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OK SB834
Bill
Status
5/4/2015
Primary Sponsor
Kyle Loveless
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AI Summary
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Removes authorization for state agencies to make voluntary payroll deductions to credit unions, banks, or savings associations, eliminating this option for state employees.
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Maintains payroll deduction provisions for counties, municipalities, and school districts that allow deductions to any credit union, bank, or savings association with minimum 20% employee participation.
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Preserves existing payroll deduction options for state employees including insurance premiums, retirement plans, flexible benefits, association membership dues, college savings accounts, and other specified programs.
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Becomes effective November 1, 2015.
Legislative Description
Payroll deductions; removing authorization for deductions to certain financial institutions. Effective date.
Last Action
Second Reading referred to General Government
5/6/2015