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OK HB2315
Bill
Status
2/6/2012
Primary Sponsor
Ann Coody
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AI Summary
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Amends 70 O.S. 2011, Section 17-106 to add a nonvoting member to the Teachers' Retirement System Board of Trustees appointed by a statewide organization representing retired educators with at least 7,500 members.
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Modifies Board of Trustees composition by allowing designated retired educator organization to appoint one nonvoting member while maintaining existing voting member structure.
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Changes reference from "the act" to specific statutory citation "Section 17-101 et seq. of this title" in the Board's governing authority language.
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Becomes effective July 1, 2012, with emergency clause allowing immediate implementation upon passage and approval.
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Classified as nonfiscal retirement bill under the Oklahoma Pension Legislation Actuarial Analysis Act.
Legislative Description
Public retirement systems; Teachers' Retirement System of Oklahoma; Board of Trustees; membership; effective date; emergency.
Retirement
Last Action
Second Reading referred to Economic Development, Tourism and Financial Services
2/7/2012