however, that if the employee is hired
				for a classified position, he or she shall become a member of the System but
				shall not be eligible for prior service credit for service performed while
				employed in a non-classified position during which time the employee opted out
				of participation in the System.
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 1 - Membership Provisions › Section 715:10-1-5 - Ineligible for TRS membership

Current through Vol. 41, No. 20, July 1, 2024
The following employees are ineligible to be members of the
				  Teachers' Retirement System. (Note: Ineligible employment cannot be combined
				  with eligible employment.)
(1) A
				non-classified employee working less than 20 hours per week.
(2) A substitute, irregular, seasonal,
				graduate assistant, fellowship recipient, adjunct supplemental or temporary
				employee. (Note: Certain substitute and adjunct employment may qualify for
				service credit. See OAC
				715:10-5-2
				and OAC
				715:10-5-34
				).
(3) Persons employed as a
				consultant or persons contracting with a public school to transport students,
				to provide food service, or to provide any other services, who are not
				"regular" employees of the school. (NOTE: School bus drivers or food service
				personnel who are regular employees of the school are eligible for membership,
				subject to the requirements of OAC
				715:10-1-2,
				10-1-4, 10-1-5.)
(4) An employee
				whose primary function at a school or institution is that of a student. If both
				the following conditions apply, a person employed in an Oklahoma public school,
				college or university shall be considered to be a student employee.
(A) The employment is conditional upon the
				employee's being enrolled as a student at the same institution; and
(B) The employee has no other employment
				during the same payroll period which is eligible for membership in
				TRS.
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 1 - Membership Provisions › Section 715:10-1-5 - Ineligible for TRS membership

Current through Vol. 41, No. 20, July 1, 2024
The following employees are ineligible to be members of the
				  Teachers' Retirement System. (Note: Ineligible employment cannot be combined
				  with eligible employment.)
(1) A
				non-classified employee working less than 20 hours per week.
(2) A substitute, irregular, seasonal,
				graduate assistant, fellowship recipient, adjunct, supplemental or temporary
				employee. This provision does not apply to adjuncts as described in 70 O.S. §
				6-122.3 who shall be considered non-classified employees and who may qualify
				for membership pursuant to OAC
				715:10-1-4.
				(Note: Certain substitute and adjunct employment may qualify for service
				credit. See OAC
				715:10-5-2
				and OAC
				715:10-5-34)
				.
(3) Persons employed as a
				consultant or persons contracting with a public school to transport students,
				to provide food service, or to provide any other services, who are not
				"regular" employees of the school. (NOTE: School bus drivers or food service
				personnel who are regular employees of the school are eligible for membership,
				subject to the requirements of OAC
				715:10-1-2,
				10-1-4, 10-1-5.)
(4) An employee
				whose primary function at a school or institution is that of a student. If both
				the following conditions apply, a person employed in an Oklahoma public school,
				college or university shall be considered to be a student employee.
(A) The employment is conditional upon the
				employee's being enrolled as a student at the same institution; and
(B) The employee has no other employment
				during the same payroll period which is eligible for membership in
				TRS.
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 1 - Membership Provisions › Section 715:10-1-5 - Ineligible for TRS membership

Current through Vol. 41, No. 20, July 1, 2024
The following employees are ineligible to be members of the
				  Teachers' Retirement System. (Note: Ineligible employment cannot be combined
				  with eligible employment.)
(1)
				non-classified employee working less than 20 hours per week.
(2) A substitute, irregular, seasonal,
				graduate assistant, fellowship recipient, adjunct supplemental or temporary
				employee. This provision does not apply to adjunct teachers as described in 70
				O.S. § 6-122.3 who shall be considered non-classified employees and who may
				qualify for membership pursuant to OAC
				715:10-1-4. (Note: Certain
				substitute and adjunct employment may qualify for service credit. See OAC
				715:10-5-2 and OAC
				715:10-5-34).
(3) Persons employed as a consultant or
				persons contracting with a public school to transport students, to provide food
				service, or to provide any other services, who are not "regular" employees of
				the school. (NOTE: School bus drivers or food service personnel who are regular
				employees of the school are eligible for membership, subject to the
				requirements of OAC
				715:10-1-2, 10-1-4,
				10-1-5.)
(4) An employee whose
				primary function at a school or institution is that of a student. If both the
				following conditions apply, a person employed in an Oklahoma public school,
				college or university shall be considered to be a student employee.
(A) The employment is conditional upon the
				employee's being enrolled as a student at the same institution; and
(B) The employee has no other employment
				during the same payroll period which is eligible for membership in
				TRS.
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 1 - Membership Provisions › Section 715:10-1-6 - Date of Membership

