SECTION 395:10-1-4. Benefits

  All benefits shall be paid in accordance with 47 O.S. § 2-305.

(1)   Each new member shall make written application for membership and said application shall be presented to the Board at the next meeting of the Board for approval.

(2)   Each application for membership may be approved effective on the first (1^st) of the month following date of employment, so long as the applicant meets the qualifications for membership stated in 47 O.S.§ 2300, para. 6.

(3)   Written requests for retirement benefits must be received in the administrative office located at 421 NW 13^TH Street, Suite,100, Oklahoma City, Oklahoma, by the first Wednesday of the month prior to the desired effective date of retirement, in order that such matters may be properly posted on the agenda as required by the Open Meeting Laws.

(4)   The Board shall have the authority to call a disabled member for a complete physical examination by two (2) physicians selected by the Board, any time between the regularly called for examination; provided the Board has reason to believe that such member has or may have recovered to the extent that he can again perform service in any division covered by the System. After complete evaluation by the examining physicians, if the member is found no longer disabled for performance of duties, the member shall be required to return to duty and complete twenty (20) years of service.

(5)   Retirement pursuant to 47 O.S. § 2-305, has at all times included reemployment of a member by a state agency in a position which is not covered by OLERS. Thus, in-service distributions from OLERS to such a member are permitted. Prior to September 19, 2002, if such member was reemployed by a state agency in a position which is covered by OLERS, such member will continue to receive in-service distributions from OLERS and will not accrue any further credited service. On and after September 19, 2002, if a retired member is reemployed by a state agency in a position which is covered by OLERS, such member's monthly retirement payments shall be suspended until such member retires and is not reemployed by a state agency in a position which is covered by OLERS.

[Source: Amended at 10 Ok Reg 3733, eff 7-12-93; Amended at 18 Ok Reg 3084, eff 7-12-01; Amended at 20 Ok Reg 962, eff 5-12-03; Amended at 26 Ok Reg 1685, eff 6-11-09]