Oklahoma § 20-1104E Increase in retirement benefits.

Oklahoma Statutes

§ 20-1104E — Increase in retirement benefits.

Oklahoma § 20-1104E

Title 20Courts

This text of Oklahoma § 20-1104E (Increase in retirement benefits.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 20, § 20-1104E (2026).

Text

Every person receiving retirement benefits from the System as of June 30, 1993, shall receive on July 1, 1994, an increase in retirement benefits to be computed as follows: 1. Multiply Seven Hundred Eighty Dollars ($780.00) by four percent (4%); 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; 4. This increase shall be adjusted to reflect any options selected by the member at the time of retirement.

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Every person receiving retirement benefits from the System as of June 30, 1993, shall receive on July 1, 1994, an increase in retirement benefits to be computed as follows: 1. Multiply Seven Hundred Eighty Dollars ($780.00) by four percent (4%); 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; 4. This increase shall be adjusted to reflect any options selected by the member at the time of retirement.

Legislative History

Added by Laws 1985, c. 335, § 8, emerg. eff. July 30, 1985. Amended by Laws 1990, c. 340, § 20, eff. July 1, 1990; Laws 1994, c. 383, § 5, eff. July 1, 1994.