{"data":{"id":"us-ok/okla.-stat.-tit.-11-11-50-111.1","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 11, § 11-50-111.1","heading":"Termination of service before normal retirement date","body":"- Refund of accumulated contributions - Election of vested benefit -\n\nMonthly retirement annuity - Rejoining System - Death without named\n\nbeneficiary.\n\nA. A member who terminates service before normal retirement\n\ndate, other than by death or disability, shall, upon application\n\nfiled with the Oklahoma Police Pension and Retirement Board, be\n\nrefunded from the Oklahoma Police Pension and Retirement Fund an\n\namount equal to the accumulated contributions the member has made to\n\nthe fund, but excluding any interest or any amount contributed by\n\nthe municipality or state. If a member withdraws the member’s\n\naccumulated contributions, such member shall not have any recourse\n\nagainst the System for any type of additional benefits including,\n\nbut not limited to, disability benefits. If a member has completed\n\nten (10) years of credited service at the date of termination, the\n\nmember may elect a vested benefit in lieu of receiving the member’s\n\naccumulated contributions.\n\nIf the member who has completed ten (10) or more years of\n\ncredited service elects the vested benefit, the member shall be\n\nentitled to a monthly retirement annuity commencing on the date the\n\nmember reaches fifty (50) years of age or the date the member would\n\nhave had twenty (20) years of credited service had the member’s\n\nemployment continued uninterrupted, whichever is later. The annual\n\namount of such retirement annuity shall be equal to two and one-half\n\npercent (2 1/2%) of the annualized final average salary multiplied\n\nby the number of years of credited service. For a monthly\n\nretirement annuity commencing on or after the effective date of this\n\nact, the annual amount of such retirement annuity shall be computed\n\npursuant to the annualized final average salary as defined pursuant\n\nto paragraph 17 of Section 50-101 of this title multiplied by the\n\nnumber of years of credited service.\n\nIf a terminated member has elected a vested benefit and\n\nsubsequently returns to work as a police officer of a participating\n\nmunicipality, his or her vested benefit will be set aside and prior\n\ncredited service will be reinstated.\n\nB. If a member who terminates employment and elects a vested\n\nbenefit dies prior to being eligible to receive benefits, the\n\nmember’s beneficiary shall be entitled to the member’s normal\n\nmonthly accrued retirement benefits on the date the deceased member\n\nwould have been eligible to receive the benefit.\n\nC. Whenever a member has terminated or hereafter terminates\n\ncovered employment and has withdrawn or hereafter withdraws the\n\nmember’s accumulated contributions and has rejoined or hereafter\n\nrejoins the System, the member, upon proper application and approval\n\nby the Board, may pay to the System the sum of the accumulated\n\ncontributions the member has withdrawn or hereafter withdraws plus\n\nten percent (10%) annual interest from the date of withdrawal and\n\nshall receive the same benefits as if the member had never withdrawn\n\nthe contributions. A lump-sum payment for repayment of any amounts\n\nreceived because of a member’s prior termination may be repaid by\n\ntrustee-to-trustee transfers of non-Roth funds from a Section 403(b)\n\nannuity, an eligible Section 457(b) plan, and/or a Section 401(a)\n\nqualified plan. Those members who at the time of termination of\n\nemployment could not withdraw any of their accumulated contributions\n\nshall receive credited service for the time employed as an officer\n\nprior to any such termination upon proper application and approval\n\nby the Board. To receive credit for such service, all required\n\ncontributions and interest shall be paid within ninety (90) days of\n\nBoard approval of the application. The provisions of this\n\nsubsection shall not apply to any member who is receiving benefits\n\nfrom the System as of July 1, 1987.\n\nD. If an active member dies and does not leave a surviving\n\nbeneficiary under paragraph 13 of Section 50-101 of this title, the\ncredit for such service, all required\n\ncontributions and interest shall be paid within ninety (90) days of\n\nBoard approval of the application. The provisions of this\n\nsubsection shall not apply to any member who is receiving benefits\n\nfrom the System as of July 1, 1987.\n\nD. If an active member dies and does not leave a surviving\n\nbeneficiary under paragraph 13 of Section 50-101 of this title, the\n\naccumulated contributions made to the System by the member shall be\n\npaid to the member’s estate or, if properly designated by the\n\nmember, a trust.","path":["OK Code","Title 11"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os11.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"e61fdea22e40a50188bdb7e1f98a8a16c47100e7a26712be82613c8f22856f6c","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-11-11-50-110","next":"us-ok/okla.-stat.-tit.-11-11-50-111.2"},"notice":"GroundRules: Original legal text. Not legal advice."}