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OK SB2159
Bill
Status
Introduced
2/1/2010
Primary Sponsor
Harry Coates
Click for details
AI Summary
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Increases the death benefit for annuitants (retirees) of the Teachers' Retirement System of Oklahoma from $5,000 to $7,500.
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Increases the probate waiver threshold amount from $5,000 to $7,500 for death claims when no living beneficiary is designated.
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Death benefits apply to both in-service member deaths and annuitant deaths, with the $7,500 amount now covering both scenarios.
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Effective date is July 1, 2010, with emergency declaration for immediate implementation.
Legislative Description
Teachers' Retirement System of Oklahoma; modifying amount of death benefit. Effective date. Emergency.
Retirement
Last Action
Second Reading referred to Retirement and Insurance
2/2/2010
Committee Referrals
Retirement and Insurance2/2/2010
Full Bill Text
No bill text available