Oklahoma § 19-952 - Control and management

§ 19-952. Control and management

Every county establishing a retirement fund and system under the

terms of this act is authorized and directed to provide for the

control and management of such system by resolution which in

addition to other provisions shall provide for:

1. The qualifications of the persons eligible for retirement

benefits;

Oklahoma Statutes - Title 19. Counties and County Officers

2. The minimum age for retirement of employees;

3. The limitations of amounts to be paid to persons eligible

for retirement benefits;

4. A board of trustees to administer the fund to be selected as

provided for in Section 952.1 of this title;

5. The amount of contributions to be made by the county and the

amount to be made by the employees; and

6. Such rules, regulations, policies, and procedures as the

board of trustees shall determine necessary for the proper

regulation of the retirement fund and system.

Such fund and system shall be known as the "Employees'

Retirement System of _________ County, Oklahoma", and by such name

all of its business shall be transacted, all funds handled and all

of its cash and securities and other property held.

Added by Laws 1961, p. 217, § 2. Amended by Laws 1989, c. 124, § 1,

eff. July 1, 1989; Laws 2013, c. 281, § 1, eff. Nov. 1, 2013.