SECTION 715:10-3-5. Minimum compensation requirements


Latest version.
  •   In addition to the above, the following chart outlines the minimum salary levels which constitute membership service credit for the time periods indicated:
                 
     
    Minimum
     
    Required
     
    Allowable Credit
    Period
    Time Worked
     
    Annual Salary
     
    Monthly
    Annually
                 
    07/01/43-06/30/61
    9 months
     
    $900
     
    - -
    1 year
                 
    07/01/61-06/30/64
    10 months
     
    Less than $1,000
     
    Not Eligible
     
         
    $1,000
     
    - -
    1 year
                 
    07/01/64-06/30/84
       
    Less than $1,000
     
    Not Eligible
     
         
    $1,000-$1,500
     
    1-1/2 months
    1/4 year
         
    $1,501-$1,750
     
    3months
    1/2 year
         
    $1,751-$1,999
     
    4-1/2 months
    3/4 year
         
    $2,000 and over
     
    6 months
    1 year
                 
    07/01/84-Present
       
    Less than $2,000
     
    Not Eligible
     
         
    $2,000-$3,000
     
    1-1/2 months
    1/4 year
         
    $3,001-$3,500
     
    3 months
    1/2 year
         
    $3,501-$3,999
     
    4-1/2 months
    3/4 year
         
    $4,000 and over
     
    6 months
    1 year
    07-01-13 - Present
           
    All fractional service eligible
     
[Source: Amended at 16 Ok Reg 743, eff 10-5-98 (emergency); Amended at 16 Ok Reg 3567, eff 9-13-99; Amended at 29 Ok Reg 854, eff 8-1-12]