SB 172
Retirement; allowing oversight boards of state retirement systems to approve cost-of-living adjustments under certain circumstances.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill would give Oklahoma’s state retirement system oversight boards the authority to approve cost-of-living adjustments (COLAs) for retirees. Currently, these adjustments are typically determined by the Retirement Services Department. The bill aims to provide more flexibility and potentially responsiveness to changing economic conditions for those receiving retirement benefits. It allows the oversight boards to make adjustments under specific circumstances, as defined within the bill’s text.
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