Permanent Rules - Oklahoma

Permanent Rules

Effective September 11, 2020

Preface

The official permanent rules of the Teachers' Retirement System of Oklahoma are codified in Title 715 of the Oklahoma Administrative Code (OAC) and are maintained by the Secretary of State's Office of Administrative Rules. The following rules in this document are considered permanent "unofficial" rules.

Emergency rules are not necessarily contained in this document. Any emergency rule is considered promulgated and effective immediately upon the Governor's approval and are generally only effective through July 14 of the following legislative session or until the rules are superseded by another rule.

If any conflicts arise between material in the official/unofficial code and the law, the law takes precedence.

Contents

Chapter 1 - Administrative Operations........................................................................................1 715:1-1-1. Purpose........................................................................................................................2 715:1-1-2. Board of Trustees ........................................................................................................2 715:1-1-3. Medical Board.............................................................................................................2 715:1-1-4. Administrative office ..................................................................................................2 715:1-1-5. Executive Director ......................................................................................................2 715:1-1-6. Bonds (protective) [REVOKED] ...............................................................................3 715:1-1-7. Purchases.....................................................................................................................3 715:1-1-8. Payment of salaries and claims ...................................................................................3 715:1-1-9. Investment of funds [REVOKED] .............................................................................3 715:1-1-10. Grievances and complaints .......................................................................................3 715:1-1-11. Information requests .................................................................................................5 715:1-1-12. Public participation in adoption of rules ...................................................................5 715:1-1-13. Change of address, name or district ..........................................................................7 715:1-1-14. Definition of IRS Code .............................................................................................7 715:1-1-15. Distribution rules.......................................................................................................7 715:1-1-16. General IRS qualification rules.................................................................................8 715:1-1-17. Inspection, copy and/or reproduction fees ................................................................9 715:1-1-18. Retirement benefit reduction to pay a judgment or settlement as an offset ..............9 715:1-1-19. Appointment of non-voting Trustee.................................... ....................9

Chapter 10 - General Operations ...................................................................................................11 Subchapter 1 - Membership Provisions......................................................................................11 715:10-1-1. Purpose....................................................................................................................12 715:10-1-2. TRS membership eligibility ....................................................................................12 715:10-1-3. Mandatory TRS membership ..................................................................................12 715:10-1-4. Optional TRS membership......................................................................................12 715:10-1-5. Ineligible for TRS membership...............................................................................12 715:10-1-6. Date of membership ................................................................................................13 715:10-1-7. Membership in education associations ...................................................................14 715:10-1-8. Membership of employees of charter schools.........................................................14 Subchapter 3 - Service Eligibility................................................................................................17 715:10-3-1. Requirements for creditable service........................................................................18

