Home Table of Contents

§ 50-136.9. Increase in benefits--July 1, 2020--Offset

Oklahoma Statutes AnnotatedTitle 11. Cities and TownsEffective: July 1, 2020

Oklahoma Statutes Annotated
Title 11. Cities and Towns (Refs & Annos)
Chapter 1. Municipal Code (Refs & Annos)
Retirement and Pensions
Article L. Police Pension and Retirement System (Refs & Annos)
Part 1. Municipal Police Pension and Retirement System (Refs & Annos)
Effective: July 1, 2020
11 Okl.St.Ann. § 50-136.9
§ 50-136.9. Increase in benefits--July 1, 2020--Offset
Currentness
A. Except as provided in subsection B of this section, any person receiving benefits from the Oklahoma Police Pension and Retirement System as of June 30, 2019, who continues to receive benefits on or after July 1, 2020, shall receive an increase in benefits as follows:
1. Zero percent (0%) if the person has been retired for less than two (2) years as of July 1, 2020;
2. Two percent (2%) if the person has been retired for at least two (2) years but less than five (5) years as of July 1, 2020; and
3. Four percent (4%) if the person has been retired for five (5) years or more as of July 1, 2020.
B. Any increase in benefits a person is eligible to receive pursuant to repealed Section 50-120 of Title 11 of the Oklahoma Statutes, after June 30, 2008, shall be offset by the increase in benefits, if any, provided by this section.

Credits

Laws 2020, c. 121, § 3, eff. July 1, 2020.
11 Okl. St. Ann. § 50-136.9, OK ST T. 11 § 50-136.9
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.
End of Document