Current through Vol. 41, No. 20, July 1, 2024
Date of membership is the date the initial contribution is
				  made to TRS under the current membership account. Any former member of TRS who
				  has previously withdrawn contributions and who redeposits said withdrawn
				  contributions as permitted by law shall have his or her initial date of
				  membership reinstated. Any person who transfers service from the Oklahoma
				  Public Employees Retirement System in accordance with 70 O.S., Section
				  17-116.2(L), shall be eligible to use his or her initial entry date into the
				  Oklahoma Public Employees Retirement System as his or her date of membership in
				  TRS for all purposes except the member shall not be considered an ''eligible
				  participant'' under OAC
				  715:10-15-27
				  unless the member first joined TRS prior to July 1, 1996. If a current member
				  purchases non-contributory service for those years of qualified employment
				  prior to the current date of membership, the official date of membership will
				  remain the date the member's current membership account was opened. If a member
				  purchases adjunct service that was performed prior to current date of
				  membership, such purchased service shall be considered contributing service for
				  purposes of vesting and membership date.
Amended at 10 Ok Reg
				  3879, eff 7-12-93; Amended at 12 Ok Reg 295, eff 10-14-94 through 7-14-95
				  (emergency)1; Amended at 12 Ok Reg 3285, eff
				  7-27-95; Amended at 25 Ok Reg 2598, eff 7-11-08; Amended at 29 Ok Reg 854, eff
				  8-1-12
1This emergency action expired
				  before being superseded by a permanent action. Upon expiration of an emergency
				  amendatory action, the last prior permanent text is reinstated. Therefore, on
				  7-15-95 (after the 7-14-95 expiration of the emergency action), the text of
				  section 715:10-1-6 reverted back to the permanent text that became effective
				  7-12-93, and remained as such until amended again by permanent action on
				  7-27-95.
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 1 - Membership Provisions › Section 715:10-1-8 - Membership of Employees of Charter Schools

Current through Vol. 41, No. 20, July 1, 2024
Employees of charter schools created pursuant to 70 OS §
				  3-130 et seq. are eligible for membership in the Teachers' Retirement System
				  providing the governing board of the charter school applies for membership for
				  its regular employees. Upon approval of the application for membership by the
				  Board of Trustees all employees of the charter school shall join the Teachers'
				  Retirement System under the same membership eligibility rules applying to
				  employees of other public schools. Employees of charter schools shall in all
				  circumstances follow the rules applicable to other members of the Teachers'
				  Retirement System. Employees of charter schools that do not apply or are not
				  approved for membership in the Teachers' Retirement System shall not be
				  eligible for retirement service credit for years of employment performed in a
				  non-member status and such employees shall not be eligible to purchase service
				  at anytime subsequent to such employment.
Added at 17 Ok Reg 204,
				  eff 9-8-99 (emergency); Added at 17 Ok Reg 3071, eff
				  7-13-00
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 3 - Service Eligibility › Section 715:10-3-2 - Requirements for fulltime service

Current through Vol. 41, No. 20, July 1, 2024
(a) For
				service performed prior to July 1, 2013, a member employed at least six (6)
				hours per day (30 hours per week) shall be considered a full-time employee.
(1) A full-time employee may receive one (1)
				year of creditable service after completing six (6) months or more of
				employment in a school year.
(2) No
				member shall receive one (1) year of service credit for less than 720 hours of
				employment. (This does not mean that a member working 720 hours is
				automatically entitled to one (1) year of creditable service.)
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 3 - Service Eligibility › Section 715:10-3-3 - Requirements for half-time service

