1| STATE OF OKLAHOMA | | | 2| 1st Session of the 59th Legislature (2023) | | | 3|SENATE BILL 853 By: Dossett | | | 4| | | | 5| | | | 6| AS INTRODUCED | | | 7| An Act relating to the Teachers' Retirement System of | | Oklahoma; providing for recurring benefits increase; | 8| and providing for codification. | | | 9| | | | 10| | | | 11|BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: | | | 12| SECTION 1. NEW LAW A new section of law to be codified | | | 13|in the Oklahoma Statutes as Section 17-116.23 of Title 70, unless | | | 14|there is created a duplication in numbering, reads as follows: | | | 15| Beginning July 1, immediately following the effective date of | | | 16|this act, and every third year thereafter on July 1, members of the | | | 17|Teachers' Retirement System of Oklahoma who are retired and have | | | 18|received benefits for at least one (1) year prior to July 1 of that | | | 19|year shall receive a two percent (2%) benefits increase. | | | 20| | | | 21| 59-1-644 RD 1/19/2023 11:01:35 AM | | | 22| | | | 23| | | | 24| | | | Req. No. 644 Page 1