SECTION 715:10-15-8. Age, creditable service determination

Latest version.

  The member's age, and the age of a member's designated beneficiary, at retirement shall be determined as the age attained as of the last birthday. Total creditable service shall be determined to the nearest whole number with any fractional part of a year rounded down. Age shall be determined as of the date of retirement in the following manner:
(1)   If the member's date of birth is on or before the tenth (10th) day of the month of retirement, the age shall be the age of the member on the tenth (10th) day of the month.
(2)   If the member's date of birth is after the tenth (10th) day of the month of retirement, the age shall be the age of the member on the first day of the month.

[Source: Amended at 16 Ok Reg 743, eff 10-5-98 through 7-14-99 (emergency); Amended at 16 Ok Reg 3567, eff 9-13-99]

Note

EDITOR’S NOTE: This emergency action expired before being superseded by a permanent action. Upon expiration of an emergency amendatory action, the last prior permanent text is reinstated. Therefore, on 7-15-99 (after the 7-14-99 expiration of the emergency action), the text of section 715:10-15-8 reverted back to the permanent text that was effective prior to the enactment of the emergency action on 10-5-98, as was last published in the 1996 Edition of the OAC, and remained as such until amended by permanent action on 9-13-99.

                    
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