Current through Vol. 41, No. 20, July 1, 2024
(a) For
				service performed prior to July 1, 2013, a member employed at least four (4)
				but less than six (6) hours per day (at least 20 but less than 30 hours per
				week) shall be considered a half-time employee.
(1) A half-time employee may receive one-half
				(1/2) year of creditable service after completing six (6) months or more of
				employment in a school year.
(2) No
				member shall receive one-half (1/2) year of service credit for less than 480
				hours of employment. (This does not mean that a member working 480 hours is
				automatically entitled to one-half (1/2) year of creditable service.
(3) A member who is employed one-half (1/2)
				the standard workload of other persons employed in similar positions shall not
				receive more than one-half (1/2) year of service credit even if total hours
				worked exceed 720 hours.
(4)
				Members who joined TRS prior to July 1, 1991, may receive one-half (1/2) credit
				for a minimum of three (3) hours per day (540 hours per school year) as long as
				they remain employed in the same or similar position for the same employing
				school. Any break in employment shall end this special provision and the member
				will be required to qualify for full-time or half-time credit as provided for
				in Subchapters 1 and 3 of this chapter.
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 3 - Service Eligibility › Section 715:10-3-4 - Combining fractional years of service

Current through Vol. 41, No. 20, July 1, 2024
(a) For service performed prior to July 1,
				2013, fractions of school terms performed as an active contributing member of
				TRS of at least one (1) school month, in different school years, may be
				combined to make a total of six (6) months for one (1) year of creditable
				service. It is not permissible to divide service rendered in one (1) year into
				fractional parts and combine these fractions with service rendered in two (2)
				or more years in order to gain additional years of service. All fractional
				service must be combined together before days of unused sick leave are applied
				to fractional service to obtain service credit. No more than one (1) year of
				credit will be given for all employment in any one (1) school year. However, if
				the member has one hundred twenty (120) or more days of unused sick leave and
				has ninety (90) or more days of combined work experience at the end of the
				school year when the member retires, TRS will grant one (1) year of service
				credit for the 120 days of unused sick leave and round the 90 days of work
				experience to count as one (1) year of service.
(b) For service performed on or after July 1,
				2013, fractional service credit will be added together and the resulting sum
				value shall be included in the retirement formula calculations.
Amended at 23 Ok Reg
				  3073, eff 7-27-06; Amended at 29 Ok Reg 854, eff
				  8-1-12
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 3 - Service Eligibility › Section 715:10-3-5 - Minimum compensation requirements

Current through Vol. 41, No. 20, July 1, 2024
In addition to the above, the following chart outlines the
				  minimum salary levels which constitute membership service credit for the time
				  periods indicated:
Minimum
Required
Allowable Credit
Period
Time Worked
Annual Salary
Monthly
Annually
07/01/43-06/30/61
9 months
$900
- -
1 year
07/01/61-06/30/64
10 months
Less than $1,000
Not Eligible
$1,000
- -
1 year
07/01/64-06/30/84
Less than $1,000
Not Eligible
$1,000-$1,500
1-1/2 months
1/4 year
$1,501-$1,750
3months
1/2 year
$1,751-$1,999
4-1/2 months
3/4 year
$2,000 and over
6 months
1 year
07/01/84-Present
Less than $2,000
Not Eligible
$2,000-$3,000
1-1/2 months
1/4 year
$3,001-$3,500
3 months
1/2 year
$3,501-$3,999
4-1/2 months
3/4 year
$4,000 and over
6 months
1 year
07-01-13 - Present
All fractional service eligible
Amended at 16 Ok Reg
				  743, eff 10-5-98 (emergency); Amended at 16 Ok Reg 3567, eff 9-13-99; Amended
				  at 29 Ok Reg 854, eff 8-1-12
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-1 - Oklahoma service credit after July 1, 1943

