Okla. Stat. tit. 74, § 74-920

(1) Effective July 1, 1994, every state agency which is a

participating employer shall contribute to the System an amount

equal to eleven and one-half percent (11 1/2%) of the monthly

compensation of each member, but not in excess of Forty Thousand

Dollars ($40,000.00).

(2) Effective July 1, 1995, every state agency which is a

participating employer shall contribute to the System an amount

equal to eleven and one-half percent (11 1/2%) of the monthly

compensation of each member, not to exceed the allowable annual

compensation as defined in paragraph (9) of Section 902 of this

title.

(3) Effective July 1, 1996, every state agency which is a

participating employer shall contribute to the System an amount

equal to twelve percent (12%) of the monthly compensation of each

member, not to exceed the allowable annual compensation defined in

paragraph (9) of Section 902 of this title.

(4) Effective July 1, 1999, and through the fiscal year ending

June 30, 2005, every state agency which is a participating employer

shall contribute to the System an amount equal to ten percent (10%)

of the monthly compensation of each member, not to exceed the

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allowable annual compensation defined in paragraph (9) of Section

902 of this title.

(5) Effective July 1, 2005, except as otherwise provided by

subsection (11) of this section, every state agency which is a

participating employer shall contribute an amount to the System

equal to a percentage of monthly compensation of each member, not to

exceed the allowable annual compensation defined in paragraph (9) of

Section 902 of this title as follows:

July 1, 2005 – June 30, 2006 11 1/2%

July 1, 2006 – June 30, 2007 12 1/2%

July 1, 2007 – June 30, 2008 13 1/2%

July 1, 2008 – June 30, 2009 14 1/2%

July 1, 2009 – June 30, 2011 15 1/2%

July 1, 2011 – June 30, 2012

and each year thereafter 16 1/2%

(6) The Board shall certify, on or before November 1 of each

year, to the Office of Management and Enterprise Services an

actuarially determined estimate of the rate of contribution which

will be required, together with all accumulated contributions and

other assets of the System, to be paid by each participating

employer to pay all liabilities which shall exist or accrue under

the System, including amortization of the past service cost over a

period of not to exceed forty (40) years from June 30, 1987, and the

cost of administration of the System, as determined by the Board,

upon recommendation of the actuary.

(7) The Office of Management and Enterprise Services and the

Governor shall include in the budget and in the budget request for

appropriations the sum required to satisfy the state's obligation

under this section as certified by the Board and shall present the

same to the Legislature for allowance and appropriation.

(8) Each other participating employer shall appropriate and pay

to the System a sum sufficient to satisfy the obligation under this

section as certified by the Board.

(9) Each participating employer is hereby authorized to pay the

employer's contribution from the same fund that the compensation for

which said contribution is paid from or from any other funds

available to it for such purpose.

(10) Forfeitures arising from severance of employment, death or

for any other reason may not be applied to increase the benefits any

member would otherwise receive under the System's law. However,

forfeitures may be used to reduce an employer's contribution.
the same fund that the compensation for

which said contribution is paid from or from any other funds

available to it for such purpose.

(10) Forfeitures arising from severance of employment, death or

for any other reason may not be applied to increase the benefits any

member would otherwise receive under the System's law. However,

forfeitures may be used to reduce an employer's contribution.

(11) Effective November 1, 2015, an employer shall be required

to make payment to the Oklahoma Public Employees Retirement System

of the amount described by subsection A of Section 10 of this act

with respect to any employee who is a participant in the defined

contribution system created pursuant to the provisions of Sections 1

through 11 of this act. The employer shall be required to make the

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required matching contribution amount for all employees that

participate in the defined contribution system and to remit the

difference between such amount and the amount the employer would

otherwise have paid pursuant to the provisions of this section to

the Oklahoma Public Employees Retirement System.