Oklahoma § 82-864.1

§ 82-864.1.

premiums.

Retired employees - Payment of health insurance

Oklahoma Statutes - Title 82. Waters and Water Rights

Except as otherwise provided for in this section, for the life

of a retired employee, the Grand River Dam Authority shall pay not

less than Sixty Dollars ($60.00) of its retired member’s, employee

only, health insurance premiums as long as the retiree elects to

continue participation in one of the plans offered by the State and

Education Employees Group Insurance Board. Such payment made by the

Grand River Dam Authority shall be in addition to any amount

contributed by the Oklahoma Public Employees Retirement System

pursuant to Section 1316.2 of Title 74 of the Oklahoma Statutes. At

its discretion, the Board of Directors of the Grand River Dam

Authority may elect to pay more than Sixty Dollars ($60.00) toward

the health insurance premium of a retired employee.

If the sum of the amount paid by the Grand River Dam Authority

plus the medical supplement paid by the Oklahoma Public Employees

Retirement System pursuant to Section 1316.2 of Title 74 of the

Oklahoma Statutes exceeds the amount of the retired member’s,

employee only, health insurance premium, the Authority may reduce

the amount it contributes.

Added by Laws 2003, c. 459, § 5. Amended by Laws 2004, c. 524, § 4;

Laws 2005, c. 234, § 4, emerg. eff. May 26, 2005.