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OK SB307

Bill

Official Source

Status

Introduced

2/2/2015

Primary Sponsor

John Sparks

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Exempts classified employees of the Oklahoma Department of Corrections from the mandatory defined contribution retirement system established November 1, 2015
  • Classified employees are those subject to the Merit System of Personnel Administration under Section 840-5.11 of Title 74
  • These exempted corrections employees would remain eligible for the traditional Oklahoma Public Employees Retirement System (OPERS) defined benefit plan
  • Effective date: November 1, 2015

Legislative Description

Retirement; OPERS; exempting certain employees from mandatory defined contribution plan. Effective date.

Last Action

Second Reading referred to Pensions

2/3/2015

Committee Referrals

Pensions2/3/2015

Full Bill Text

No bill text available