Oklahoma Statutes
§ 11-48-101 — Authorization to provide retirement fund and system.
Oklahoma·Title 11 Cities And Towns
The governing body of any municipality may provide by ordinance for a retirement fund and system for any or all of its employees and the employees of a duly constituted authority of the municipality which are not otherwise provided for by a pension or retirement system. The governing body may establish said retirement system as delayed compensation in order to encourage continuous and meritorious service on the part of employees and thereby promote public efficiency, and may provide retirement allowances and other benefits for said employees, their surviving spouses, and surviving children. The retirement fund and system may include all municipal employees whether they are engaged in a governmental or nongovernmental function of the municipality or the municipal authority. The retirement f
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Legislative History
Amended by Laws 1984, c. 126, § 81, eff. Nov. 1, 1984.
Nearby Sections
15
§ 11-1-101
Short title.§ 11-1-102
Definitions.§ 11-1-103
Saving vested rights.§ 11-10-102
Governing body.§ 11-10-103
Qualifications of councilmembers.§ 11-10-104
Election of mayor and vice-mayor.§ 11-10-105
Duties of mayor and vice-mayor.§ 11-10-108
Council - Meetings.§ 11-10-109
Council - Quorum - Rules and voting.§ 11-10-111
Compensation of elective officers.