reglab/housing_qa huggingface dataset:
11 OK Stat § 11-49-143.7 (2021)
2021 Oklahoma Statutes|Title 11. Cities and Towns|§11-49-143.7. Increase in benefits – July 1, 2020 - Offset.

|A. Except as provided in subsection B of this section and except for persons receiving benefits pursuant to Section 49-101 of Title 11 of the Oklahoma Statutes, effective July 1, 2020, any person receiving benefits from the Oklahoma Firefighters Pension and Retirement System as of June 30, 2019, who continues to receive benefits on or after July 1, 2020, shall receive an increase in benefits as follows: |1. Zero percent (0%) if the person has been retired for less than two (2) years as of July 1, 2020;2. Two percent (2%) if the person has been retired for at least two (2) years but less than five (5) years as of July 1, 2020; and3. Four percent (4%) if the person has been retired for five (5) years or more as of July 1, 2020.B. Any increase in benefits a person is eligible to receive pursuant to repealed Section 49-136 of Title 11 of the Oklahoma Statutes after June 30, 2008, shall be used to offset the increase in benefits provided in subsection A of this section.C. Effective July 1, 2020, any person receiving benefits pursuant to Section 49-101 of Title 11 of the Oklahoma Statutes shall each receive:1. No increase from the amount listed in subsection C of Section 49-143.6 of Title 11 of the Oklahoma Statutes, which is Seven Dollars and fifty-three cents ($7.53) per year of credited service, not to exceed thirty (30) years of service, if the person has been retired for less than two (2) years as of July 1, 2020;2. An increase in benefits of two percent (2%) to Seven Dollars and sixty-eight cents ($7.68) per year of credited service, not to exceed thirty (30) years of service, if the person has been retired for at least two (2) years but less than five (5) years as of July 1, 2020; and3. An increase in benefits of four percent (4%) to Seven Dollars and eighty-three cents ($7.83) per year of credited service, not to exceed thirty (30) years of service, if the person has been retired for five (5) years or more as of July 1, 2020.Added by Laws 2020, c. 121, § 2, eff. July 1, 2020.
11 OK Stat § 11-50-102.1 (2021)
2021 Oklahoma Statutes|Title 11. Cities and Towns|§11-50-102.1. Police Pension and Retirement System - Creation - Status - Powers and duties.

|There is created the Oklahoma Police Pension and Retirement System which shall be a body corporate and an instrumentality of this state. The System shall be vested with the powers and duties specified in this act and such other powers as may be necessary to enable it and its officers and employees to carry out fully and effectively the purposes and intent of this article. All assets of the System shall be held in trust for the exclusive purpose of providing benefits for the members and beneficiaries of the System, including defraying reasonable expenses of administering the System, and shall not be encumbered for or diverted to any other purpose. This System shall be the responsibility of the state and not that of the participating municipalities. |Added by Laws 1980, c. 356, § 2, eff. Jan. 1, 1981. Amended by Laws 2000, c. 287, § 2, eff. July 1, 2000.
11 OK Stat § 11-50-104.1 (2021)
2021 Oklahoma Statutes|Title 11. Cities and Towns|§11-50-104.1. Meetings of State Board - Special meetings - Notice - Quorum - Travel expenses.

|A. The State Board shall hold regular meetings in Oklahoma City at least once each quarter, the dates, time, and place thereof to be fixed by the State Board. The State Board shall hold a regular meeting in July of each year which meeting shall be the annual meeting at which it shall elect its Chairman. Special meetings may be called upon written call of the Chairman or by agreement of any eight (8) members of the State Board. Notice of a special meeting shall be mailed to all State Board members not less than seven (7) days prior to the date fixed for the meeting; provided, however, that notice of such meeting may be waived by any member either before or after such meeting and attendance at such meeting shall constitute a waiver of notice of such meeting, unless a member participates therein solely to object to the transaction of any business because the meeting has not been legally called or convened. |B. Seven (7) State Board members shall constitute a quorum for the transaction of business, but any official action of the State Board shall be based upon a favorable vote by at least seven (7) State Board members at a regular, special, or emergency meeting of the State Board.C. State Board members shall be reimbursed for necessary travel expenses pursuant to the State Travel Reimbursement Act.Added by Laws 1980, c. 356, § 4, eff. Jan. 1, 1981. Amended by Laws 1985, c. 178, § 10, operative July 1, 1985; Laws 1988, c. 321, § 10, operative July 1, 1988; Laws 2000, c. 287, § 3, eff. July 1, 2000; Laws 2003, c. 51, § 2, eff. July 1, 2003.
11 OK Stat § 11-50-104.2 (2021)
2021 Oklahoma Statutes|Title 11. Cities and Towns|§11-50-104.2. Office facilities - Record of proceedings - Financial statement - Audits.

