{"data":{"id":"us-ok/okla.-stat.-tit.-70-70-17-107","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 70, § 70-17-107","heading":"Disposition of interest","body":"The interest earned on the investments in the Teachers’\n\nRetirement System of Oklahoma shall be credited in the following\n\nmanner:\n\n1. There shall be deducted from the annual interest on\n\ninvestments an amount necessary for the amortization of bonds\n\npurchased and owned by the Teachers’ Retirement System of Oklahoma;\n\n2. There shall be deducted from the annual interest on\n\ninvestments an amount of money necessary for the operation of the\n\nTeachers’ Retirement System of Oklahoma; and\n\n3. Any residue remaining in the Interest Fund after the\n\nrequirements of paragraphs 1 and 2 of this section have been fully\n\nmet shall be used for the purpose of paying retirement benefits to\n\nthe retirees of the Teachers’ Retirement System of Oklahoma and\n\ntransferred to the Retirement Benefit Fund; the interest income\n\nshall be distributed to the various funds on June 30 each year.\n\nAdded Laws 1969, c. 157, § 7, operative Aug. 2, 1969. Amended by","path":["OK Code","Title 70"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os70.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"fb5653686a8df60508cba4975330e4d6c829ab1bd63a71000533ae3e78e2bf78","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-70-70-17-106.4","next":"us-ok/okla.-stat.-tit.-70-70-17-108"},"notice":"GroundRules: Original legal text. Not legal advice."}