SB1101 Summary

• Amends 70 O.S. Section 17-106 to add a new nonvoting member to the Board of Trustees of the Teachers' Retirement System of Oklahoma appointed by a statewide organization representing retired educators with at least 7,500 members.

• The appointed organization representative serves as a nonvoting member, meaning they participate in board proceedings but cannot vote on board decisions.

• Effective date is July 1, 2012, with an emergency clause allowing immediate implementation upon passage and approval.