Okla. Stat. tit. 62, § 62-254
This is the official text of Okla. Stat. tit. 62, § 62-254, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
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Oklahoma Pension Improvement Revolving Fund
Official statutory text
There is hereby created in the State Treasury a revolving fund
for the retirement systems of the State of Oklahoma to be designated
the "Oklahoma Pension Improvement Revolving Fund". The fund shall
be a continuing fund, not subject to fiscal year limitations, and
shall consist of all monies received and placed in the fund for the
benefit of retired members and beneficiaries of the retirement
systems of the State of Oklahoma from such sources as may be
designated by law. Expenditures from the fund shall be made only
pursuant to legislative appropriation from the Oklahoma Pension
Improvement Revolving Fund to pay for the cost of any legislatively
authorized cost-of-living adjustment for the retirees or
beneficiaries of the retirement systems of the State of Oklahoma or
to reduce the unfunded liabilities of any of the state retirement
systems.
for the retirement systems of the State of Oklahoma to be designated
the "Oklahoma Pension Improvement Revolving Fund". The fund shall
be a continuing fund, not subject to fiscal year limitations, and
shall consist of all monies received and placed in the fund for the
benefit of retired members and beneficiaries of the retirement
systems of the State of Oklahoma from such sources as may be
designated by law. Expenditures from the fund shall be made only
pursuant to legislative appropriation from the Oklahoma Pension
Improvement Revolving Fund to pay for the cost of any legislatively
authorized cost-of-living adjustment for the retirees or
beneficiaries of the retirement systems of the State of Oklahoma or
to reduce the unfunded liabilities of any of the state retirement
systems.
Status: in_force · Read it on the official government site
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