SECTION 590:10-15-7. Limited benefit amount

Latest version.

The Limited Benefit shall be paid in an amount not to exceed $200 per month. The Limited Benefit shall not be subject to cost-of-living adjustments or other similar benefit increases. It shall be payable monthly so long as Limited Eligible Member is receiving a Regular Retirement Benefit until the Limited Eligible Member has received the Maximum Limited Benefit amount. As a result, the final Limited Benefit may be in an amount less than $200.

[Source: Added at 18 Ok Reg 548, eff 12-28-00 through 7-14-01 (emergency); Added at 18 Ok Reg 3258, eff 7-26-01]

                    
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