Okla. Stat. tit. 70, § 70-17-116.19
This is the official text of Okla. Stat. tit. 70, § 70-17-116.19, 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.
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Teacher's Retirement System - Increase in benefits
Official statutory text
A. Beginning July 1, 2004, any person receiving benefits from
the Teacher’s Retirement System of Oklahoma as of June 30, 2003, who
continues to receive benefits on or after July 1, 2004, shall
receive a percentage increase in said benefits on July 1, 2004, as
follows:
Years of Service Monthly Benefit
of the Retired Member as of June 30, 2004 Benefit Increase
20 years or more Less than $1,500.00 4.5%
$1,500.00 to $2,500.00 4.0%
Over $2,500.00 3.5%
15 to 19 years Less than $1,000.00 4.0%
$1,000.00 to $2,000.00 3.5%
Greater than $2,000.00 3.0%
Less than 15 years Less than $801.00 3.5%
$801.00 to $1,499.99 3.0%
$1,500.00 or greater 2.5%
B. Beginning in July 2004, those individuals receiving benefits
pursuant to subsection (3) of Section 17-105 of Title 70 of the
Oklahoma Statutes whose benefits commenced prior to July 1, 2003,
shall receive an increase in benefits of four percent (4%).
the Teacher’s Retirement System of Oklahoma as of June 30, 2003, who
continues to receive benefits on or after July 1, 2004, shall
receive a percentage increase in said benefits on July 1, 2004, as
follows:
Years of Service Monthly Benefit
of the Retired Member as of June 30, 2004 Benefit Increase
20 years or more Less than $1,500.00 4.5%
$1,500.00 to $2,500.00 4.0%
Over $2,500.00 3.5%
15 to 19 years Less than $1,000.00 4.0%
$1,000.00 to $2,000.00 3.5%
Greater than $2,000.00 3.0%
Less than 15 years Less than $801.00 3.5%
$801.00 to $1,499.99 3.0%
$1,500.00 or greater 2.5%
B. Beginning in July 2004, those individuals receiving benefits
pursuant to subsection (3) of Section 17-105 of Title 70 of the
Oklahoma Statutes whose benefits commenced prior to July 1, 2003,
shall receive an increase in benefits of four percent (4%).
Status: in_force · Read it on the official government site
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