Oklahoma Capitol update: Senate Bill 111

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

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


Trending Now


AROUND THE WEB

  1. 1
    High school football: Sperry rallies for win week after lineman dies
  2. 2
    New video shows beheading of British aid worker David Haines by Islamic State group
  3. 3
    OU football: Jordan Phillips breaks out 'Shmoney dance' after sack against Tennessee
  4. 4
    VIDEO: Oklahoma State WR Brandon Sheperd catches 18-yard touchdown from Daxx Garman
  5. 5
    OSU football: J.W. Walsh watches first quarter of OSU-UTSA from the top of Boone Pickens Stadium
+ show more