Okla. Stat. tit. 11, § 11-50-109

This is the official text of Okla. Stat. tit. 11, § 11-50-109, part of Oklahoma’s Stat. tit. 11, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 11,." Browse the sections below, each linked to its official government source.

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Appropriation of percentage of annual salary of member

Official statutory text

of System.

Any municipality participating in the Oklahoma Police Pension

and Retirement System shall appropriate funds, for the use and

benefit of the System, as provided in the following schedule:

1. Prior to July 1, 1991, a minimum of ten percent (10%) of the

actual paid base salary of each member of the System employed by the

municipality;

2. Beginning July 1, 1991, a minimum of ten and one-half

percent (10 1/2%) of the actual paid base salary of each member of

the System employed by the municipality;

3. Beginning July 1, 1992, a minimum of eleven percent (11%) of

the actual paid base salary of each member of the System employed by

the municipality;

4. Beginning July 1, 1993, a minimum of eleven and one-half

percent (11 1/2%) of the actual paid base salary of each member of

the System employed by the municipality;

5. Beginning July 1, 1994, a minimum of twelve percent (12%) of

the actual paid base salary of each member of the System employed by

the municipality;

6. Beginning July 1, 1995, a minimum of twelve and one-half

percent (12 1/2%) of the actual paid base salary of each member of

the System employed by the municipality;

7. Beginning July 1, 1996, a minimum of thirteen percent (13%)

of the actual paid base salary of each member of the System employed

by the municipality; and

8. Beginning on the effective date of this act, a minimum of

fourteen percent (14%) of the actual paid base salary of each member

of the System employed by the municipality.

Oklahoma Statutes - Title 11. Cities and Towns Page 629

The sum appropriated shall be paid online to the System within

ten (10) days following the payroll period on which the contribution

is based.

The state shall make such appropriation as is necessary to

assure the retirement benefits provided by the article.

Status: in_force · Read it on the official government site

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