Oklahoma state Capitol updates for May 30

Oklahoma state Capitol updates for May 30
Published: May 30, 2012
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BILL UPDATES

Agency consolidation

At stake: House Bill 3053 adds the Merit Protection Commission to the state finance office. It also gives the state finance office a new name — the Office of Management and Enterprise Services. The bill also consolidates the Oklahoma State and Education Employees Group Insurance Board and the Employment Benefits Council Board into the newly created Oklahoma Employees Insurance and Benefits Board, which will be housed in the Office of Management and Enterprise Services.

What happened: Signed by the governor.

What's next: Takes effect Nov. 1.

State pension system

At stake: Senate Bill 1001 increases the state contributions to the Oklahoma Law Enforcement Retirement Systems plan by 1 percentage point. State agencies must contribute to the Law Enforcement Retirement System 11 percent of the base salary of each member; this is an increase from 10 percent. Also, members joining on or after Nov. 1 may no longer use the salary of an active member in a comparable position rather than the final salary of the member when calculating retirement benefits.

What happened: Signed by the governor.

What's next: Takes effect Nov. 1.


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