HB2501 Summary

• Amends 62 O.S. 2011, Section 3107 regarding the Oklahoma Pension Legislation Actuarial Analysis Act to modify procedures for considering retirement bills with fiscal impact.

• Changes the voting threshold for emergency consideration of retirement bills from three-fourths (3/4) to two-thirds (2/3) of committee membership in both chambers.

• Requires approval from two-thirds (2/3) of the standing or special committee in the chamber of origin and two-thirds (2/3) of the standing or special committee in the opposite chamber to consider emergency retirement measures, rather than requiring approval from each full House.

• Expands who may vote on emergency retirement measures to include any Legislature member authorized to cast votes during committee proceedings under chamber or joint rules.

• Declares an emergency effective upon passage and approval.