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OK SJR60
Joint Resolution
AI Summary
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Directs the Secretary of State to submit to Oklahoma voters a proposed amendment to the Oklahoma Constitution adding new Section 18 to Article XXIII.
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The amendment requires the Oklahoma Police Pension and Retirement System to maintain a funded ratio of at least 90 percent by July 1, 2045, as certified by the Board of Trustees' annual actuarial valuation.
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Provides the ballot title and text for voter approval of the constitutional amendment.
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Requires the President Pro Tempore of the Senate to file copies of the resolution with the Secretary of State and Attorney General immediately after passage.
Legislative Description
Constitutional Amendment; requiring the Police Pension and Retirement System to have certain funded ratio.
Retirement
Last Action
Second Reading referred to Retirement and Insurance
2/8/2012