Current through Vol. 41, No. 20, July 1, 2024
Members may purchase credit for years of employment from
				  July 1, 1943, to date of membership in the public schools of Oklahoma on which
				  contributions were not remitted. One (1) full year (twelve calendar months) as
				  a contributing member of TRS must be completed before a member may make such
				  purchases. All purchased service must meet Teachers' Retirement System minimum
				  requirements for eligibility, in effect at the time of purchase, and be
				  properly documented before purchase is allowed. Payment shall not be allowed
				  for any employment during a school year that was less than one-half (1/2) time,
				  and no credit is allowed for periods of employment when a member participated
				  in an alternate retirement plan as provided for by the Alternate Retirement
				  Plan for Comprehensive Universities Act. All payments for past service must be
				  made while an active contributing member of the Teachers' Retirement System or
				  within sixty (60) days of termination of employment in the public schools of
				  Oklahoma. Payment for service credit must be completed prior to the effective
				  date of retirement and cannot be purchased by any person after the death of the
				  member. (See OAC
				  715:10-5-4
				  for cost and method of payment).
Amended at 17 Ok Reg
				  204, eff 9-8-99 (emergency); Amended at 17 Ok Reg 3071, eff 7-13-00; Amended at
				  22 Ok Reg 2255, eff 6-25-05
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-2 - Employment as a substitute teacher in Oklahoma schools

Current through Vol. 41, No. 20, July 1, 2024
A member of Teachers' Retirement System who was employed as a
				  substitute teacher may purchase credit for such employment provided they were
				  employed for 120 days in one school year. Such service shall be considered the
				  equivalent of one (1) year of service. Members claiming credit for such
				  service, and who have such service documented through Teacher Personnel, State
				  Department of Education, must pay the actuarial cost of such service as defined
				  by OAC
				  715:10-5-4.
				  The maximum creditable service granted for substitute teaching shall be five
				  (5) years. Under no condition may substitute teaching service from one school
				  year be combined with substitute teaching service or any other employment from
				  another school year to obtain 120 days of substitute teaching credit. The
				  payment for such service credit may be made in one lump sum or in equal monthly
				  installments up to sixty (60) months, as provided in OAC
				  715:10-5-4(9).
Amended at 18 Ok Reg 50,
				  eff 10-3-00 (emergency); Amended at 18 Ok Reg 3152, eff
				  7-12-01
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-3 - Official sabbatical leave from an Oklahoma school

Current through Vol. 41, No. 20, July 1, 2024
(a) A member may purchase credit for an
				official sabbatical leave performed prior to July 1, 1990, provided the member
				received at least one-half (1/2) pay from the employing school and the
				governing Board of the employing school or institution granted such leave in
				its official records or minutes as an "official sabbatical". Payment shall be
				based on the actuarial cost of such service as defined by OAC
				715:10-5-4.
(b) A member may receive credit for an
				official sabbatical leave performed after July 1, 1990, providing the member
				receives at least one-half (1/2) pay from the employing school, the governing
				Board of the employing school or institution designates such leave as an
				"official sabbatical," and the member notifies the Teachers' Retirement System
				in writing of his or her intent to make contributions for sabbatical leave
				credit. To qualify, the member must receive at least one-half pay from the
				employing school. Compensation from other entities will not qualify in meeting
				the one-half pay requirement. Contributions for such employment shall be at a
				rate commensurate with the salary earned as a regular full-time employee in the
				last preceding school year. "Official sabbatical" means paid leave granted by
				the governing board of the employing school or institution. The member must
				elect to participate and make contributions to TRS at the time of the
				sabbatical. Sabbatical leave cannot be purchased by the member at a later
				date.
Amended at 16 Ok Reg
				  743, eff 10-5-98 through 7-14-99 (emergency)1;
				  Amended at 16 Ok Reg 3567, eff 9-13-99
1This emergency action expired
				  before being superseded by a permanent action. Upon expiration of an emergency
				  amendatory action, the last prior permanent text is reinstated. Therefore, on
				  7-15-99 (after the 7-14-99 expiration of the emergency action), the text of
				  section 715:10-5-3 reverted back to the permanent text that was effective prior
				  to enactment of the emergency action on 10-5-98, as last published in the 1996
				  Edition of the OAC, and remained as such until amended by permanent action on
				  9-13-99.
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-5 - Oklahoma service performed prior to July 1, 1943 [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 19 Ok Reg
				  2729, eff 7-11-02
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-6 - Verification of Oklahoma service before membership

