Okla. Stat. tit. 11, § 11-50-105.2: Administration of System - Rules and regulations -

Accounts and records - Open meetings - Actuarial tables - Decisions

of Board - Actions.

A. The State Board shall be responsible for the policies and

rules for the general administration of the System, subject to the

provisions of this article.

B. The State Board shall establish rules and regulations for

the administration of the System and for the transaction of its

business consistent with law, which rules and regulations shall be

filed with the Secretary of State.

C. The State Board shall be responsible for the installation or

provision of a complete and adequate system of accounts and records.

D. All meetings of the State Board shall be open to the public.

The State Board shall keep a record of its proceedings.

E. The State Board may adopt all necessary actuarial tables to

be used in the operation of the System as recommended by the actuary

and may compile such additional data as may be necessary for

required actuarial valuation calculations.

F. All decisions of the State Board as to questions of fact

shall be final and conclusive on all persons except for the right of

review as provided by law and except for fraud or such gross mistake

of fact as to have effect equivalent to fraud.

G. The State Board shall take all necessary action upon

applications for pensions, disability benefits, refund of

accumulated contributions and shall take action on all other matters

deemed necessary by the State Board.