Okla. Stat. tit. 47, § 47-2-305.12
This is the official text of Okla. Stat. tit. 47, § 47-2-305.12, part of Oklahoma’s Stat. tit. 47, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 47,." Browse the sections below, each linked to its official government source.
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Increase in benefits – July 1, 2020 - Offset
Official statutory text
Oklahoma Statutes - Title 47. Motor Vehicles Page 166
A. Except as provided in subsection B of this section, any
person receiving benefits from the Oklahoma Law Enforcement
Retirement System as of June 30, 2019, who continues to receive
benefits on or after July 1, 2020, shall receive an increase in
benefits as follows:
1. Zero percent (0%) if the person has been retired for less
than two (2) years as of July 1, 2020;
2. Two percent (2%) if the person has been retired for at least
two (2) years but less than five (5) years as of July 1, 2020; and
3. Four percent (4%) if the person has been retired for five
(5) years or more as of July 1, 2020.
B. Any increase in benefits a person is eligible to receive
pursuant to subsection B, C or D of Section 2-305 of Title 47 of the
Oklahoma Statutes after July 1, 2020, shall be offset by the
increase in benefits, if any, provided by this section.
A. Except as provided in subsection B of this section, any
person receiving benefits from the Oklahoma Law Enforcement
Retirement System as of June 30, 2019, who continues to receive
benefits on or after July 1, 2020, shall receive an increase in
benefits as follows:
1. Zero percent (0%) if the person has been retired for less
than two (2) years as of July 1, 2020;
2. Two percent (2%) if the person has been retired for at least
two (2) years but less than five (5) years as of July 1, 2020; and
3. Four percent (4%) if the person has been retired for five
(5) years or more as of July 1, 2020.
B. Any increase in benefits a person is eligible to receive
pursuant to subsection B, C or D of Section 2-305 of Title 47 of the
Oklahoma Statutes after July 1, 2020, shall be offset by the
increase in benefits, if any, provided by this section.
Status: in_force · Read it on the official government site
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