§ 50-105.3 Certified estimate of rate of contribution required, accumulated contributions and o...
Oklahoma Statutes AnnotatedTitle 11. Cities and Towns
11 Okl.St.Ann. § 50-105.3
§ 50-105.3 Certified estimate of rate of contribution required, accumulated contributions and other assets of System
The State Board shall certify to the Director of the Office of Management and Enterprise Services, the Speaker of the House of Representatives, and the President Pro Tempore of the Senate, on or before November 1 of each year, an actuarially determined estimate of the rate of contribution which will be required, together with all accumulated contributions and other assets of the System to pay by level-dollar payments all liabilities which shall exist or accrue pursuant to the provisions of the System, including amortization of the unfunded accrued liability over a period of not to exceed thirty (30) years beginning July 1, 1988.
Credits
Laws 1983, c. 143, § 6, operative July 1, 1983; Laws 1988, c. 267, § 7, operative July 1, 1988; Laws 2003, c. 51, § 3, eff. July 1, 2003; Laws 2012, c. 304, § 50.
11 Okl. St. Ann. § 50-105.3, OK ST T. 11 § 50-105.3
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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