Okla. Admin. Code § 715:10-3-4

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

Section 715:10-3-4 - [Effective until 9/14/2025] Combining fractional years of service

(a) For membership service performed prior to July 1, 2013, fractions of school terms performed as an active contributing member of TRS of at least one (1) school month, in different school years, may be combined to make a total of six (6) months for one (1) year of creditable service. It is not permissible to divide membership service rendered in one (1) year into fractional parts and combine these fractions with membership service rendered in two (2) or more years in order to gain additional years of membership service. All fractional membership service must be combined before days of unused sick leave are applied to fractional membership service to obtain service credit. No more than one (1) year of membership service credit will be given for all employment in any one (1) school year. However, if the member has one hundred twenty (120) or more days of unused sick leave and has ninety (90) or more days of combined work experience at the end of the school year when the member retires, TRS will grant one (1) year of creditable service for the 120 days of unused sick leave and round the 90 days of work experience to count as one (1) year of creditable service.

(b) For membership service performed on or after July 1, 2013, fractional membership service credit will be added together and the resulting sum shall be included in the retirement formula calculations.

Amended by Oklahoma Register, Volume 42, Issue 5, November 15, 2024, eff. 10/15/2024, exp. 9/14/2025 (Emergency)