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OK SJR65
Joint Resolution
AI Summary
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Proposes amendment to Oklahoma Constitution by adding new Section 13 to Article XXIII regarding the Oklahoma Public Employees Retirement System (OPERS)
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Requires OPERS to achieve and maintain a funded ratio of at least 90% as certified by the Board of Trustees through annual actuarial valuation by July 1, 2045
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Directs Secretary of State to refer the proposed constitutional amendment to voters for approval or rejection in accordance with state law
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Includes ballot title and gist of proposition for voters describing the measure as requiring OPERS to meet specific funding requirements by a set date
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Requires President Pro Tempore of Senate to file copies with Secretary of State and Attorney General immediately after passage
Legislative Description
Constitutional Amendment; requiring the Oklahoma Public Employees Retirement System to have certain funded ratio.
Retirement
Last Action
Second Reading referred to Retirement and Insurance
2/8/2012