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OK HB3008

Bill

Official Source

Status

Introduced

2/6/2012

Primary Sponsor

Randy Terrill

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Increases the monthly state employee contribution to the Oklahoma State Employees Deferred Savings Incentive Plan from $25 to $50, effective July 1, 2012
  • Modifies the "qualified participant" definition to require a minimum monthly deferral of $50 (increased from $25) into the Oklahoma State Employees Deferred Compensation Plan
  • Changes the effective date for increased contributions from July 1, 2000 to July 1, 2012
  • Updates references to contribution limits for public officials' terms of office from July 1, 1997 to July 1, 2012
  • Declares the act an emergency measure to take effect immediately upon passage and approval

Legislative Description

State government; Deferred Savings Incentive Plan; contribution amounts; effective date; emergency.

State Employees

Last Action

Title stricken

2/16/2012

Committee Referrals

Appropriations and Budget2/7/2012

Full Bill Text

No bill text available