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715:10-3-2. Requirements for fulltime service...........................................................................18 715:10-3-3. Requirements for halftime service ..........................................................................19 715:10-3-4. Combining fractional years of service ....................................................................19 715:10-3-5. Minimum compensation requirements....................................................................20 Subchapter 5 - Establishing Other Service Credits...................................................................21 715:10-5-1. Oklahoma service credit after July 1, 1943.............................................................22 715:10-5-2. Employment as a substitute teacher in Oklahoma schools .....................................22 715:10-5-3. Official sabbatical leave from an Oklahoma school ...............................................22 715:10-5-4. Cost to purchase Oklahoma service ........................................................................24 715:10-5-4.1. Payment of contribution deficit for Education Employees Service Incentive Plan .................................................................................................................................................... 25 715:10-5-5. Oklahoma service performed prior to July 1, 1943 [REVOKED].........................26 715:10-5-6. Verification of Oklahoma service before membership ...........................................26 715:10-5-7. Credit for service in other Oklahoma public retirement systems............................27 715:10-5-7.1. Transfer of service credit from the Oklahoma Public Employees Retirement System ......................................................................................................................................... 27 715:10-5-7.2. Transfer of service credit to the Oklahoma Public Employees Retirement System .................................................................................................................................................... 29 715:10-5-7.3. Service credit transfers for TRS members who are CLEET-certified employees of the University of Oklahoma and Oklahoma State University ................................................31 715:10-5-8. Revocation of $7,800 waiver ..................................................................................31 715:10-5-9. Re-establishing withdrawn service .........................................................................31 715:10-5-10. Military service credit ...........................................................................................32 715:10-5-11. Military service limited to maximum of five years...............................................32 715:10-5-12. Military service performed prior to July 1, 1943 [REVOKED] ..........................32 715:10-5-13. Military service performed after July 1, 1943.......................................................32 715:10-5-14. Military service combined with Oklahoma service ..............................................33 715:10-5-15. Application for military service ............................................................................33 715:10-5-16. Cost to purchase military service ..........................................................................33 715:10-5-17. Adjustment for military service after retirement...................................................33 715:10-5-18. Other restrictions on military service....................................................................34 715:10-5-19. Out-of-state service credit .....................................................................................34 715:10-5-20. Out-of-state service performed prior to July 1, 1943 [REVOKED] ....................34 715:10-5-21. Out-of-state service performed after July 1, 1943 ................................................34 715:10-5-22. Out-of-state service limited to maximum of five years ........................................34 715:10-5-23. Out-of-state service combined with Oklahoma service ........................................35 715:10-5-24. Continuous, consecutive out-of-state service........................................................35

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715:10-5-25. Application for out-of-state service ......................................................................35 715:10-5-26. Cost to purchase out-of-state service ....................................................................35 715:10-5-27. Other restrictions on out-of-state service ..............................................................36 715:10-5-28. Sick leave service credit........................................................................................36 715:10-5-29. Verification of accumulated sick leave .................................................................36 715:10-5-30. Ten-year averaging of sick leave ..........................................................................37 715:10-5-31. Documentation of service .....................................................................................37 715:10-5-32. Roll-overs from other qualified plans or conduit IRAs ........................................37 715:10-5-33. Credit for family leave [REVOKED] ..................................................................38 715:10-5-34. Credit for adjunct service ......................................................................................38 715:10-5-35. Employer pick-up of purchase of service credit ...................................................39 715:10-5-36. Compliance with Code Section 401(a)(37) and the HEART Act .........................40 715:10-5-37. Incentive service credit..........................................................................................41

Subchapter 7 - Membership Vesting and Termination.............................................................43 715:10-7-1. Vesting of membership in TRS...............................................................................44 715:10-7-2. Limitation of benefits to an inactive, vested member .............................................44 715:10-7-3. Termination because of absence .............................................................................44 715:10-7-4. Extension of TRS membership after absence .........................................................45 715:10-7-5. Retired members .....................................................................................................45 715:10-7-6. Termination of a non-eligible person......................................................................45

Subchapter 9 - Survivor Benefits ................................................................................................47 715:10-9-1. Return of contributions when death occurs before retirement ................................48 715:10-9-2. Death benefit when death occurs before retirement................................................48 715:10-9-3. Monthly annuity in lieu of death benefit.................................................................48 715:10-9-4. Death Benefit when death occurs after retirement [REVOKED] ..........................48 715:10-9-5. Payments to beneficiaries of deceased members ....................................................48 715:10-9-6. Probate waivers .......................................................................................................50 715:10-9-7. Beneficiary designation following a divorce ..........................................................50 715:10-9-8. Beneficiary designation for death benefit...............................................................51

Subchapter 11 - Withdrawal From Membership and Refund of Deposits .............................53 715:10-11-1. Withdrawal from membership by an eligible person............................................54 715:10-11-2. Withdrawal of optional membership while still employed ...................................55 715:10-11-3. False affidavits ......................................................................................................55 715:10-11-4. Refunds of contributions .......................................................................................56 715:10-11-5. Termination of rights to benefits...........................................................................56

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