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OK HB1052
Bill
Status
5/12/2015
Primary Sponsor
Clark Jolley
Click for details
AI Summary
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Amends 74 O.S. 2011, Section 941 to modify the Oklahoma State Pension Commission's composition and member qualifications
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Makes the Senate-appointed member and House-appointed member nonvoting members who serve at the pleasure of their appointing authorities
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Requires the Governor-appointed banking/financial services member to have at least 10 years of demonstrated experience in the banking financial services industry
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Requires the Governor-appointed pension/retirement planning member to have at least 10 years of experience in professional pension retirement planning with demonstrated experience in defined benefit retirement plan designs
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Maintains the Commission's seven-member structure with three ex-officio voting members (State Auditor and Inspector, Director of Office of Management and Enterprise Services, and State Treasurer)
Legislative Description
Oklahoma State Pension Commission; membership; voting.
Government
Last Action
Approved by Governor 05/12/2015
5/12/2015