SECTION 395:10-1-2. Definitions

  The following words or terms when used in this Chapter, shall have the following meaning unless the context already indicates otherwise:

"Board" means the Oklahoma Law Enforcement Retirement Board of the System.

(A)   The Board shall consist of thirteen (13) members: The Assistant Commissioner of Public Safety, the Director of State Finance or his Designee, three (3) members appointed by the Governor, a member to be appointed by the Speaker of the House of Representatives, one (1) member to be appointed by the President Pro- Tempore of the Senate, all terms to be for four years and/or coterminous with the term of office of the office of the appointing authority, two (2) members of the Highway Patrol Division, one (1) member of the Communications Division, one (1) member of the Oklahoma State Bureau of Investigation, one (1) member of the Oklahoma State Bureau of Narcotics and Dangerous Drugs Control, and one (1) member of the Alcoholic Beverage Laws Enforcement Commission, elected by and from the membership of the System.

(B)   When an elected Board member's term expires, or he retires or resigns causing a vacancy on the Board, the active members of said agency shall, by popular vote, nominate two (2) candidates, and present said candidates names to the office of the President of the Board. The President will then prepare a ballot with the two (2) named candidates and same shall be mailed to all members of the System. The person receiving the majority vote will be elected to serve on the Board as provided by Statute and/or completes the resigned or retired member's term, whichever the case may be.

(C)   Members elected shall serve for terms of three (3) years. Every two (2) years, one of the elected members of the Board shall be selected by the Board as President and another elected member shall be selected as Secretary of the Board.

(D)   Any member of the Board elected by the membership of the System maybe recalled for cause at a special election held for that purpose by the members of the System. Such an election shall be called and held by the President and Secretary of the Board upon written request therefor signed by not less than one-third (1/3) of the members and shall be held pursuant to notice given to all members of the System, stating the date for such election which shall not be less than ten (10) days from the date of the issuance of such notice. All members of the System shall be entitled to vote by secret ballot and, if two-thirds (2/3) or more of the membership votes for his recall, the elected member of the Board designated in such request, notice and secret ballot, shall cease to be a member of the Board and the President and Secretary shall call and hold a special election by the members of the System to fill the remainder of the term of the member so recalled.

(E)   The President and Secretary of the Board are appointed by the Board and are the Executive Officers for the Board. They are responsible for the general administration of the Retirement System. Their duties shall be as follows:

(i)   Shall be responsible for maintaining records of the individual members, records of all types of funds, reserves and equipment necessary for the operation of the accounting procedures.

(ii)   Shall under the direction of the Board, coordinate the investment of surplus funds, in accordance with the Statutes.

(iii)   Shall sign all vouchers approved by the Board, including pension and retirement benefit payments, refunds, medical examinations and any administrative operational expenses as approved by the Board.

(iv)   Seven (7) members of the Board shall constitute a quorum.

"Inactive vested member" means a member who has completed at least ten (10) years of vesting service and is no longer employed and is not receiving benefits.

"Retired member" means a member who has reached normal retirement date and is collecting benefits.

"Vested member" means a member who has completed at least (ten) 10 years of vesting service.

"Vesting service" means the period of service in which a member has been employed by an agency currently in this System and the member is still contributing.

[Source: Amended at 10 Ok Reg 3733, eff 7-12-93]