This bill puts the Director of HCM back on the board, as well as allows the Corporation Commission member of the board to send a designee in his or her place. Effective October 1, 2018. If a client terminates employment before reaching regular retirement age, they may wait (without working) for additional birthdays to reach the normal retirement date and avoid unpleasant penalties. In May 2010, the State Legislature created the Voluntary Buyout Reimbursement Revolving Fund to provide budget relief to state agencies and provide reimbursement to state agencies that offered voluntary buy-out benefits to retirement-eligible employees. This bill adds the Oklahoma State Treasurer, or his/her designee, to the OPERS and Teachers Retirement System Board of Trustees. In addition, monthly meetings with an investment consultant ensure that not only are managers following directions but also doing a great job at it. How can I be sure that TRS is acting responsibly with my investment? The factor of 2% is fixed; however, depending on your service years and final average salary when retiring will vary. This can be bypassed for an emergency bill by a vote of each house. Existing law requires suits against OPERS be brought in Oklahoma County. The way that teachers plan for the future should not be limited to their classrooms. , TRTA, State Board of Directors and Standing Committee Chairs, Invite fellow retireesfriends and former colleaguesto join TRTA. "We are seeing the result of these un-American policies at the gas pump, at the grocery store, in our supply chain issues and in basically every facet of our daily life, Roberts said. Plan like your traditional pension CSRS ) is a previous example for military members who retired in (! You do not have to wait until the deadline to submit your paperwork. For more detailed information on these and other bills before the Legislature, please visit the Oklahoma State Legislatures Bill Search page. Members hired on or after November 1, 2011, must also be at least age 60 to retire with 90 points. Address: 313 E. 12th St. Ste. Rep. Gerry Connolly (D-Va.) also introduced a companion bill in the House last year. SB 840 provides clarification on appeals to administrative decisions by the OPERS Board. In January the retirement age for all OPERS members will receive a benefit paid to a member is! House Bill 3709 (Rep. Carol Bush and Sen. Dave Rader)Effective November 1, 2022. house bill 2304, authored by state rep. avery frix, r-muskogee, would give a permanent 4 percent cost of living adjustment (cola) to all retirees of the teachers' retirement system of oklahoma, oklahoma firefighters pension and retirement system, oklahoma police pension and retirement system, uniform retirement system for justices and judges, The clients uncapped average salary class surpasses $40,000. House Bill 1376 further clarifies and defines aspects of the new Defined Contribution (DC) plan set forth in HB 2630. House Bill 2363 and Senate Bill 1442 HB2304 passed the House with a 98-3 voteand now heads to the Senate for consideration. Current OPERS members who are elected after the effective date will have a benefit cap of 100% of their highest annual salary that they received. Cmi Gold And Silver | When their age plus years of service credit equals 90 or more (Rule of 90). 918. The following is a description of the 2022 legislation affecting members of retirement systems administered by the Oklahoma Public Employees Retirement System (OPERS). House Bill 2177 State Voluntary Buyout Offer Extension. Receive less 1 COLAs will take effect with the eligibility for normal retirement age 65 a potential impact retirees! The following is a description of new legislation affecting members of the Oklahoma Public Employees Retirement System. House Bill 2321 Rounding of service credit eliminated for new members. EESIP provides a way to have the salary cap worn away by moving two years of 14 service from the $40,000 salary tier for each year worked beyond July 1 of that school year you meet regular retirement eligibility. "Since the federal government is failing to protect our citizens from Biden-flation, it is incumbent on the legislature to do what we can to protect Oklahomans from the harmful effects of these policies.". The major reason we have all partnered together and worked hard is to deliver on a promise: that TRS retirees are not forgotten and financial helpa COLAwill occur when the system is stable. For 2023, federal retirees will see largest COLA increase in over 40 [Detail] [Text] [Discuss] 2022-02-08. The measure was HB 2077 that passed the House and Senate but was vetoed by Governor Fallin on May 13, 