Section 17-116.13 - Calculation of retirement allowance - Increase in benefitsA. 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%).Okla. Stat. tit. 70, § 17-116.13
Added by Laws 1998 , SB 1037, c. 317, § 8, emerg. eff. 7/1/1998; Amended by Laws 1998 , HB 2695, c. 363, § 1, emerg. eff. 7/1/1998; Amended by Laws 1999 , HB 1005, c. 151, § 1, emerg. eff. 7/1/1999.