|A. The principal office of the System shall be in Oklahoma City, Oklahoma. Notwithstanding any statute or rule to the contrary, the State Board, in accordance with its fiduciary duty, is hereby authorized to own and occupy necessary office space in suitable quarters as the State Board deems appropriate. |B. The State Board shall keep a record of all of its proceedings, which shall be open for inspection at all reasonable hours. A report including such information as the operation of the System for the past fiscal year, including income, disbursements, and the financial condition of the fund at the end of each fiscal year and showing the valuation of its assets, investments, and liabilities, shall be delivered to the Governor after the end of each fiscal year but prior to October 1 of the next fiscal year and made available to the members and participating municipalities.C. The State Auditor and Inspector shall make an annual audit of the accounts of the System. The audit shall be filed as soon after the close of the fiscal year as practicable, in accordance with the requirements for financial statement audits in Section 212A of Title 74 of the Oklahoma Statutes.Added by Laws 1980, c. 356, § 5, eff. Jan. 1, 1981. Amended by Laws 1983, c. 304, § 7, eff. July 1, 1983; Laws 1985, c. 221, § 2, emerg. eff. July 8, 1985; Laws 1995, c. 173, § 2, eff. July 1, 1995; Laws 1996, c. 290, § 3, eff. July 1, 1996; Laws 2012, c. 279, § 1, eff. July 1, 2012.
11 OK Stat § 11-50-105.1 (2021)
2021 Oklahoma Statutes|Title 11. Cities and Towns|§11-50-105.1. Executive Director - Employees - Acceptance of gifts or gratuities - Actuary - Legal services.

|A. The State Board shall appoint an Executive Director. Subject to the policy direction of the State Board, the Executive Director shall be the managing and administrative officer of the System and as such shall have charge of the office, records, and supervision and direction of the employees of the System. |B. The Executive Director shall recommend to the State Board the administrative organization, the number and qualifications of employees necessary to carry out the intent of this article, and the policy direction of the State Board. Upon approval of the organizational plan by the State Board, the Executive Director may employ such persons as are deemed necessary to administer this article.C. The members of the State Board, the Executive Director and the employees of the System shall not accept gifts or gratuities from an individual organization with a value in excess of the amount per year permitted by the Ethics Commission for all state officials and employees. The provisions of this section shall not be construed to prevent the members of the State Board, the Executive Director or the employees of the System from attending educational seminars, conferences, meetings or similar functions which are paid for, directly or indirectly, by more than one organization.D. The State Board may select and retain a qualified actuary who shall serve at its pleasure as its technical advisor or consultant on matters regarding the operation of the System. The actuary may at the direction of the State Board:1. Make an annual valuation of the liabilities and reserves of the System, and a determination of the contributions required by the System to discharge its liabilities and administrative costs under this article, and recommend to the State Board rates of employer contributions required to establish and maintain the System on an adequate reserve basis;2. As deemed necessary by the State Board, make a general investigation of the actuarial experience under the System, including mortality, retirement, employment turnover, and interest, and recommend actuarial tables for use in valuations and in calculating actuarial equivalent values based on such investigation; and3. Perform such other duties as may be assigned by the State Board.E. The State Board may retain an attorney licensed to practice law in this state. The attorney shall serve at the pleasure of the State Board for such compensation as set by the State Board. The Attorney General shall furnish such legal services as may be requested by the State Board.Added by Laws 1980, c. 356, § 6, eff. Jan. 1, 1981. Amended by Laws 1988, c. 321, § 11, operative July 1, 1988; Laws 2000, c. 287, § 4, eff. July 1, 2000; Laws 2004, c. 551, § 2, emerg. eff. June 9, 2004.
11 OK Stat § 11-50-105.2 (2021)
2021 Oklahoma Statutes|Title 11. Cities and Towns|§11-50-105.2. Administration of System - Rules and regulations - Accounts and records - Open meetings - Actuarial tables - Decisions of Board - Actions.

