Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 550. Oklahoma Police Pension and Retirement System |
Chapter 1. Administrative Operations |
Subchapter 7. Collections and Disbursements |
SECTION 550:1-7-1. Refund vouchers
Latest version.
- (a) Conditions upon receiving refunds. The following conditions must be met before contributions are refunded:(1) All contributions made through the last day of employment must be received by the Oklahoma Police Pension and Retirement System.(2) Member must have ceased employment with the participating municipality before any application for refund of contributions will be considered by the Oklahoma Police Pension and Retirement Board.(b) Payment. The refund of contributions shall be mailed or directly deposited by the Oklahoma Police Pension and Retirement System no earlier than the last business day of the month following Board approval.