OK HB2839

Amends the Oklahoma Pension Legislation Actuarial Analysis Act (62 O.S. 2011, Section 3103) to modify the definition of "nonfiscal retirement bill"

Allows cost-of-living adjustments, stipends, and other benefit increases to qualify as nonfiscal retirement bills if the retirement system maintains at least 90% funded ratio after payment

Defines "funded ratio" as the actuarial value of assets divided by the actuarial accrued liability of the retirement system

Removes the previous exception language that referenced benefit increases under subparagraph (a) when determining normal cost impacts

Declared an emergency measure, taking effect immediately upon passage and approval