Every county establishing a retirement fund and system under the terms of this act is authorized and directed to provide for the control and management of such system by resolution which in addition to other provisions shall provide for:
1. The qualifications of the persons eligible for retirement benefits;
2. The minimum age for retirement of employees;
3. The limitations of amounts to be paid to persons eligible for retirement benefits;
4. A board of trustees to administer the fund to be selected as provided for in Section 952.1 of this title;
5. The amount of contributions to be made by the county and the amount to be made by the employees; and
6. Such rules, regulations, policies, and procedures as the board of trustees shall determine necessary for the proper regulation of the retirement fund and system.
Such fund and system shall be known as the "Employees' Retirement System of _________ County, Oklahoma", and by such name all of its business shall be transacted, all funds handled and all of its cash and securities and other property held.
Added by Laws 1961, p. 217, § 2. Amended by Laws 1989, c. 124, § 1, eff. July 1, 1989; Laws 2013, c. 281, § 1, eff. Nov. 1, 2013.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.