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Bill > HB2272
OK HB2272
OK HB2272Retirement; Public Employees Retirement System; benefit computations; deputy sheriffs or county jailers; death benefits; contribution rates; effective date.
summary
Introduced
02/04/2019
02/04/2019
In Committee
02/27/2020
02/27/2020
Crossed Over
03/09/2020
03/09/2020
Passed
05/15/2020
05/15/2020
Dead
Signed/Enacted/Adopted
05/22/2020
05/22/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act relating to public retirement systems; amending 74 O.S. 2011, Sections 902, as last amended by Section 20, Chapter 297, O.S.L. 2016, 915, as last amended by Section 3, Chapter 21, O.S.L. 2018, 916.3, 919.1, as amended by Section 22, Chapter 297, O.S.L. 2016 and 920A (74 O.S. Supp. 2019, Sections 902, 915 and 919.1), which relate to the Oklahoma Public Employees Retirement System; modifying definitions; modifying provisions related to retirement benefit computations with respect to deputy sheriffs or county jailers; modifying provisions related to computation of certain death benefits; providing for applicability of computation to deputy sheriffs and county jailers; modifying provisions related to employee contribution rates; modifying provisions related to combined contribution rates; and providing an effective date. SUBJECT: Public Employees Retirement System
AI Summary
This bill modifies provisions related to the Oklahoma Public Employees Retirement System (OPERS). It changes the benefit computation formula for deputy sheriffs or county jailers, providing a 2.5% multiplier for the first 20 years of service and a 2% multiplier for service in excess of 20 years. The bill also modifies provisions related to computation of certain death benefits, applicability of the 2.5% multiplier to deputy sheriffs and county jailers, and employee contribution rates. Additionally, it increases the total combined contribution rate for counties employing deputy sheriffs or county jailers to 24.5%, with the county contributing 16.5% and the employee contributing 8%.
Committee Categories
Business and Industry
Sponsors (27)
Josh West (R)*,
Rhonda Baker (R),
Micheal Bergstrom (R),
Larry Boggs (R),
Brad Boles (R),
David Bullard (R),
Ty Burns (R),
Scott Fetgatter (R),
Avery Frix (R),
Jim Grego (R),
David Hardin (R),
Brian Hill (R),
Justin Humphrey (R),
Mark Lawson (R),
James Leewright (R),
Kevin McDugle (R),
Matt Meredith (D),
Garry Mize (R),
Casey Murdock (R),
Dustin Roberts (R),
Paul Rosino (R),
Paul Scott (R),
Ron Sharp (R),
David Smith (R),
Johnny Tadlock (R),
Zack Taylor (R),
Collin Walke (D),
Last Action
Approved by Governor 05/21/2020 (on 05/22/2020)
Official Document
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