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OK SB66
Bill
Status
2/2/2015
Primary Sponsor
Patrick Anderson
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AI Summary
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Increases the post-retirement earnings limit for retired Teachers Retirement System members under age 62 from $15,000 to $30,000 annually when performing classified or nonclassified personnel duties in Oklahoma public schools
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Retains the $30,000 earnings limit for retired members age 62 and older, with the limit capped at one-half of the member's final average salary used in computing retirement benefits
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Exempts public school districts from making retirement system contributions for retired members whose compensation is paid from federal funds
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Effective date of November 1, 2015
Legislative Description
Teachers Retirement System; modifying earnings limit for certain retired members. Effective date.
Last Action
Second Reading referred to Pensions
2/3/2015