Section 50-122 - Computation of pensions - Leaves of absence - Military leaves of absence or credits for military service exemptedA. All pensions shall be computed on a monthly basis with a majority of the month counting as a full month.B. Authorized leaves of absence may be granted by a participating municipality to a member. These authorized leaves of absence shall not constitute a deprivation of pension rights and service accumulations up to the point of the leave. Accrual time may continue when the member returns to work if that absence is not longer than three hundred sixty-five (365) days. In no case shall a member on authorized leave of absence withdraw any funds from the System. Effective August 5, 1993, an authorized leave of absence shall include a period of absence pursuant to the Family and Medical Leave Act of 1993.C. Nothing in subsection B of this section shall be construed as affecting any provision for military leaves of absence or credits for military service in the Oklahoma Statutes.Okla. Stat. tit. 11, § 50-122
Amended by Laws 1985, HB 1431, c. 221, § 9, emerg. eff. 7/8/1985; Amended by Laws 1999 , HB 1814, c. 257, § 5, emerg. eff. 7/1/1999.