1997 General Legislative Goals 1. Maintain the funding schedule as provided in 70 O.S. 17-108. Ask the Legislature to explore options available to provide funding to local employers to fully implement the financial provisions of 70 O.S. 17-108. Fund any benefit increase improvements over a period consistent with standard actuarial assumptions. Both employer and member contributions are based on regular annual compensation.
Statutes define regular annual compensation as wages and fringe benefits.
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