OK HB1474

Amends Oklahoma statute to allow employees to receive more than one voluntary out benefit if their position is being abolished due to reorganization and a reduction-in-force is imminent.

Employees must have one year or more of continuous state service and be voluntarily separated to qualify for benefits including health insurance premiums for 18 months and longevity payments.

Agencies may offer additional voluntary separation options including up to one week of pay per year of service, lump-sum payments up to $5,000, sick leave conversion at half hourly rate, and COBRA health benefits.

Employees may direct voluntary out benefits toward education vouchers through the Reduction-in-Force Education Voucher Action Fund with matching agency contributions up to $3,000 each, usable for tuition and fees at Oklahoma educational institutions for up to four years.

Effective date: November 1, 2015.