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§47-2-305.5.


§47-2-305.5.
   
   A. Except as provided by subsection B of this section, the Oklahoma
   Law Enforcement Retirement System shall pay to its retirees, who
   retire not later than June 30, 1997, or their beneficiaries, from
   assets of the retirement system, an additional amount, for the fiscal
   year ending June 30, 1998, based upon the number of years of credited
   service upon which the retirement benefit of the member was computed
   as follows:
   
   1. One Hundred Fifty Dollars ($150.00) for at least ten (10), but no
   more than fourteen (14) years of service;
   
   2. Three Hundred Dollars ($300.00) for at least fifteen (15), but no
   more than nineteen (19) years of service;
   
   3. Four Hundred Fifty Dollars ($450.00) for at least twenty (20), but
   no more than twenty-four (24) years of service; and
   
   4. Six Hundred Dollars ($600.00) for twenty-five (25) or more years of
   service.
   
   B. The Oklahoma Law Enforcement Retirement System shall pay to
   retirees, who retire not later than June 30, 1997, with a disability
   retirement benefit and having less than ten (10) years of service, the
   sum of One Hundred Fifty Dollars ($150.00).
   
   C. For purposes of subsection A or B of this section, months of
   credited service in excess of a whole number of years shall be
   disregarded for purposes of determining the applicable payment amount.
   
   D. The payment authorized by this section shall be distributed not
   later than August 1, 1997.
   
   E. The payment authorized by this section shall not be a recurring
   benefit and shall only be made for the fiscal year ending June 30,
   1998, and for no other fiscal year.
   
   F. If a retiree has multiple beneficiaries, the amount prescribed by
   subsection A of this section shall be divided equally among the
   beneficiaries on a per capita basis.
   

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