Oklahoma Administrative Code
Title 590 - Oklahoma Public Employees Retirement System
Chapter 10 - Public Employees Retirement System
Subchapter 19 - Medicare Gap Benefit Option
Section 590:10-19-12 - Calculation of Cost-of-Living Adjustments

Unless otherwise specified by law, any cost-of-living adjustments to a member's Medicare Gap Benefit shall be calculated based upon the benefit the member is actually receiving at the time of the adjustment. Upon becoming Medicare-eligible, the Post Medicare benefit amounts shall be adjusted to receive the appropriate percentage equivalent of the cost-of-living adjustments granted during the Pre-Medicare Benefit payment period.

Added at 22 Ok Reg 1354, eff 5-26-05