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OK SJR65

Joint Resolution

Status

Introduced

2/6/2012

Primary Sponsor

John Sparks

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Proposes amendment to Oklahoma Constitution by adding new Section 13 to Article XXIII regarding the Oklahoma Public Employees Retirement System (OPERS)

  • 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

  • Directs Secretary of State to refer the proposed constitutional amendment to voters for approval or rejection in accordance with state law

  • Includes ballot title and gist of proposition for voters describing the measure as requiring OPERS to meet specific funding requirements by a set date

  • 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

Committee Referrals

Retirement and Insurance2/8/2012

Full Bill Text

No bill text available