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OK HB1006

Bill

Official Source

Status

Introduced

2/7/2011

Primary Sponsor

Randy McDaniel

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Enacts the "Truth-in-Funding Act" relating to public retirement systems in Oklahoma.

  • Designates the bill as a nonfiscal retirement bill under the Oklahoma Pension Legislation Actuarial Analysis Act.

  • Bill text is not codified in the Oklahoma Statutes.

  • Effective date is July 1, 2011.

  • Declares an emergency to make the act effective immediately upon passage and approval.

Legislative Description

Public retirement systems; enacting the Pension Financial Responsibility Act; prohibiting legislatively authorized cost-of-living adjustments; codification; noncodification; effective date; emergency.

Retirement

Last Action

Authored by Senator Mazzei (principal Senate author)

2/17/2011

Committee Referrals

Economic Development, Tourism and Financial Services2/8/2011

Full Bill Text

No bill text available