|A. The State Board shall be responsible for the policies and rules for the general administration of the System, subject to the provisions of this article. |B. The State Board shall establish rules and regulations for the administration of the System and for the transaction of its business consistent with law, which rules and regulations shall be filed with the Secretary of State.C. The State Board shall be responsible for the installation or provision of a complete and adequate system of accounts and records.D. All meetings of the State Board shall be open to the public. The State Board shall keep a record of its proceedings.E. The State Board may adopt all necessary actuarial tables to be used in the operation of the System as recommended by the actuary and may compile such additional data as may be necessary for required actuarial valuation calculations.F. All decisions of the State Board as to questions of fact shall be final and conclusive on all persons except for the right of review as provided by law and except for fraud or such gross mistake of fact as to have effect equivalent to fraud.G. The State Board shall take all necessary action upon applications for pensions, disability benefits, refund of accumulated contributions and shall take action on all other matters deemed necessary by the State Board.Amended by Laws 1985, c. 221, § 3, emerg. eff. July 8, 1985; Laws 1987, c. 236, § 152, emerg. eff. July 20, 1987; Laws 1988, c. 321, § 12, operative July 1, 1988.
11 OK Stat § 11-50-105.3 (2021)
2021 Oklahoma Statutes|Title 11. Cities and Towns|§11-50-105.3. Certified estimate of rate of contribution required, accumulated contributions and other assets of System.

|The State Board shall certify to the Director of the Office of Management and Enterprise Services, the Speaker of the House of Representatives, and the President Pro Tempore of the Senate, on or before November 1 of each year, an actuarially determined estimate of the rate of contribution which will be required, together with all accumulated contributions and other assets of the System to pay by level-dollar payments all liabilities which shall exist or accrue pursuant to the provisions of the System, including amortization of the unfunded accrued liability over a period of not to exceed thirty (30) years beginning July 1, 1988. |Added by Laws 1983, c. 143, § 6, emerg. eff. May 26, 1983. Amended by Laws 1988, c. 267, § 7, operative July 1, 1988; Laws 2003, c. 51, § 3, eff. July 1, 2003; Laws 2012, c. 304, § 50.
11 OK Stat § 11-50-105.5 (2021)
2021 Oklahoma Statutes|Title 11. Cities and Towns|§11-50-105.5. Duties of fiduciaries.

