SECTION 715:10-17-14. Termination and Resumption of Benefit Payments

  When a member returns to employment in a position that requires suspension of benefit payments, the following will apply:

(1)   If the member commences employment after the 15th of the month the benefit payment for that month will be paid at the end of the month.

(2)   If the member commences employment on or before the 15th of the month the benefit payment for that month will not be due and must be refunded if paid to the member.

(3)   If the member terminates employment on or before the 15th of a month and the Teachers' Retirement System is notified prior to the 20th of the month the benefit payment for that month will be paid at the end of the month.

(4)   If the member terminates employment after the 15th of a month the benefit payment for than month will not be due.

[Source: Added at 22 Ok Reg 2649, eff 7-11-05]