Okla. Stat. tit. 70, § 70-17-107: Disposition of interest

The interest earned on the investments in the Teachers’

Retirement System of Oklahoma shall be credited in the following

manner:

1. There shall be deducted from the annual interest on

investments an amount necessary for the amortization of bonds

purchased and owned by the Teachers’ Retirement System of Oklahoma;

2. There shall be deducted from the annual interest on

investments an amount of money necessary for the operation of the

Teachers’ Retirement System of Oklahoma; and

3. Any residue remaining in the Interest Fund after the

requirements of paragraphs 1 and 2 of this section have been fully

met shall be used for the purpose of paying retirement benefits to

the retirees of the Teachers’ Retirement System of Oklahoma and

transferred to the Retirement Benefit Fund; the interest income

shall be distributed to the various funds on June 30 each year.

Added Laws 1969, c. 157, § 7, operative Aug. 2, 1969. Amended by