Okla. Admin. Code § 590:10-17-6

Current through Vol. 42, No. 7, December 16, 2024
Section 590:10-17-6 - Termination, withdrawal and repayment of Step-Up

Participating members are not permitted to withdraw any retirement contributions unless the member terminates employment and membership in the System. The Step-Up is binding on future participation in the event that the member elects the Step-Up, and subsequently terminates employment and takes a withdrawal of his or her employee contributions. In the event that such a member returns to employment with a participating employer, he or she must resume participation in the Step-Up. If such a member desires to repay the withdrawal, he or she is required to repay all amounts withdrawn, including any previous Step-Up contributions in order to reinstate the service credit.

Okla. Admin. Code § 590:10-17-6

Added at 21 Ok Reg 1759, eff 6-11-04