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SB 179
(Monson/Ervin): Allows members of the Oklahoma Public
Employees Retirement System who are terminated due to a
reduction in force to purchase termination
credit.
SB 180
(Monson/Roberts): Adds an additional period for a hospital
to withdraw from the Oklahoma Public Employees Retirement
System (OPERS). It also limits eligible hospitals to those
who have met their obligations to OPERS. This bill further
mandates new employees of the Oklahoma Housing Finance
Agency (OHFA) to become members of OPERS. Currently OHFA
employees are not members of OPERS. This bill will allow
current members several election options concerning whether
to join OPERS or to remain on the current plan.
SB 181
(Monson/Roberts): Decreases the number of years, from ten
(10) to seven (7), of service with a school district that a
public school employee must have before being eligible for
additional retirement allowances or compensation.
SB 186
(Monson/Roberts): Would allow certain members of the
Oklahoma Police Pension and Retirement System to purchase
service credit necessary to vest in the System when service
is terminated in good standing within one month of vesting.
(Pending in the Legislature)
SB 189
(Monson/Roberts): Allows the payment of any deferred option
account balances of a Oklahoma Firefighters Pension and
Retirement System member to be paid to a designated
recipient upon death of the member. Currently the law only
allows for the balance to be paid to the estate of the
deceased when there is no beneficiary. This bill also
changes the way in which appeals from the Board are
made.
SB 231
(Helton/Glover): Extends disability periods for firefighters
that receive burn injuries in the course of duty. It also
allows the municipality to extend the disability period
above the minimum period.
SB 354
(Stipe/Dunegan): Allows a retiree to continue life insurance
coverage above the three-fourths (3/4) of the basic amount
after retirement. The retiree will, however, have to pay the
actuarially adjusted rate for such coverage.
SB 363
(Weedn/Roberts): Allows for a spouse beneficiary of an
Oklahoma Public Employees Retirement System member to elect
to receive a reduced retirement benefit of the member rather
than one-half of the retirement benefit of the member to be
paid to the spouse upon the death of the member.
SB 472
(Henry/Kinnamon): Allows justices, judges and surviving
spouses to elect to recalculate their basic retirement
benefit based on the average salary of the last three years
of service of such justice or judge multiplied by the number
of years of service and multiplied by four (4.0%) percent.
This bill further deletes the provision for court clerks to
make a flat ten (10.0%) percent payment of court fund money
to the State Judicial Retirement Fund. All court fund money
will go to the State Judicial Fund and from the State
Judicial Fund money will be disbursed to the State Judicial
Retirement Fund pursuant to a schedule.
SB 473
(Milacek/Reese): Increases the maximum annual amount that
can be earned by a retired member of the Teachers'
Retirement System of Oklahoma re employed with a public
school of Oklahoma from Ten Thousand Dollars ($10,000.00) to
Fifteen Thousand Dollars ($15,000.00).
SB 534
(Rozell/Culver): Allows the purchase of service credit by a
state employee for the time the employee was absent on
temporary total disability. This bill further allows for re
employed retirants to receive their employee contributions
if they terminate employment within three years of re
employment.
SB 660
(Monson/Roberts: Exempts certain flexible benefits plan
contracts and awards of those contracts from the
requirements of the Central Purchasing Act. This bill
further allows the Oklahoma State Employees Benefits Council
to establish rules relating to bidding and awarding of
contracts.
HB 1088
(Roberts/Ostrander): Allows the inclusion of wartime
military service credit in an Oklahoma Firefighters Pension
and Retirement System member's retirement benefit
calculation.
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