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OK SB1103

Bill

Official Source

Status

Engrossed

3/5/2013

Primary Sponsor

Michael Mazzei

Click for details

Origin

Senate

2014 Regular Session

AI Summary

Senate Bill 1103 Summary

  • Amends 70 O.S. Section 17-116.2 to exclude compensation for clinical-related activity performed in the University of Oklahoma Health Sciences Center (OUHSC) Professional Practice Plan from the definition of "regular annual compensation" for Teachers' Retirement System purposes.

  • Clarifies that OUHSC clinical compensation shall not be counted toward retirement benefit calculations or service credit accumulation for system members.

  • Effective date of November 1, 2013 for the amendments to compensation definitions.

Legislative Description

Teachers' Retirement System; modifying definition of certain compensation. Effective date.

Retirement

Last Action

CCR read, GCCA

5/22/2013

Committee Referrals

Economic Development and Financial Services3/14/2013
Pensions2/5/2013

Full Bill Text

No bill text available