Okla. Stat. tit. 74, § 74-930.7
This is the official text of Okla. Stat. tit. 74, § 74-930.7, 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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Increase in benefits - Amount
Official statutory text
A. Except as otherwise provided by this section, any person
receiving retirement benefits from the Oklahoma Public Employees
Retirement System as of June 30, 2001, who continues to receive
benefits on or after July 1, 2002, shall, beginning in July 2002,
receive an increase in retirement benefits equal to five percent
(5%).
B. Any person who is otherwise eligible for the benefit
increase provided in subsection A of this section, who retired from
the System with not less than twenty-five (25) years nor more than
twenty-nine (29) years of service, shall receive, in lieu of the
benefit increase provided in subsection A of this section, an
increase in retirement benefits equal to five and five-tenths
percent (5.5%) beginning July 2002.
Oklahoma Statutes - Title 74. State Government Page 713
C. Any person who is otherwise eligible for the benefit
increase provided in subsection A of this section, who retired from
the System with thirty (30) or more years of service, shall receive,
in lieu of the benefit increase provided in subsection A of this
section, an increase in retirement benefits equal to six percent
(6%) beginning July 2002.
receiving retirement benefits from the Oklahoma Public Employees
Retirement System as of June 30, 2001, who continues to receive
benefits on or after July 1, 2002, shall, beginning in July 2002,
receive an increase in retirement benefits equal to five percent
(5%).
B. Any person who is otherwise eligible for the benefit
increase provided in subsection A of this section, who retired from
the System with not less than twenty-five (25) years nor more than
twenty-nine (29) years of service, shall receive, in lieu of the
benefit increase provided in subsection A of this section, an
increase in retirement benefits equal to five and five-tenths
percent (5.5%) beginning July 2002.
Oklahoma Statutes - Title 74. State Government Page 713
C. Any person who is otherwise eligible for the benefit
increase provided in subsection A of this section, who retired from
the System with thirty (30) or more years of service, shall receive,
in lieu of the benefit increase provided in subsection A of this
section, an increase in retirement benefits equal to six percent
(6%) beginning July 2002.
Status: in_force · Read it on the official government site
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