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Retirement board approves $1,000 one-time stipend for eligible retirees
Summary
The Oklahoma County retirement board approved a one-time defined-benefit stipend of $1,000 per eligible participant to be paid in June 2025, affecting 76 participants and increasing the payout by $7,600 from last year’s $900 level.
The Oklahoma County Retirement Board approved a one-time defined-benefit stipend of $1,000 per eligible participant to be paid with June 2025 checks, the board decided at its meeting.
Board discussion and staff remarks showed the stipend is an annual, one-time payment. “The 900 figure is the same as last year, and there's 76 participants that it would end up being $68,400, and it'll be on their check in June,” said Butch, a staff member, describing last year’s calculation. After a motion and a second to raise the payment to $1,000, a board member noted the $100 increase would add $7,600 to the total. The motion to approve the $1,000 stipend passed by voice vote.
The stipend has varied over recent years, with speakers noting prior amounts of $500, $700 and an $800 level that was skipped in a past year. Board members asked whether the payroll system could handle the increase; staff indicated there would be no technical barrier. The board did not attach conditions to the payment and directed staff to process the stipend on the June payroll cycle.
The action affects 76 eligible participants; last-year totals and the add-on calculation were discussed on the record. No statute, ordinance or external funding source was cited during the discussion.
