Oklahoma Capitol update: Senate Bill 111

Oklahoma Capitol update: Senate Bill 111
Published: March 29, 2013
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Capitol update

Pensions

At stake: Senate Bill 111 would establish a revolving fund for the state's pension systems. Legislators eventually could appropriate money into the revolving fund, to be used for a cost-of-living increase for a specific pension system or to reduce some of the pension systems' unfunded liability. Lawmakers passed a law two years ago that requires any cost-of-living increase for a pension retirement system to be funded up front.

What happened: Passed the House 86-7

What's next: Goes back to the Senate

MICHAEL MCNUTT, CAPITOL BUREAU