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OK SJR61
Joint Resolution
AI Summary
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Proposes adding a new Section 17 to Article XXIII of the Oklahoma Constitution regarding pension funding requirements.
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Requires the Oklahoma Firefighters Pension and Retirement System to achieve a funded ratio of at least 90% by July 1, 2045, as certified by the Board of Trustees through annual actuarial valuations.
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Directs the Secretary of State to place the proposed constitutional amendment on the ballot for voter approval.
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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 Oklahoma Firefighters Pension and Retirement System to have certain funded ratio.
Retirement
Last Action
Second Reading referred to Retirement and Insurance
2/8/2012