|A. A fiduciary with respect to the Oklahoma Police Pension and Retirement System shall not cause the System to engage in a transaction if the fiduciary knows or should know that such transaction constitutes a direct or indirect: |1. sale or exchange, or leasing of any property from the System to a party in interest for less than adequate consideration or from a party in interest to the System for more than adequate consideration;2. lending of money or other extension of credit from the System to a party in interest without the receipt of adequate security and a reasonable rate of interest, or from a party in interest to the System with provision of excessive security or an unreasonably high rate of interest;3. furnishing of goods, services or facilities from the System to a party in interest for less than adequate consideration, or from a party in interest to the System for more than adequate consideration; or4. transfer to, or use by or for the benefit of, a party in interest of any assets of the System for less than adequate consideration.B. A fiduciary with respect to the Oklahoma Police Pension and Retirement System shall not:1. deal with the assets of the System in the fiduciary's own interest or for the fiduciary's own account;2. in the fiduciary's individual or any other capacity act in any transaction involving the System on behalf of a party whose interests are adverse to the interests of the System or the interests of its participants or beneficiaries; or3. receive any consideration for the fiduciary's own personal account from any party dealing with the System in connection with a transaction involving the assets of the System.C. A fiduciary with respect to the Oklahoma Police Pension and Retirement System may:1. invest all or part of the assets of the System in deposits which bear a reasonable interest rate in a bank or similar financial institution supervised by the United States or a state, if such bank or other institution is a fiduciary of such plan; or2. provide any ancillary service by a bank or similar financial institution supervised by the United States or a state, if such bank or other institution is a fiduciary of such plan.D. A person or a financial institution is a fiduciary with respect to the Oklahoma Police Pension and Retirement System to the extent that the person or the financial institution:1. exercises any discretionary authority or discretionary control respecting management of the Oklahoma Police Pension and Retirement System or exercises any authority or control respecting management or disposition of the assets of the System;2. renders investment advice for a fee or other compensation, direct or indirect, with respect to any monies or other property of the System, or has any authority or responsibility to do so; or3. has any discretionary authority or discretionary responsibility in the administration of the System.Added by Laws 1988, c. 321, § 14, operative July 1, 1988.
11 OK Stat § 11-50-105.6 (2021)
2021 Oklahoma Statutes|Title 11. Cities and Towns|§11-50-105.6. Deposit of contributions and dedicated revenues - Warrants and vouchers.

|A. All employee and employer contributions and dedicated revenues shall be deposited in the Oklahoma Police Pension and Retirement Fund in the State Treasury. The State Board shall have the responsibility for the management of the Oklahoma Police Pension and Retirement Fund, and may transfer monies used for investment purposes by the Oklahoma Police Pension and Retirement System from the Oklahoma Police Pension and Retirement Fund in the State Treasury to the custodian bank or trust company of the System. |B. All benefits payable pursuant to the provisions of the Oklahoma Police Pension and Retirement System, refunds of contribution and overpayments, and all administrative expenses in connection with the System shall be paid from the Oklahoma Police Pension and Retirement Fund upon warrants or vouchers signed by two persons designated by the State Board. The State Board may transfer monies from the custodian bank or trust company of the System to the Oklahoma Police Pension and Retirement Fund in the State Treasury for the purposes specified in this subsection.Added by Laws 1988, c. 321, § 15, operative July 1, 1988.
11 OK Stat § 11-50-106 (2021)
2021 Oklahoma Statutes|Title 11. Cities and Towns|§11-50-106. General powers of State Board.

|The State Board shall, in addition to other powers herein granted, have power to: |1. Compel witnesses to attend and testify before it upon all matters connected with the operations of this article or ordinances enacted by any municipality relative to the System, and in the same manner as is or may be provided by law for the taking of testimony before notaries public; and its Chairman or any member of the State Board may administer oaths to such witnesses;2. Provide for the payment of all its necessary expenses, and pay for actuarial, legal and such other services as shall be required to transact the business of the System;3. Provide all rules and regulations necessary for its guidance in conformity with the provisions of this article including the physical requirements for eligibility for initial membership in the System. In connection with such authority, on or after July 1, 2011, the State Board may permit, effective for applicable notices, elections and consents provided or made for a member, beneficiary, alternate payee or individual entitled to benefits under the System, the use of electronic media to provide such applicable notices and make such elections and consents as described in Section 1.401(a)-21 of the Income Tax Regulations;4. For the purpose of meeting disbursements for pensions and other payments, to keep on deposit in one or more banks, trust companies or savings and loan associations, to the extent that such deposit is insured, what it considers an adequate amount of cash. No trustee or employee of the State Board shall, directly or indirectly, for himself or as an agent, in any manner use the assets of the System, except to make such current and necessary payments as are authorized by the State Board, nor shall any trustee or employee of the State Board become an endorser or surety or become in any manner an obligor for monies loaned by or borrowed from the State Board; and5. Effective July 1, 1999, do all acts and things necessary and proper to carry out the purpose of the System and to make the least costly amendments and changes, if any, as may be necessary to qualify the System under the applicable sections of the Internal Revenue Code of 1986, as amended.Added by Laws 1977, c. 256, § 50-106, eff. July 1, 1978. Amended by Laws 1980, c. 356, § 8, eff. Jan. 1, 1981; Laws 1981, c. 343, § 3, emerg. eff. June 30, 1981; Laws 1982, c. 119, § 2; Laws 1982, c. 227, § 2, emerg. eff. May 4, 1982; Laws 1988, c. 321, § 16, operative July 1, 1988; Laws 2000, c. 287, § 6, eff. July 1, 2000; Laws 2012, c. 53, § 2, emerg. eff. April 16, 2012.
11 OK Stat § 11-50-107 (2021)
2021 Oklahoma Statutes|Title 11. Cities and Towns|§11-50-107. Custody and disbursement of pension funds - Refund for overpayment.

