Okla. Admin. Code § 590:10-19-13

Current through Vol. 42, No. 4, November 1, 2024

Section 590:10-19-13 - Medicare Gap benefits and post-retirement employment

(a) A retired member who returns to work with an OPERS participating employer and who has elected a Medicare Gap Benefit option shall have his or her post-retirement participation calculated in accordance with 590:10-7-15 of these rules. Any additional benefit from post-retirement employment will be calculated and paid without adjustment for either the Pre-Medicare Benefit or Post Medicare Benefit.

(b) A retired member who returns to work with an OPERS participating employer and who has elected a Medicare Gap Benefit option is not eligible to waive receipt of their monthly retirement benefit pursuant to 74 O.S. Section 914(E) or to have retirement benefits recalculated upon termination of employment after completion of thirty-six (36) consecutive months of full-time-equivalent employment.

Okla. Admin. Code § 590:10-19-13

Added at 22 Ok Reg 1354, eff 5-26-05