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OK SJR61

Joint Resolution

Status

Introduced

2/6/2012

Primary Sponsor

John Sparks

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Proposes adding a new Section 17 to Article XXIII of the Oklahoma Constitution regarding pension funding requirements.

  • 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.

  • Directs the Secretary of State to place the proposed constitutional amendment on the ballot for voter approval.

  • 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

Committee Referrals

Retirement and Insurance2/8/2012

Full Bill Text

No bill text available