Push to give Oklahoma state retirees raise dies
Retired state employees in six state pension systems will not see a boost in their pensions this year.
A Senate committee punted on moving forward with a 2% cost-of-living adjustment for retirees, including teachers, firefighters and police, in specific Oklahoma state pension systems.
Instead, the Senate Retirement and Insurance Committee opted to pursue an actuarial study to get more information on the issue. The committee voted 7-1 Thursday to pursue the study.
The move means HB 2304 by Rep. Avery Frix, R-Muskogee, is dead for the legislative session. But the actuarial analysis will be complete before Dec. 1, meaning the Legislature may consider a cost of living adjustment again next year.
Read more: https://newsok.com/article/5628466/push-to-give-oklahoma-state-retirees-raise-dies
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