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OK SB1710
Bill
AI Summary
SB 1710 Summary
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Allows eligible retired public safety officers to elect direct payments toward qualified health insurance premiums from monthly disability or retirement benefits, with annual exclusion capped at $3,000.
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Defines "public safety officer" to include law enforcement officers, firefighters, chaplains, and members of rescue squads or ambulance crews.
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Establishes that qualified health insurance premiums include coverage for the retiree, spouse, and dependents under accident/health insurance plans or long-term care contracts.
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Updates Section 2-305.4 regarding benefit limitations and prohibits decreases in age-adjusted dollar limits for certain reasons, effective January 1, 2014.
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Removes requirement for the Board to submit private letter ruling requests regarding death benefits, striking language that previously required IRS approval for death benefit tax treatment.
Legislative Description
Oklahoma Law Enforcement Retirement System; updating references to Internal Revenue Code. Emergency.
Motor Vehicles and Transportation
Last Action
Approved by Governor 04/09/2014
4/9/2014