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OK SB2121

Bill

Official Source

Status

Engrossed

3/6/2014

Primary Sponsor

Patrick Anderson

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Origin

Senate

2014 Regular Session

AI Summary

  • Establishes that retirement allowances and benefits under the Teachers' Retirement System are the exclusive obligation of the State of Oklahoma
  • Clarifies that compliance with Governmental Accounting Standards Board (GASB) accounting guidelines shall not impose any unfunded liability obligations on individual school districts
  • Amends 70 O.S. 2011, Section 17-102 regarding the Teachers' Retirement System of Oklahoma
  • Effective date: November 1, 2014

Legislative Description

Teacher's Retirement System; modifying earnings limit for certain retired members; specifying State has exclusive obligation to provide retirement benefits under system. Effective date.

State Employees

Last Action

Enacting clause restored

5/21/2014

Committee Referrals

Economic Development and Financial Services3/13/2014
Pensions2/4/2014

Full Bill Text

No bill text available