OK SB1350

Amends the Oklahoma Pension Legislation Actuarial Analysis Act by updating the reference date for cost-of-living adjustment actuarial assumptions from December 31, 2006 to December 31, 2009

Requires that any cost-of-living adjustment must be in the same amount for each retirement system subject to the Act's provisions

Affects six retirement systems: Teachers' Retirement System, Oklahoma Public Employees Retirement System, Uniform Retirement System for Justices and Judges, Oklahoma Firefighters Pension and Retirement System, Oklahoma Police Pension and Retirement System, and Oklahoma Law Enforcement Retirement System

Maintains the existing two percent (2%) annual cumulative cap on cost-of-living adjustments for retirement systems created on or after January 1, 2006

Declared an emergency measure, taking effect immediately upon passage and approval