Current through Vol. 41, No. 20, July 1, 2024
All requests for previous or prior Oklahoma service must be
				  properly documented. Verification of such service is the responsibility of the
				  member. Teachers' Retirement System "Verification of Oklahoma Service" form
				  must be completed by the current superintendent, business manager, secretary of
				  the school board or treasurer of the school board of the school where the
				  service was performed.
(1) An
				application for past Oklahoma service must be accompanied by documentation
				consisting of one of the following:
(A) Actual
				Payroll Registers - which must show names of employer/employee; employee's
				Social Security Number; and monthly salary.
(B) A Social Security Detailed Earnings
				Information Record - which must include employer and salary by calendar
				year.
(C) W-2 Tax Records - Actual
				copies for each calendar year needed or photocopies of state income tax
				returns.
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-7 - Credit for service in other Oklahoma public retirement systems

Current through Vol. 41, No. 20, July 1, 2024
A member of the Teachers' Retirement System of Oklahoma may
				  receive credit for employment covered by the following Oklahoma public
				  retirement systems: the Oklahoma Firefighters Pension and Retirement System,
				  the Oklahoma Police Pension and Retirement System, the Uniform Retirement
				  System for Justices and Judges, the Oklahoma Law Enforcement Retirement System,
				  Oklahoma Department of Wildlife, and the Oklahoma Public Employees Retirement
				  System (OPERS). Such service must meet the minimum Teachers' Retirement System
				  membership requirements. (See Subchapter 3)
(1) After one full year (twelve calendar
				months) of TRS contributory service, a member is eligible to purchase service
				credited in another State retirement system. A certification of service form
				must be completed by the member's former State retirement system. The
				certification must show: the date of withdrawal, the salary by fiscal school
				year, and the total amount of credited service. It shall be the responsibility
				of the member to notify TRS of intent to claim such service and obtain proper
				documentation from the member's former State retirement system.
(2) Employment which did not qualify for
				membership in the former State retirement system shall not qualify for credit
				in TRS.
(3) Employment performed
				prior to the establishment of the State retirement system for the employment
				class shall not cause membership in TRS to be denied, however, the type of
				service rendered must be accepted by the appropriate State retirement system if
				the member were now enrolled in that retirement system.
(4) The purchase price for each year of such
				service shall be based on the actuarial cost of the incremental projected
				benefits being purchased (see OAC
				715:10-5-4
				).
(5) Under no circumstances can
				the purchased creditable service exceed the total service verified or the
				amount of credit given by the former retirement system.
(6) Once purchased, the other State service
				counts towards vesting, eligibility for retirement, and final average salary.
				Notwithstanding, the Internal Revenue Code Section 401(a)(17) limits shall
				apply and the member shall not be considered an ''eligible participant'' under
				OAC
				715:10-15-27
				unless the member first joined TRS prior to July 1, 1996. However, the last
				year in the member's account immediately preceding retirement must be with a
				public education employer that participates in TRS.
(7) The member shall not be receiving, or be
				eligible to receive, retirement credit or benefits from said service in any
				other public retirement system.
Amended at 18 Ok Reg 50,
				  eff 10-3-00 (emergency); Amended at 18 Ok Reg 3152, eff 7-12-01; Amended at 19
				  Ok Reg 2729, eff 7-11-02
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-7.2 - Transfer of service credit to the Oklahoma Public Employees Retirement System

