Okla. Admin. Code § 715:10-15-19

Current through Vol. 42, No. 7, December 16, 2024

Section 715:10-15-19 - Disability retirement payments

The first monthly payment shall be due on the first day of the month that follows the effective date of the disability retirement.

(1) The disability retirement allowance shall be in lieu of any other TRS retirement benefit for which the member might otherwise qualify.

(2) The benefit payment for the month in which the retired member died, if not previously paid, shall be made to the member's beneficiary, or, if the member has no beneficiary, to the member's estate. The amount of the benefit payment for the month in which the member died shall be equal to the full monthly benefit payment, regardless of the day of the month on which the retired member died.

(3) Members who qualify for disability retirement shall have their total monthly benefit payments deducted from their accumulated contributions. Any monies remaining in the member's retirement account at death shall be paid to the beneficiary or the estate in a lump sum.

Okla. Admin. Code § 715:10-15-19

Amended at 16 Ok Reg 743, eff 10-5-98 through 7-14-99 (emergency)¹; Amended at 16 Ok Reg 3567, eff 9-13-99

¹This emergency action expired before being superseded by a permanent action.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 715:10-15-19 reverted back to the permanent text that was effective prior to 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.