§ 930.8. Increase in benefits--July 1, 2004
Oklahoma Statutes AnnotatedTitle 74. State Government
74 Okl.St.Ann. § 930.8
§ 930.8. Increase in benefits--July 1, 2004
Beginning July 1, 2004, any person receiving benefits from the Oklahoma Public Employees Retirement System as of June 30, 2003, who continues to receive benefits on or after July 1, 2004, shall receive a percentage increase in said benefits on July 1, 2004, as follows:
Years of Service | Monthly Benefit |
|---|
of the Retired Member | as of June 30, 2004 | Benefit Increase |
|---|
20 years or more | Less than $1,500.00 | 4.5% |
$1,500.00 to $2,500.00 | 4.0% | |
Over $2,500.00 | 3.5% | |
15 to 19 years | Less than $1,000.00 | 4.0% |
$1,000.00 to $2,000.00 | 3.5% | |
Greater than $2,000.00 | 3.0% | |
Less than 15 years | $800.00 or less | 3.5% |
$800.01 to $1,499.99 | 3.0% | |
$1,500.00 or greater | 2.5% |
Credits
Laws 2004, c. 536, § 31, eff. July 1, 2004.
74 Okl. St. Ann. § 930.8, OK ST T. 74 § 930.8
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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