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Bill > HB1358


OK HB1358

OK HB1358
Public retirement systems; cost-of-living adjustments; effective date.


summary

Introduced
02/04/2019
In Committee
02/05/2019
Crossed Over
Passed
Dead
05/23/2019

Introduced Session

2019 Regular Session

Bill Summary

Public retirement systems; cost-of-living adjustments; effective date.

AI Summary

This bill proposes to provide a 4% increase in benefits for retirees of the Oklahoma Police Pension and Retirement System and the Oklahoma Public Employees Retirement System who were receiving benefits as of November 30, 2018 and continue to receive benefits on or after November 1, 2019. The bill also specifies that any increases in benefits a person is eligible to receive under a repealed section of the law will be offset by the increase provided in this bill. The bill will become effective on November 1, 2019.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Second Reading referred to Banking, Financial Services and Pensions (on 02/05/2019)

bill text


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