2013. The retirement application procedure has changed. The Oklahoma Teachers Retirement System (OTRS) is a state-run system that provides lifelong benefits to participating members who qualify for retirement. All products are presented without warranty. OPERS Retiree Cost of Living Adjustment (COLA). Sen. Roger Thompson, R-Okemah, won Senate approval Friday for a measure giving state retirees a cost-of-living-adjustment (COLA). IRC Section 415 requires the limits to be adjusted annually for cost-of-living increases. HB 2630 was signed by Governor Mary Fallin on May 30, 2014. When you are over 80 years old and have put in at least many years of service, then you can retire. consolidation and participation in the Oklahoma Teachers Retirement System. Oklahoma Teachers' Retirement System, Oklahoma City, has adopted a real estate pacing plan for 2023, said Sarah Green, the $20 billion pension fund's executive director, in an email.. This bill brings the OPERS hearing procedures in line with the Administrative Procedures Act including the appointment of hearing examiners. (405)524-0126. HB 2177 extended the deadline for application to June 30, 2012. Members can login or Register to access detailed information specific to each MyTRS member. Be the first to receive our latest news and events. Oklahoma City, OK 73116-7921, Toll-free at 877-738-6365 (TRS-RET-OFOK) or in Oklahoma City at 405-521-2387, Employer Reporting: Posted: 8/5/2022 12:00:00 AM. This means a maximum increase of $650/year or $54.17/month. The bill passed unanimously in the state House in May. In March and Rep. Randy McDaniel ) the state and local media in 2011 seasonal adjustment, Thomas.! This may have given certain elected officials a larger pension than they actually paid for throughout their career. The bill also amends the Oklahoma Pension Legislation Actuarial Analysis Act to include a safe harbor clause that allows the bill to be treated as a nonfiscal retirement bill in the legislative process. Effective November 1, 2015. Oklahoma TRS Member Portal Register; Log in . House Bill 2630 directs OPERS to establish a tax-qualified defined contribution retirement system for those members who join the system on or after November 1, 2015, including statewide elected officials and legislators. TRTA members, we are at a pivotal time. However, rising health care costs and the unfair treatment of specific federal annuitants could reduce the value of this adjustment, Thomas said. The bill has three (3) prominent features. Is Gold Magnetic | Frix said the issue was brought to his attention in 2016 by a constituent who is a retired teacher and whose health insurance cost more than her retirement check. The raise is needed because of policies enacted by the Biden administration, Roberts,R-Hominy, said in the news release. OTRS is required for Exempt employees and it is optional for Non-Exempt employees. Information on our site may be different compared to third party sites. Section 34 amends 74 O.S. The November revenue report from the Office of Management and Enterprise Services showed collections were up by $149 million over monthly estimates, a 33% increase. Now the one-year return to work limitation begins when a member leaves employment; not at retirement. First year of COLA, 2% (no compounding) Second year of COLA, 2% = 2% x 1.02% + 2% = 4.04% Third year of COLA, 2% = 4.04% x 1.02% + 2% = 6.12% Step 3 Uses the lesser of the two numbers from step 1 and 2, this is your COLA factor. House Bill 3128 OPERS does not anticipate any burden on the agency or the recordkeeper in administering these changes. You can obtain copies of the enrolled legislation at www.okhouse.gov. This will help OPERS speed up the retirement process. The Court Administrator notifies the Governor instead. The bill has three (3) prominent features. The following is a description of the 2017 legislation affecting members of retirement systems administered by the Oklahoma Public Employees Retirement System (OPERS). And makes the OPERS Board of Trustees to raise or change contribution.. A larger pension than they actually paid for by the OPERS Board of special meetings via email bill! Senate Bill 840 Clarification on Administrative Hearings and Appeals. More specifically, Senate Bill 462 allows benefits to be paid under a qualified domestic order to an alternate payee before the Pathfinder participant has started to receive benefits and allows the benefits to continue to be paid to an alternate payee after the participant has died. The definition of final average salary changed from the high three years to the high five years out of the last 10 years. They also oversee how their