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OK HB1052

Bill

Status

Passed

5/12/2015

Primary Sponsor

Clark Jolley

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Amends 74 O.S. 2011, Section 941 to modify the Oklahoma State Pension Commission's composition and member qualifications

  • Makes the Senate-appointed member and House-appointed member nonvoting members who serve at the pleasure of their appointing authorities

  • Requires the Governor-appointed banking/financial services member to have at least 10 years of demonstrated experience in the banking financial services industry

  • 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

  • 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

Committee Referrals

Pensions3/5/2015
Business, Labor, and Retirement Laws2/3/2015

Full Bill Text

No bill text available