Current through Vol. 41, No. 20, July 1, 2024
(a) Any member of
				the Teachers' Retirement System, who is an active member of the Oklahoma Public
				Employees Retirement System, may file a notice of election to transfer credit
				for those years of service accumulated by the member while a member of the
				Teachers' Retirement System.
(b) A
				member of the Teachers' Retirement System whose last qualifying employment was
				with an entity or institution within the Oklahoma State System of Higher
				Education, State Board of Education, Oklahoma Department of Career and
				Technology Education, Oklahoma School of Science and Mathematics, Oklahoma
				Center for the Advancement of Science and Technology, State Department of
				Rehabilitation Services, Oklahoma State Regents for Higher Education,
				Department of Corrections, State Department of Education, Oklahoma Board of
				Private Vocational Schools, Board of Regents of Oklahoma Colleges, Oklahoma
				Student Loan Authority, or the Teachers' Retirement System of Oklahoma may
				transfer to the Oklahoma Public Employees Retirement System credit for years of
				service accumulated in the Teachers' Retirement System.
(c) The member must file a notice with the
				Teachers' Retirement System and the Oklahoma Public Employees Retirement System
				of the member's election to transfer service credit. The notice must include a
				list of the years to be transferred and the member's social security number or
				other identifying information that may be required by either retirement system
				to locate and evaluate the member's service credit.
(d) Within thirty (30) days of receipt of
				notification of the member's intent to transfer service to the Oklahoma Public
				Employees Retirement System, the Teachers' Retirement System shall:
(1) determine the sum of the employee and
				employer contributions applicable to the years of service sought to be
				transferred plus interest consistent with the actuarial assumptions adopted by
				the Board of Trustees for purposes of preparing the annual actuarial
				evaluation, and
(2) if the member
				has a vested account with the Teachers' Retirement System, calculate the
				present value of the service to be transferred, discounted according to the
				member's age at the time of transfer.
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-7.3 - Service credit transfers for TRS members who are CLEET-certified employees of the University of Oklahoma and Oklahoma State University

Current through Vol. 41, No. 20, July 1, 2024
The statutory authority for this service credit transfer is
				  outlined in Title 47, Oklahoma Statutes, Section
				  2-314
				  [47 O.S. 2-314].
Added at 19 Ok Reg 2729,
				  eff 7-11-02; Amended at 29 Ok Reg 854, eff
				  8-1-12
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-8 - Revocation of $7,800 waiver

Current through Vol. 41, No. 20, July 1, 2024
Any member who elected to contribute on $7,800 prior to
				  January 1, 1978, whose salary was more than $7,800 during the school years
				  1974-75 through 1978-79, may elect to make back contributions on the difference
				  between $7,800 and the member's actual salary, not to exceed $10,000 for each
				  applicable school year, plus interest compounded annually at ten percent (10%)
				  per annum. Such payment shall be made prior to the official retirement date of
				  the member.
Amended at 10 Ok Reg
				  3879, eff 7-12-93
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-10 - Military service credit

Current through Vol. 41, No. 20, July 1, 2024
An active contributing member of TRS may purchase credit for
				  active duty service in the Armed Forces of the United States of America. The
				  member must have received an honorable discharge from the Armed Services to
				  qualify for military service credit. Active duty is defined as that time a
				  member served in the Armed Forces of the United States of America from the date
				  inducted to the date of separation. (Time spent between enlistment and
				  induction, or other time spent as a civilian between military service periods,
				  will not be counted as military service.) Credit for military service shall not
				  exceed the number of years obtained when the total months of service are
				  applied to calendar years (January 1 to December 31 periods). Therefore,
				  thirty-six (36) months of military service cannot count for more than three (3)
				  years of TRS membership; forty-eight (48) months cannot count for more than
				  four (4) years; etc.
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-11 - Military service limited to maximum of five years

