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 ServiceMonthly Benefit
of the Retired Memberas of June 30, 2004Benefit Increase
20 years or moreLess than $1,500.004.5%
$1,500.00 to $2,500.004.0%
Over $2,500.003.5%
15 to 19 yearsLess than $1,000.004.0%
$1,000.00 to $2,000.003.5%
Greater than $2,000.003.0%
Less than 15 years$800.00 or less3.5%
$800.01 to $1,499.993.0%
$1,500.00 or greater2.5%
Added by Laws 2004, c. 536, § 31, eff. July 1, 2004.
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