Bill
Bill > HB1358
summary
Introduced
02/04/2019
02/04/2019
In Committee
02/05/2019
02/05/2019
Crossed Over
Passed
Dead
05/29/2020
05/29/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act relating to public retirement systems; authorizing benefit increase for certain retired members of the Oklahoma Police Pension and Retirement System; providing for offset; authorizing retirement benefit increase for certain retired members of the Oklahoma Public Employees Retirement System; providing for codification; and providing an effective date.
AI Summary
This bill authorizes a 4% increase in retirement benefits for certain members 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 provides for an offset to the benefit increase for any increase in benefits a person is eligible to receive under a repealed section of the law. 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)
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=hb1358&Session=2000 |
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