Current through Vol. 41, No. 20, July 1, 2024
Credit for military service may be purchased and is limited
				  to a maximum of five (5) years. This includes service both before and after
				  July 1, 1943. No credit may be given for any year of military duty which
				  duplicates any other credit already granted or in which a year of creditable
				  service is available for service in the public schools of Oklahoma. The member
				  must have two (2) years of creditable Oklahoma service after the years of
				  military service credit for each year to be purchased. Out-of-state service
				  credit cannot be counted as employment in obtaining military service credit.
				  The purchase of military service must be completed, and payment made to TRS, no
				  later than 90 days prior to the effective date of a member's official
				  retirement date.
Revoked at 29 Ok Reg
				  854, eff 8-1-12
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-12 - Military service performed prior to July 1, 1943 [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 19 Ok Reg
				  2729, eff 7-11-02
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-13 - Military service performed after July 1, 1943

Current through Vol. 41, No. 20, July 1, 2024
Military service performed after July 1, 1943, may be
				  purchased for any school year in which the member served on active duty for a
				  minimum of six (6) months or 180 days, whichever affords the maximum benefit to
				  the member. Time spent as a reservist at summer camps, or weekend-duty
				  obligations, shall not be counted.
Amended at 12 Ok Reg
				  295, eff 10-14-94 through 7-14-95 (emergency)1;
				  Amended at 12 Ok Reg 3285, eff 7-27-95
1This emergency action expired
				  before being superseded by a permanent action. Upon expiration of an emergency
				  amendatory action, the last prior permanent text is reinstated. Therefore, on
				  7-15-95 (after the 7-14-95 expiration of the emergency action), the text of
				  section 715:10-5-13 reverted back to the permanent text that was effective
				  prior to enactment of the emergency action on 10-14-94, and remained as such
				  until amended by permanent action on
				  7-27-95.
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-14 - Military service combined with Oklahoma service

Current through Vol. 41, No. 20, July 1, 2024
Active duty service after July 1, 1943 can be combined with
				  Oklahoma service performed in the same school year to obtain one year of
				  service. The combined service must total one hundred eighty (180) days. If the
				  Oklahoma service to be combined with military service was not as an active
				  contributing member of TRS, the member must have worked a minimum of ninety
				  (90) school days in Oklahoma public schools. Any military service combined with
				  Oklahoma service counts as one (1) year toward the maximum service allowed for
				  military service credit.
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-15 - Application for military service credit

Current through Vol. 41, No. 20, July 1, 2024
Members desiring to obtain credit for military service
				  credit should request in writing to be billed for the cost of the credit.
				  Included with the request should be a certified copy or copies of the member's
				  service record showing the dates and nature of the member's active military
				  duty [Form DD-214, Form DD-217 or VA Certification of Active Duty]. TRS may
				  require the member to provide such other evidence as may be required to
				  establish the member's eligibility for military service. When the system
				  determines the duty eligible for credit, it shall bill the member for the years
				  of eligible credit. If the member becomes eligible for additional credit after
				  the billing by TRS it shall be the responsibility of the member to request a
				  second billing. Payment must be made by the date shown on the billing statement
				  to avoid additional charges that may be required after the expiration of the
				  billing date.
Amended at 20 Ok Reg
				  2596, eff 7-11-03
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-16 - Cost to purchase military service

Current through Vol. 41, No. 20, July 1, 2024
(a)
				The purchase price for each year of military service defined in OAC
				715:10-5-13
				shall be based on the actuarial cost as defined in OAC
				715:10-5-4,
				except as provided in paragraph (b) of this rule. All payments 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 prior to the effective date of retirement. No person may purchase
				military service credit after the date of death of the member.
(b) In the event an active contributing
				member is called to active military duty, he or she shall be allowed to make
				contributions for benefits and service credits with respect to "qualified
				military service", in accordance with Section 414(u) of the Internal Revenue
				Code of 1986 and the Uniformed Services Employment and Re-employment Rights Act
				of 1994.
Amended at 17 Ok Reg
				  204, eff 9-8-99 (emergency); Amended at 17 Ok Reg 3071, eff
				  7-13-00
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-17 - Adjustment for military service after retirement

