Oklahoma HB1027 amends the Oklahoma Law Enforcement Retirement System to update definitions, modify service credit purchase calculations, and declare.
Oklahoma HB1027 amends the Oklahoma Law Enforcement Retirement System by updating definitions, modifying service credit purchase calculations, and declaring an emergency. The bill updates the term "System" to refer to the Oklahoma Law Enforcement Retirement System. It modifies the purchase price calculation for service credit related to certain leaves of absence. The bill also updates references to the Internal Revenue Code and declares an emergency, effective immediately.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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