Statutes, codes, and regulations
Oklahoma Administrative Code
Title 715 - Teachers' Retirement SystemChapter 10 - General Operations
Subchapter 13 - Contributions for Membership Service
Section 715:10-13-12 - Contracts bought up by employer

Okla. Admin. Code § 715:10-13-12

Download
PDF
Current through Vol. 42, No. 7, December 16, 2024
Section 715:10-13-12 - Contracts bought up by employer

Teachers' Retirement System will not accept contributions on contract buyouts or grant creditable service, unless approved by the Board of Trustees resolution before the fact or when so ordered by a court of competent jurisdiction. Any payments for accumulated annual leave in excess of sixty (60) days or reimbursement for unused sick leave in excess of the daily amount paid to the teaching staff shall be considered a contract buy out.

Okla. Admin. Code § 715:10-13-12