Current through Vol. 41, No. 20, July 1, 2024
All credit for active military duty performed after July 1,
				  1943, must be purchased prior to the official retirement date of the member. No
				  credit or adjustment will be made to a member's account after retirement unless
				  evidence points to a clear and convincing error on the part of TRS staff. The
				  Executive Director will rule on the circumstances when such cases arise. Credit
				  for active military duty will be accepted for eligible service prior to July 1,
				  1943, when evidence of such service is provided to TRS. An adjustment in the
				  monthly retirement benefits of the member will be made beginning with the next
				  check due if proper documentation is received by TRS by the 15th of the month.
				  The adjustment in benefits shall not be retroactive.
Amended at 28 Ok Reg
				  981, eff 5-26-11
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-18 - Other restrictions on military service

Current through Vol. 41, No. 20, July 1, 2024
Military service performed after the last year of Oklahoma
				  membership service shall not qualify as military service. A member who returns
				  to Oklahoma public education employment after serving in the military shall
				  purchase that military service in the same manner as a new member of TRS: i.e.,
				  the member must have two (2) years of Oklahoma service after the military
				  service for each year of military service purchased. No military service can be
				  used to meet the minimum requirement of five (5) full years of employment in
				  the public schools of Oklahoma to qualify for vesting and retirement
				  benefits.
Amended at 22 Ok Reg
				  2255, eff 6-25-05
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-19 - Out-of-state service credit

Current through Vol. 41, No. 20, July 1, 2024
An active, contributing member of TRS may obtain out-of-state
				  service credit for qualified employment in public educational institutions
				  outside the State of Oklahoma which are maintained in whole or in part by one
				  of the states of the United States of America, the territories of the United
				  States of America, or by a Military Dependent School operating under the
				  Department of Defense of the United States of America, or while in the Peace
				  Corps, providing he or she is not receiving and is not eligible to receive
				  retirement credit or benefits from said service in any other public retirement
				  system of this state, or any other state or territory of the United States.
				  Qualifying employment requirements shall be the same as in the public schools
				  of Oklahoma. Employment service deemed ineligible for membership service in
				  Oklahoma shall not qualify for out-of-state service credit under any
				  conditions. Time of employment and salary requirements for service credit for
				  out-of-state shall be the same as membership service and prior service credit
				  in Oklahoma (see subchapter 3 of this chapter). The member's out-of-state
				  service must have been covered by and credited in the employing state's public
				  retirement system to be eligible for service credit in TRS.
Amended at 10 Ok Reg
				  3879, eff 7-12-93; Amended at 12 Ok Reg 295, eff 10-14-94 through 7-14-95
				  (emergency)1; Amended at 12 Ok Reg 3285, eff
				  7-27-95; Amended at 19 Ok Reg 2729, eff
				  7-11-02
1This emergency action expired
				  before being superseded by a permanent action. Upon expiration of an emergency
				  amendatory action, the last prior permanent text is reinstated. Therefore, on
				  7-15-95 (after the 7-14-95 expiration of the emergency action), the text of
				  section 715:10-5-19 reverted back to the permanent text that became effective
				  7-12-93, and remained as such until amended by permanent action on
				  7-27-95.
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-20 - Out-of-state service performed prior to July 1, 1943 [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 19 Ok Reg
				  2729, eff 7-11-02
Oklahoma Administrative Code › Title 715 - Teachers' Retirement System › Chapter 10 - General Operations › Subchapter 5 - Establishing Other Service Credits › Section 715:10-5-21 - Out-of-state service performed after July 1, 1943

Current through Vol. 41, No. 20, July 1, 2024
Qualifying out-of-state service credit performed after July
				  1, 1943 may be purchased by any member of TRS where the member was employed as
				  a full-time employee for a minimum of six (6) months or more during any one (1)
				  school year, subject to the restrictions in OAC
				  715:10-5-19.