Okla. Stat. tit. 70, § 70-17-107
This is the official text of Okla. Stat. tit. 70, § 70-17-107, part of Oklahoma’s Stat. tit. 70, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 70,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Disposition of interest
Official statutory text
The interest earned on the investments in the Teachers’
Retirement System of Oklahoma shall be credited in the following
manner:
1. There shall be deducted from the annual interest on
investments an amount necessary for the amortization of bonds
purchased and owned by the Teachers’ Retirement System of Oklahoma;
2. There shall be deducted from the annual interest on
investments an amount of money necessary for the operation of the
Teachers’ Retirement System of Oklahoma; and
3. Any residue remaining in the Interest Fund after the
requirements of paragraphs 1 and 2 of this section have been fully
met shall be used for the purpose of paying retirement benefits to
the retirees of the Teachers’ Retirement System of Oklahoma and
transferred to the Retirement Benefit Fund; the interest income
shall be distributed to the various funds on June 30 each year.
Added Laws 1969, c. 157, § 7, operative Aug. 2, 1969. Amended by
Retirement System of Oklahoma shall be credited in the following
manner:
1. There shall be deducted from the annual interest on
investments an amount necessary for the amortization of bonds
purchased and owned by the Teachers’ Retirement System of Oklahoma;
2. There shall be deducted from the annual interest on
investments an amount of money necessary for the operation of the
Teachers’ Retirement System of Oklahoma; and
3. Any residue remaining in the Interest Fund after the
requirements of paragraphs 1 and 2 of this section have been fully
met shall be used for the purpose of paying retirement benefits to
the retirees of the Teachers’ Retirement System of Oklahoma and
transferred to the Retirement Benefit Fund; the interest income
shall be distributed to the various funds on June 30 each year.
Added Laws 1969, c. 157, § 7, operative Aug. 2, 1969. Amended by
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.