Bill Text For SB0853 - Introduced

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