|A. All monies provided for the Fund of the System by this article, or by appropriation by any municipality, or by contribution from members, shall be paid over to and received by the State Board for the use and benefit of the System to be disbursed and handled as provided in this article. |B. Should any error in any records of the Oklahoma Police Pension and Retirement System result in any payee receiving more or less than the payee would have been entitled had the records been correct, the State Board shall correct such error and shall pay any underpayments or recover any overpayments. An error does not include a member's failure to submit required documents, including proof of military service, prior to the effective date of retirement, which date includes the member's entry into the Oklahoma Police Deferred Option Plan. If a member submits documents after the effective date of retirement, no adjustment in retirement benefits shall be made.C. Should more than the amount of a participating municipality or member contributions be paid to the System by a participating municipality through a mistake of fact, the System shall refund the amounts paid to the participating municipality within one year after the date on which the mistaken contribution was made. The System shall not pay the participating municipality earnings attributable to such contribution but shall reduce the amount returned to the participating municipality pursuant to this subsection by the amount of losses attributable to such contribution.Added by Laws 1977, c. 256, § 50-107, eff. July 1, 1978. Amended by Laws 1980, c. 356, § 12, eff. Jan. 1, 1981; Laws 2003, c. 51, § 6, eff. July 1, 2003; Laws 2006, 2nd Ex.Sess., c. 46, § 16, eff. July 1, 2006; Laws 2014, c. 44, § 1, emerg. eff. April 15, 2014.
11 OK Stat § 11-50-109 (2021)
2021 Oklahoma Statutes|Title 11. Cities and Towns|§11-50-109. Appropriation of percentage of annual salary of member of System.

|Any municipality participating in the System shall appropriate funds, for the use and benefit of the System, as provided in the following schedule: |1. Prior to July 1, 1991, a minimum of ten percent (10%) of the actual paid base salary of each member of the System employed by the municipality;2. Beginning July 1, 1991, a minimum of ten and one-half percent (10 1/2%) of the actual paid base salary of each member of the System employed by the municipality;3. Beginning July 1, 1992, a minimum of eleven percent (11%) of the actual paid base salary of each member of the System employed by the municipality;4. Beginning July 1, 1993, a minimum of eleven and one-half percent (11 1/2%) of the actual paid base salary of each member of the System employed by the municipality;5. Beginning July 1, 1994, a minimum of twelve percent (12%) of the actual paid base salary of each member of the System employed by the municipality;6. Beginning July 1, 1995, a minimum of twelve and one-half percent (12 1/2%) of the actual paid base salary of each member of the System employed by the municipality; and7. Beginning July 1, 1996, a minimum of thirteen percent (13%) of the actual paid base salary of each member of the System employed by the municipality.The sum appropriated shall be paid to the System within ten (10) days following the payroll period on which the contribution is based.The state shall make such appropriation as is necessary to assure the retirement benefits provided by the article.Laws 1977, c. 256, § 50-109, eff. July 1, 1978; Laws 1980, c. 356, § 14, eff. Jan. 1, 1981. Amended by Laws 1990, c. 340, § 7, eff. July 1, 1990.