Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 590. Oklahoma Public Employees Retirement System |
Chapter 10. Public Employees Retirement System |
Subchapter 11. Transported and State Portable Service Credit |
SECTION 590:10-11-15. Funds transfer for portable service
Latest version.
- No retirement funds shall be transferred or accepted for transferred state portable service until receipt of the signed final election form. Funds shall be credited to the member in the same manner as they were held in the sending system. For example, employer contributions in the sending system shall be maintained as employer contributions in the receiving system and pre-tax employee contributions in the sending system shall be maintained as pre-tax employee contributions in the receiving system.