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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 590. Oklahoma Public Employees Retirement System |
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Chapter 10. Public Employees Retirement System |
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Subchapter 15. Limited Retirement Benefit |
SECTION 590:10-15-6. Omitted limited eligible members
Latest version.
- A Limited Eligible Member who has Excess Contributions in the Plan but was not identified by the System or was not sent a letter of eligibility for the initial or subsequent Limited Benefit payments is responsible to notify the System of his or her eligibility and to request the payment of the Limited Benefit. For any omitted Limited Eligible Member who requests Limited Benefit payments, the Board shall determine eligibility and implement the notice procedures as provided in Sections 3 and 4 of this Subchapter and Chapter of these Rules for such omitted Limited Eligible Members. The Limited Benefit shall be paid only on a prospective basis.