Public Employees Retirement System - Increase of

benefits. 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 Service Monthly Benefit of the Retired Member as of June 30, 2004 Benefit Increase 20 years or more Less than $1,500.00 4.5% $1,500.00 to $2,500.00 4.0% Over $2,500.00 3.5% 15 to 19 years Less than $1,000.00 4.0% $1,000.00 to $2,000.00 3.5% Greater than $2,000.00 3.0% Less than 15 years $800.00 or less 3.5% $800.01 to $1,499.99 3.0% $1,500.00 or greater 2.5% Added by Laws 2004, c. 536, § 31, eff. July 1, 2004.