Oklahoma SB2039 allows retired members to purchase service credits and updates statutory language.
Oklahoma SB2039 amends the Teachers' Retirement System of Oklahoma to allow retired members to purchase service credits at a certain rate. The bill updates statutory language, references, and effective dates, and declares an emergency. It provides provisions for the calculation of retirement allowances, service credit transfers, and member contributions. The bill also modifies terms and allows for the purchase of service credits.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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