Section 17-104 - Prior service creditsA. The Board of Trustees of the Teachers' Retirement System of Oklahoma shall fix and determine by appropriate rules and regulations how much service in any year is equivalent to one (1) year of service, but in no case shall more than one (1) year of service be creditable for all services in one (1) school year. Service rendered for a regular school year shall be equivalent to one (1) year of service. B. If a member who has previously withdrawn service returns to service in Oklahoma and completes one (1) year of membership service credit, the member may reestablish prior service credit by redepositing the amount formerly withdrawn, with the interest at ten percent (10%) per annum. No member shall be permitted to redeposit prior service more than one time. C. The Board of Trustees may adopt such other rules and regulations to verify, process, and credit the service herein claimed.Okla. Stat. tit. 70, § 17-104
Amended by Laws 2024, c. 300,s. 3, eff. 7/1/2024.Added by Laws 1969, HB 1136, c. 157, § 4, emerg. eff. 8/2/1969; Amended by Laws 1970, SB 600, c. 77, § 1, emerg. eff. 3/20/1970; Amended by Laws 1989, SB 417, c. 327, § 1, emerg. eff. 7/1/1989.