Okla. Stat. tit. 70, § 17-116.13
Retirement Allowance - Calculation
Effective Jul 1, 1999Laws 1998, SB 1037, c. 317, § 8, emerg. eff. July 1, 1998; Amended by Laws 1998, HB 2695, c. 363, § 1, emerg. eff. July 1, 1998 (superseded document available); Amended by Laws 1999, HB 1005, c. 151, § 1, emerg. eff. July 1, 1999 (superseded document available).
- 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%).
Laws 1998, SB 1037, c. 317, § 8, emerg. eff. July 1, 1998; Amended by Laws 1998, HB 2695, c. 363, § 1, emerg. eff. July 1, 1998 (superseded document available); Amended by Laws 1999, HB 1005, c. 151, § 1, emerg. eff. July 1, 1999 (superseded document available).