Okla. Stat. tit. 70, § 70-17-116.19: Teacher's Retirement System - Increase in benefits

A. Beginning July 1, 2004, any person receiving benefits from

the Teacher’s Retirement System of Oklahoma 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 Less than $801.00 3.5%

$801.00 to $1,499.99 3.0%

$1,500.00 or greater 2.5%

B. Beginning in July 2004, those individuals receiving benefits

pursuant to subsection (3) of Section 17-105 of Title 70 of the

Oklahoma Statutes whose benefits commenced prior to July 1, 2003,

shall receive an increase in benefits of four percent (4%).