SJR 64 Summary

• Proposes amendment to Oklahoma Constitution by adding new Section 14 to Article XXIII establishing a funded ratio requirement for the Teachers' Retirement System of Oklahoma

• Requires the Teachers' Retirement System to achieve and maintain a 90% funded ratio as certified by the Board of Trustees' annual actuarial valuation

• Sets deadline of July 1, 2045 for achieving the required 90% funded ratio

• Directs the Secretary of State to refer the proposed amendment to voters for approval or rejection through ballot referendum

• Includes ballot title and directs the President Pro Tempore of the Senate to file the resolution with the Secretary of State and Attorney General