Home Table of Contents

§ 17-116.13. Calculation of retirement allowance--Increase in benefits

Oklahoma Statutes AnnotatedTitle 70. Schools

Oklahoma Statutes Annotated
Title 70. Schools (Refs & Annos)
Division I. School Code of 1971
Chapter 1. School Code of 1971
Article XVII. Teachers' Retirement System (Refs & Annos)
70 Okl.St.Ann. § 17-116.13
§ 17-116.13. Calculation of retirement allowance--Increase in benefits
Currentness
A. Beginning July 1, 1998, a classified member who retired prior to July 1, 1997, shall have the member's retirement allowance calculated on the member's current average salary plus One Thousand Four Hundred Dollars ($1,400.00).
B. Beginning July 1, 1998, a nonclassified member who retired prior to July 1, 1997, shall have the member's retirement allowance calculated on the member's current average salary plus Seven Hundred Dollars ($700.00).
C. Beginning July 1, 1998, those individuals receiving benefits pursuant to subsection (3) of Section 17-105 of this title whose benefits commenced prior to July 1, 1997, shall receive an increase in benefits of five and four-tenths percent (5.4%).

Credits

Laws 1998, c. 317, § 8, eff. July 1, 1998; Laws 1998, c. 363, § 1, eff. July 1, 1998; Laws 1999, c. 151, § 1, eff. July 1, 1999.
70 Okl. St. Ann. § 17-116.13, OK ST T. 70 § 17-116.13
Current with emergency effective legislation through Chapter 378 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document