Okla. Stat. tit. 70, § 70-17-116.22
This is the official text of Okla. Stat. tit. 70, § 70-17-116.22, 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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Increase in benefits – July 1, 2020 - Offset
Official statutory text
A. Any person receiving benefits from the Teachers' Retirement
System of Oklahoma as of June 30, 2019, other than those benefits
specified in subsection B of this section, 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 person receiving benefits pursuant to subsection (3) of
Section 17-105 of Title 70 of the Oklahoma Statutes whose benefits
commenced prior to July 1, 2020, and 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;
Oklahoma Statutes - Title 70. Schools Page 800
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.
System of Oklahoma as of June 30, 2019, other than those benefits
specified in subsection B of this section, 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 person receiving benefits pursuant to subsection (3) of
Section 17-105 of Title 70 of the Oklahoma Statutes whose benefits
commenced prior to July 1, 2020, and 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;
Oklahoma Statutes - Title 70. Schools Page 800
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.
Status: in_force · Read it on the official government site
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