Bill
Bill > SB1009
summary
Introduced
02/04/2019
02/04/2019
In Committee
02/18/2019
02/18/2019
Crossed Over
Passed
Dead
05/29/2020
05/29/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act relating to police pension; amending 11 O.S. 2011, Sections 50-111.3 and 50-114, which relate to deferred option plans and death of a member; authorizing designation of beneficiary of plan; designating certain person as beneficiary in certain circumstances; authorizing successor in interest as beneficiary in certain circumstances; and updating statutory language.
AI Summary
This bill amends the Oklahoma Police Pension and Retirement System law to authorize the designation of a beneficiary for the pension plan, including a successor in interest, and update language related to the distribution of benefits upon the death of a retired member or beneficiary. It also includes technical corrections to align the law with IRS requirements for minimum distribution of retirement benefits.
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=2000 |
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