Oklahoma § 74-930.7 - Increase in benefits - Amount
Full text of Oklahoma Oklahoma Statutes § 74-930.7 — Increase in benefits - Amount, with citation guidance and answers to common questions.
§ 74-930.7. Increase in benefits - Amount
A. Except as otherwise provided by this section, any person
receiving retirement benefits from the Oklahoma Public Employees
Retirement System as of June 30, 2001, who continues to receive
benefits on or after July 1, 2002, shall, beginning in July 2002,
receive an increase in retirement benefits equal to five percent
(5%).
B. Any person who is otherwise eligible for the benefit
increase provided in subsection A of this section, who retired from
the System with not less than twenty-five (25) years nor more than
twenty-nine (29) years of service, shall receive, in lieu of the
benefit increase provided in subsection A of this section, an
increase in retirement benefits equal to five and five-tenths
percent (5.5%) beginning July 2002.
Oklahoma Statutes - Title 74. State Government
C. Any person who is otherwise eligible for the benefit
increase provided in subsection A of this section, who retired from
the System with thirty (30) or more years of service, shall receive,
in lieu of the benefit increase provided in subsection A of this
section, an increase in retirement benefits equal to six percent
(6%) beginning July 2002.
Added by Laws 2002, c. 394, § 5, eff. July 1, 2002.
Frequently Asked Questions About Oklahoma § 74-930.7
What does Oklahoma Statutes § 74-930.7 cover?
Section 74-930.7 ("Increase in benefits - Amount") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 74-930.7?
A common citation format is "Oklahoma Statutes § 74-930.7" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 74-930.7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.