Okla. Stat. tit. 19, § 19-954: Annual appropriation - Maximum contributions
Where this section sits in the code
- OK Code
- Title 19
It shall be the mandatory duty of the board of county
commissioners of any county establishing a retirement fund and
system to appropriate annually, for the sole use of the retirement
fund within its general fund and subject to the approval of the
county excise board, a sum which shall be equal to or exceed the
contributions made to the retirement fund by the employees. Such
appropriation shall not exceed the sum of the current annual
salaries of all employees to be covered in the following
percentages:
July 1, 2007 – June 30, 2008 13 1/2%
July 1, 2008 – June 30, 2009 14 1/2%
July 1, 2009 – June 30, 2010 15 1/2%
July 1, 2010 – June 30, 2019 16 1/2%
July 1, 2019 - June 30, 2025 18 1/2%
July 1, 2025 - June 30, 2026
and each year thereafter 22%
Beginning July 1, 2025, the total employer and employee
contributions shall not exceed twenty-two percent (22%) of the
monthly compensation of each member. The governing body of the
participating employers listed in this section may vary the
percentage contribution of the employer and employee, provided the
total percentage contributed by the employer and employee equals the
total percentage contribution required by this section. Payment of
such shall be paid to the fund upon verified claims by the treasurer
of the fund approved by the board of trustees and attested by its
clerk.
Collected 2026-09-14T18:32:36Z. Source file · JSON