Okla. Stat. tit. 74, § 74-913.9: Retirement – Annual leave and sick leave

A. All persons employed by CompSource Oklahoma prior to the

effective date of this act shall remain members of the Oklahoma

Public Employees Retirement System until retirement or termination.

B. Effective January 1, 2015, for all employees who remain

members of the Oklahoma Public Employees Retirement System pursuant

to subsection A of this section, CompSource Mutual Insurance Company

shall pay the required employer contributions applicable to the

participating employers in the Oklahoma Public Employees Retirement

System pursuant to Section 920 of Title 74 of the Oklahoma Statutes

and the employee shall continue to pay employee contributions as

required by Section 919.1 of Title 74 of the Oklahoma Statutes.

C. All employees of CompSource Mutual Insurance Company who

remain members of the Oklahoma Public Employees Retirement System

pursuant to subsection A of this section shall continue to be

eligible employees for purposes of Sections 901 through 932 of Title

74 of the Oklahoma Statutes. CompSource Mutual Insurance Company

shall be considered a participating employer, as defined by

paragraph (25) of Section 902 of Title 74 of the Oklahoma Statutes

only for such employees.

D. No person initially employed by CompSource Mutual Insurance

Company after the effective date of this act shall be allowed to

participate in the Oklahoma Public Employees Retirement System

during the term of their employment with the Company, regardless of

whether that employee was previously employed by a participating

employer in the Oklahoma Public Employees Retirement System

including CompSource Oklahoma.

E. 1. All annual leave and sick leave accumulated prior to

January 1, 2015, by an employee who remains a member of the Oklahoma

Public Employees Retirement System pursuant to subsection A of this

section will be recognized by the CompSource Mutual Insurance

Company, subject to all accrual limitations in the Oklahoma

Statutes.

2. Effective January 1, 2015, employees of CompSource Mutual

Insurance Company shall not accrue annual leave and sick leave

pursuant to Section 840-2.20 of Title 74 of the Oklahoma Statutes,

but may accrue annual leave and sick leave according to a policy

established by the Chief Executive Officer of CompSource Mutual

Insurance Company at a rate not to exceed that of state employees

under Title 74 of the Oklahoma Statutes.

3. The total participating service credit of a member who

retires or terminates employment and elects a vested benefit shall

include unused sick leave not to exceed the limitation imposed by

paragraph 7 of subsection B of Section 913 of Title 74 of the

Oklahoma Statutes. If unused sick leave entitles a member to an

additional year of service credit, the CompSource Mutual Insurance

Company shall reimburse the System for the cost of funding the

additional reserve. CompSource Mutual Insurance Company shall

provide the System with adequate and timely information necessary to

determine additional benefits and its cost under this paragraph.