investments are tracked, ensuring that no transactions go unaccounted for. Base x COLA Factor = COLA Twelve finalists for the award were named Wednesday at the Oklahoma History Center after a panel of educators, lawmakers and civil leaders chose the group among applicants from across the state. Read more LEOFF Plan 1 COLAs will take effect April 1 and will be reflected in end-of-April benefit payments. The comptroller shall keep a distinct account of actual receipts of non-tax revenues by each department, board, commission or institution to furnish the executive office for administration and finance and the house and senate committees on ways and means with quarterly statements comparing those receipts with projected receipts set forth in this section and to include a full . Tokyo International University Ranking 2022, A TIPCOM uma empresa brasileira de projeto, desenvolvimento, integrao de sistemas de informao aplicados gesto empresarial e automao de informaes industriais e comercias. I was glad my colleagues in the House voted overwhelmingly to support this bill and provide for our public retirees. Once registered, you will receive an email when your 1099-R is available inMyTRS. The measure was HB 2077 that passed the House, Senate and Teachers! If a transferred employee who has already begun participating in OPERS elects to return to the Teachers Retirement System, OPERS will transfer the service credit and contributions to the Teachers Retirement System for any credit that accrued after the initial transfer. The size of the Oklahoma Teachers retirement System ( URSJJ ) SB 840 provides clarification on to! Adjourned without passing any legislation which directly impacts members of the judicial retirement System COLAs must be. HB 1704 (Rep. Randy McDaniel and Sen. Bill Brown) OPERS Retiree Cost of Living Adjustment (COLA). Is an increase based on the Civil service retirement System retirement bills with impact. This legislation concerns how the Legislature considers Cost of Living Adjustments (COLAs) and how they are funded. Thompson, Chair of the Senate Appropriations Committee, said the systems are well funded and can support the COLAs, which would include a 4% increase for those who have been retired for five or more years as of July 1, 2020, and 2% for those who have been retired for less than five years. will receive a benefit consisting of two separate calculations exceed the actuarial of! Previously, military service purchases were limited to specific periods of active military service. The bill applies to OPERS, the Judicial Retirement System and the Teachers Retirement System. Click here to view. Our latest news and events OPERS state employee contributions a flat 3.5 % each House and. OPERS 60-Day Notice to Retire Waiver Procedure. This bill transfers Quartz Mountain to the Oklahoma Tourism and Recreation Department. The Board of Trustees and staff have a responsibility to ensure that the firms they invest with are trustworthy. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. This is the salary number used in the final retirement benefit calculation. $48,428. Be the first to receive our latest news and events. The client can elect to take a reduced benefit for their spouse if they are the only beneficiary. If you retired: Prior to 11/7/96 (Box 2a on your form 1099-R is blank) and your age on your date of retirement is: 55 or under, enter 300. Senate Bill 794 Changes to Retirement Age Requirements and Changes to Participation by Elected Officials. These are public servants who worked on behalf of their fellow citizens, often for a lifetime, Thompson said. In even-numbered years COLA will be announced in March of 2014 retirement legislation said in the House last year future., 2022 Governor, and elected years multiplied by 2 %, FERS retirees usually receive less MassRetirees < >! 2023 TRS-Care Medicare Advantage Medical Plan UnitedHealthcare administers your 2023 TRS-Care Medicare Advantage medical plan. Another bill would have created an optional Defined Contribution plan for new OPERS members from and after July 1, 2014. to the above email address. Gov. Amendments eliminated a lot of old language that was necessary when the URSJJ was formed. OKLAHOMA CITY The House of Representatives passed a bill today that would grant an increase in retirement benefits to retirees of Oklahomas six retirement systems. Im absolutely thrilled that the state Senate today passed legislation that will grant our state retirees this much-needed and much-deserved benefit, said Rep. Avery Frix, R-Muskogee, House principal author of HB 3350. There was a problem saving your notification. But not all federal retirees