Public Retirement Systems; Cost-Of-Living Increases; Specifying Amount; Comparison Of Benefit Increases; Effective Date; Emergency.

AI Summary

The bill aims to adjust cost-of-living increases in public retirement systems by specifying the amount of the increase and comparing benefit increases. It sets an effective date for these adjustments and designates the bill as an emergency measure. This legislation seeks to regulate how cost-of-living adjustments are determined within public retirement systems, potentially impacting retirees' benefits and financial security.

• 2023-02-06: First Reading

• 2023-02-06: Authored by Representative McCall

• 2023-02-07: Second Reading referred to Rules

• 2023-03-02: Withdrawn from Rules Committee

• 2023-03-02: Referred to Banking, Financial Services and Pensions

• 2023-03-09: Referred to Actuary pursuant to the Oklahoma Pension Legislation Actuarial Analysis Act

• 2024-02-26: Referred to Appropriations and Budget

• 2024-02-27: CR; Do Pass, amended by committee substitute Banking, Financial Services and Pensions Committee

• 2024-02-27: Coauthored by Representative(s) Fugate

• 2024-02-27: Emergency added

• 2024-02-29: CR; Do Pass, amended by committee substitute Appropriations and Budget Committee

• 2024-02-29: Coauthored by Representative(s) Humphrey

• 2024-02-29: Title stricken