Oklahoma City, Oklahoma 73105
For Immediate Release: November 30, 2010
Sen. Anderson to Hold Interim Study on Pension Reform
Sen. Patrick Anderson will hold an interim study on
reforming the state pension systems on Thursday, December 2, 2010
at 10:00 a.m. in Room 511-A of the State Capitol. The executive
directors of the various state pension systems will be presenting
reports on the current financial status of their respective systems.
“Last year I led the fight for education reform in the Senate
and authored the landmark school reform legislation known as the
Lindsey Nicole Henry Scholarships for special needs students. This
coming year I intend to continue my efforts to reform the way Oklahoma
does business by setting my sights on reforming the state pension
systems” said Anderson, R-Enid.
“I have served for the past six years as the Vice Chairman
of the Appropriations Subcommittee for Health and Human Services
and have seen how state agency budgets are being devastated by ever
increasing retirement costs. The more funds an agency has to devote
to retirement costs results in fewer funds being available to be
spent on roads, bridges, public safety and health,” Anderson
State Treasurer Scott Meacham recently pointed out the unfunded
liability of these pension systems exceeds three times the entire
budget for the State of Oklahoma.
“Because of this fact,” Anderson stated, “we
must address this issue and change the retirement systems or it
will bankrupt the State of Oklahoma.”
Anderson will be joining House Speaker Kris Steele and Rep. Randy
McDaniel in their efforts to address pension reform in the coming
“Speaker Steele has already announced that pension reform
is a priority issue for the House and I look forward to working
with him and Representative McDaniel on this critical legislation,”
McDaniel, R-Oklahoma City, has been designated to lead the pension
reform effort in the House of Representatives.
“The unfunded status of our retirement systems requires action.
This problem has reached a point that we must address in order to
protect the financial future of the State of Oklahoma,” McDaniel
For more information contact:
Sen. Anderson: (405) 521-5630