Okla. Stat. tit. 62, § 62-254: Oklahoma Pension Improvement Revolving Fund

There is hereby created in the State Treasury a revolving fund

for the retirement systems of the State of Oklahoma to be designated

the "Oklahoma Pension Improvement Revolving Fund". The fund shall

be a continuing fund, not subject to fiscal year limitations, and

shall consist of all monies received and placed in the fund for the

benefit of retired members and beneficiaries of the retirement

systems of the State of Oklahoma from such sources as may be

designated by law. Expenditures from the fund shall be made only

pursuant to legislative appropriation from the Oklahoma Pension

Improvement Revolving Fund to pay for the cost of any legislatively

authorized cost-of-living adjustment for the retirees or

beneficiaries of the retirement systems of the State of Oklahoma or

to reduce the unfunded liabilities of any of the state retirement

systems.