Okla. Stat. tit. 74, § 74-924: False statements - Errors

Any person who shall knowingly make any false statement, or who

shall falsify or permit to be falsified any record necessary for

carrying out the intent of this act for the purpose of committing

fraud, shall be guilty of a misdemeanor, and upon conviction shall

be punished by a fine not exceeding Five Hundred Dollars ($500.00)

or by imprisonment for not exceeding one (1) year. Should any error

in any records of the Oklahoma Public Employees Retirement System

result in any member or beneficiary receiving more or less than he

would have been entitled to receive had the records been correct,

the Board shall correct such error, and, as far as practicable, make

future payments in such manner that the actuarial equivalent of the

benefit to which such member or beneficiary was entitled shall be

paid, and to this end may recover any overpayments. The agency

shall charge interest on any overpayments in an amount not to exceed

the actuarially assumed interest rate adopted by the Board for

investment earnings each year. Interest charges may be waived upon

the approval of the Executive Director.