Bill
Bill > SB1009
summary
Introduced
02/04/2019
02/04/2019
In Committee
02/18/2019
02/18/2019
Crossed Over
Passed
Dead
05/23/2019
05/23/2019
Introduced Session
2019 Regular Session
Bill Summary
Police pension; beneficiary designations and IRS technical corrections.
AI Summary
This bill amends provisions related to the Oklahoma Police Pension and Retirement System. Specifically, it changes the beneficiary designation rules for the Oklahoma Police Deferred Option Plan, allowing participants to designate beneficiaries in writing instead of following the default provisions. The bill also includes technical corrections to align the system's rules with the requirements of the Internal Revenue Code regarding minimum distribution rules.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
Coauthored by Representative Ford (principal House author) (on 02/26/2019)
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=sb1009&Session=1900 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20FLR/SFLR/SB1009%20SFLR.PDF |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20INT/SB/SB1009%20INT.PDF |
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