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OK SB1948
Bill
AI Summary
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Amends statutes governing the Teachers' Retirement System (OTRS) and Oklahoma Public Employees Retirement System (OPERS) board compositions.
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Requires that when state officials serve as board designees, those designees must be full-time employees of the respective agencies (Department of Education, Office of State Finance, Office of Personnel Management, or Oklahoma Department of Insurance).
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Applies to designees for the Superintendent of Public Instruction, Director of State Finance, and other state official positions on the retirement system boards.
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Takes effect July 1, 2012, with an emergency clause for immediate implementation.
Legislative Description
Retirement; requiring the designee of an OTRS and OPERS board member to be a full time employee of the agency of the board member. Effective date. Emergency.
Retirement
Last Action
Second Reading referred to Retirement and Insurance
2/8/2012