Okla. Stat. tit. 74 § 930.8
Current through Laws 2024, c. 453.
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 of the Retired Member | Monthly Benefit 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% |
Okla. Stat. tit. 74, § 930.8