Oklahoma HB3721 amends retirement laws, allowing certain surviving spouses and children to participate in deferred option plans.
Oklahoma HB3721 amends Oklahoma's retirement laws to allow certain surviving spouses and children of members not participating in the Back DROP plan to participate in the Oklahoma Firefighters Deferred Option Plan, Oklahoma Police Deferred Option Plan, and Oklahoma Law Enforcement Deferred Option Plan. The bill modifies provisions related to deferred option plans, permits certain individuals to make elections, defines terms, and provides for the calculation of certain benefits. Effective dates and contingent effective dates are specified based on the approval of the emergency clause.
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- Core Provisions
- Implementation
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- Legal Framework
- Critical Issues
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