SECTION 715:10-15-23. Special $150 per month plan; application; effective date

(a)   A former teacher, who taught a minimum of ten (10) years in the public schools of Oklahoma prior to July 1, 1943 shall receive a monthly pension of One Hundred Fifty Dollars ($150.00). A teacher who taught in the public schools of Oklahoma one (1) year prior to 1934 and thereafter taught a minimum of ten (10) years, or who taught a minimum of thirty (30) years in the public schools of Oklahoma and reached the age of seventy (70) years of age prior to July 1, 1984, shall be eligible for a monthly pension of One Hundred Fifty Dollars ($150.00). The former teacher must not be otherwise eligible to receive any benefit from TRS to be eligible for this monthly pension.

(b)   Anyone who qualifies may apply for the $150 per month pension by providing verification of the service performed by the member and completing a final contract for retirement. The necessary verification may be obtained from the Teacher Personnel Section, State Department of Education, records from the schools, the county superintendents or the county treasurers where the school districts are located. The applicant's signature on the final contract must be notarized.

(c)   The effective date of retirement shall be the first of the month after all required documentation is received in the Teachers' Retirement office, Oklahoma City, Oklahoma. No payments shall be made retroactive.