Public retirement systems; Oklahoma Pension Actuarial Analysis Act; term; Oklahoma Law Enforcement Retirement System; participation; employees; agency; codification; effective dates.
What changed between versions
Added provisions allowing certain new employees of certain agencies to participate in the Oklahoma Law Enforcement Retirement System
Added authorization for certain members to make elections to participate in the Oklahoma Law Enforcement Retirement System
Added provisions for purchasing certain amounts of service credit at actuarial cost
Added provisions directing the Oklahoma Public Employees Retirement System to transfer credited service upon request
Added provision that members shall forfeit all rights with respect to certain credited service
Reorganized and expanded the definition of 'Member' to include additional categories of law enforcement personnel and clarify eligibility criteria
Added new categories for park rangers, pharmacy inspectors, and attorney general/military/fire marshal agents to the member definition
Added provisions clarifying that leased employees and independent contractors are not members of the system
Updated bill tracking numbers and committee substitute identifiers from POLPCS1 to POLPCS2