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§ 1104E. Increase in retirement benefits

Oklahoma Statutes AnnotatedTitle 20. Courts

Oklahoma Statutes Annotated
Title 20. Courts (Refs & Annos)
Chapter 16. Uniform Retirement System for Justices and Judges (Refs & Annos)
20 Okl.St.Ann. § 1104E
§ 1104E. Increase in retirement benefits
Currentness
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.

Credits

Laws 1985, c. 335, § 8, emerg. eff. July 30, 1985; Laws 1990, c. 340, § 20, eff. July 1, 1990; Laws 1994, c. 383, § 5, eff. July 1, 1994.
20 Okl. St. Ann. § 1104E, OK ST T. 20 § 1104E
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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