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OK HB1678
Bill
Status
2/4/2013
Primary Sponsor
Gus Blackwell
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AI Summary
HB 1678 Summary
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Repeals 70 O.S. 2011, Section 17-116.10, which previously imposed limitations on post-retirement earnings for Teachers' Retirement System (OTRS) retirees
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Allows retired teachers to return to work with a participating employer and continue receiving retirement benefits without earnings restrictions
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Becomes effective July 1, 2013
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Declares an emergency to take effect upon passage and approval, rather than waiting for the normal effective date
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Identified as a retirement bill with fiscal impact under the Oklahoma Pension Legislation Actuarial Analysis Act
Legislative Description
Public retirement systems; Teachers’ Retirement System of Oklahoma; postretirement earnings limitation; effective date; emergency.
Retirement
Last Action
Second Reading referred to Rules
2/6/2013