Okla. Stat. tit. 74, § 74-930.6
This is the official text of Okla. Stat. tit. 74, § 74-930.6, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
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Calculation of retirement benefit increase
Official statutory text
Any member receiving retirement benefits from the System as of
June 30, 1999, who continues to receive benefits on or after July 1,
2000, shall receive an increase in retirement benefits to be
computed as follows:
1. Multiply One Thousand Two Hundred Eighty-three Dollars
($1,283.00) by two percent (2%);
2. Multiply the sum of paragraph 1 by the number of years of
credited service of the member;
3. Divide the sum of paragraph 2 by twelve (12) and this shall
be the increase in the monthly retirement benefit; and
4. This increase shall be adjusted to reflect any options
selected by the member at the time of retirement.
June 30, 1999, who continues to receive benefits on or after July 1,
2000, shall receive an increase in retirement benefits to be
computed as follows:
1. Multiply One Thousand Two Hundred Eighty-three Dollars
($1,283.00) by two percent (2%);
2. Multiply the sum of paragraph 1 by the number of years of
credited service of the member;
3. Divide the sum of paragraph 2 by twelve (12) and this shall
be the increase in the monthly retirement benefit; and
4. This increase shall be adjusted to reflect any options
selected by the member at the time of retirement.
Status: in_force · Read it on the official government site
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