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OK SJR19
Joint Resolution
Status
2/7/2011
Primary Sponsor
Scott Martin
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AI Summary
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Proposes adding Section 16 to Article XXIII of the Oklahoma Constitution to establish a funded ratio requirement for the Uniform Retirement System for Justices and Judges
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Requires the system to achieve and maintain a funded ratio of at least 90% as certified by the Board of Trustees through annual actuarial valuation
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Sets a deadline of July 1, 2045 for achieving the 90% funded ratio requirement
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Directs the Secretary of State to refer the proposed constitutional amendment to voters for approval or rejection
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Requires the President Pro Tempore of the Senate to file the resolution with the Secretary of State and Attorney General immediately after passage
Legislative Description
Constitutional Amendment; requiring the Uniform Retirement System for Justices and Judges to have certain funded ratio.
Retirement
Last Action
Second Reading referred to Retirement and Insurance
2/14/2011