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§ 930.11. Increase in benefits--July 1, 2020--Offset

Oklahoma Statutes AnnotatedTitle 74. State GovernmentEffective: July 1, 2020

Oklahoma Statutes Annotated
Title 74. State Government (Refs & Annos)
Chapter 29. Oklahoma Public Employees Retirement System (Refs & Annos)
Effective: July 1, 2020
74 Okl.St.Ann. § 930.11
§ 930.11. Increase in benefits--July 1, 2020--Offset
Currentness
Any person receiving benefits from the Oklahoma Public Employees 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.

Credits

Laws 2020, c. 121, § 7, eff. July 1, 2020.
74 Okl. St. Ann. § 930.11, OK ST T. 74 § 930.11
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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