Okla. Stat. tit. 11, § 11-49-143.7: Increase in benefits – July 1, 2020 - Offset

A. Except as provided in subsection B of this section and

except for persons receiving benefits pursuant to Section 49-101 of

Title 11 of the Oklahoma Statutes, effective July 1, 2020, any

person receiving benefits from the Oklahoma Firefighters Pension and

Retirement System as of June 30, 2019, who continues to receive

benefits on or after July 1, 2020, shall receive an increase in

benefits as follows:

1. Zero percent (0%) if the person has been retired for less

than two (2) years as of July 1, 2020;

2. Two percent (2%) if the person has been retired for at least

two (2) years but less than five (5) years as of July 1, 2020; and

3. Four percent (4%) if the person has been retired for five

(5) years or more as of July 1, 2020.

B. Any increase in benefits a person is eligible to receive

pursuant to repealed Section 49-136 of Title 11 of the Oklahoma

Statutes after June 30, 2008, shall be used to offset the increase

in benefits provided in subsection A of this section.

C. Effective July 1, 2020, any person receiving benefits

pursuant to Section 49-101 of Title 11 of the Oklahoma Statutes

shall each receive:

1. No increase from the amount listed in subsection C of

Section 49-143.6 of Title 11 of the Oklahoma Statutes, which is

Seven Dollars and fifty-three cents ($7.53) per year of credited

service, not to exceed thirty (30) years of service, if the person

has been retired for less than two (2) years as of July 1, 2020;

2. An increase in benefits of two percent (2%) to Seven Dollars

and sixty-eight cents ($7.68) per year of credited service, not to

exceed thirty (30) years of service, if the person has been retired

for at least two (2) years but less than five (5) years as of July

1, 2020; and

3. An increase in benefits of four percent (4%) to Seven

Dollars and eighty-three cents ($7.83) per year of credited service,

not to exceed thirty (30) years of service, if the person has been

retired for five (5) years or more as of July 1, 2020.