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OK HB2486
OK HB2486Public retirement systems; Oklahoma Pension Systems Benefit Adjustment Act of 2019; effective date.
summary
Introduced
02/04/2019
02/04/2019
In Committee
02/05/2019
02/05/2019
Crossed Over
Passed
Dead
05/23/2019
05/23/2019
Introduced Session
2019 Regular Session
Bill Summary
Public retirement systems; Oklahoma Pension Systems Benefit Adjustment Act of 2019; effective date.
AI Summary
This bill, known as the "Oklahoma Pension Systems Benefit Adjustment Act of 2019", provides a legal framework for adjusting public retirement system benefits in Oklahoma. It specifies that the act will become effective on November 1, 2019. Additionally, the bill is noted as a "shell bill" that does not increase benefits, as confirmed by an actuarial analysis. The purpose of this legislation is to establish the necessary legal authority to make future adjustments to public pension benefits in the state of Oklahoma.
Sponsors (1)
Last Action
Second Reading referred to Rules (on 02/05/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2486&Session=1900 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20INT/hB/HB2486%20INT.PDF |
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