2016 Oklahoma Statutes
Title 11. Cities and Towns
§11-50-136.1. Increase in benefits - Repealed Section 50-120.
A. Except as provided in subsection B of this section, any person receiving benefits from the Oklahoma Police Pension and Retirement System as of June 30, 1993, shall receive a two and one-half percent (2 1/2%) increase in said benefits on July 1, 1994.
B. Notwithstanding the provisions of Section 50-111.3 of this title, any increase in benefits a person is eligible to receive or has received during calendar year 1990 and any subsequent calendar year pursuant to repealed Section 50-120 of this title shall be used to offset the increase in benefits provided in subsection A of this section.
Added by Laws 1988, c. 267, § 15, operative July 1, 1988. Amended by Laws 1994, c. 383, § 4, eff. July 1, 1994.
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