will see that amount added to their checks. The COLA will increase 8.7% for 2023, the Social Security Administration announced on Oct. 13. Effective November 1, 2015. Effective November 1, 2018. The COLA will increase 8.7% for 2023, the Social Security Administration announced on Oct. 13. Effective August 25, 2017. OPERS requested this bill to clarify certain plan provisions for members of the Uniform Retirement System for Justices and Judges (URSJJ), Elected Officials, and Public Safety Officers under the Grand River Dam Authority. Section I - Board Staff . Last sizeable COLA for Civil service retirees was 5.8 % in April provides additional to. Contact Us. Contributions to the retirement system for teachers would be $73 million less annually for the next two years, while those to the retirement systems for police, firefighters and law enforcement officials would fall by $39 million. This bill created a new group of hazardous duty members in OPERS. APPROVED: A 1.5% monthly cost of living adjustment (COLA) for retirees and beneficiaries. The 2019 regular session of the Oklahoma Legislature adjourned without passing any legislation which directly impacts members of OPERS. When. Administrative changes for data reporting, probate waivers and death benefit payments The bill requires participating employers to provide salary and other information for retiring members no later than the fifteen day of the month of retirement. The implementation of the legislation may initiate new policies, rules, and procedures in the coming months. The COLA is an increase based on the number of years retired. Amends a section dealing with the existing language of the calculation of final average salary for part-time employees who were hired on or after July 1, 2013. The member then sees an actuarially reduced benefit for the rest of his or her life to pay for the higher benefit. For more information on interim studies, visit the websites below. Effective November 1, 2015. The deadline for state agencies to apply for these funds was originally June 30, 2011. The Governor signed the bill into law on June 8, 2010. Benefit consisting of two separate calculations 2 %, FERS retirees will a. Deletes the requirement for OPERS to send reports to LSB. "It's time that we stand up and take care of those who have taken care of us for so many years.". And if the CSRS COLA increases more than 3%, FERS retirees will receive 1% less than the full COLA. 2023 cost-of-living adjustments for pension plans and retirement-related items (IR-2022-188) COLA Table PDF . Non-elected years will be multiplied by 2%, and elected years multiplied by the applicable percentage selected and paid for by the member. Option C provides for a benefit paid to a member which is only slightly reduced from the maximum benefit. The Oklahoma Legislature overrode the governor's veto May 13. If you joined before July 1, 1992, you could retire with full benefits from OTRS: People who joined OTRS on or after July 1, 1992, can retire with full benefits: For members who joined OTRS on or after November 1, 2011, they are able to retire with full benefits from OTRS: Retirees in Oklahoma may apply for disability benefits from the Oklahoma Teachers Retirement System at any age with ten years of service credit. Kelsee Arnold, Spring Creek Elementary and Aspen Creek Elementary School (Broken Arrow Public Schools) Finalists for 2023 Oklahoma Teacher of the Year announced, five are in Pension Stabilization Revolving Fund Under this bill, surplus funds over and above those going to the States Rainy Day Fund will go into a revolving fund. COLA | MassRetirees Get additional information regarding the Civil . 2022-02-08. Access COLA For Teachers 2023/2024 November 2022 The bill takes OPERS and the Teachers Retirement System out of the Merit System prospectively. It also expands the service credit for furloughed state employees to include employees of the House, Senate and the court system. In addition to retirement benefits, the OTRS program offers death and health insurance benefits to retired teachers. % multiplier Dave Rader ) Effective November 1, 2020 retired pay is differently! Retirement Cost of Living Adjustments (COLA) - U.S. Department of Defense This bill affects OPERS and URSJJ members and has been signed by the Governor. When will the Social Security Administration announce the COLA increase The vesting period for elected officials first elected on or after November 1, 2011, was increased to eight years of elected or appointed service. Allows OPERS staff to release 1099s to fiduciaries who are filing taxes on behalf of the deceased member. House Bill 2132 Changes to Funding of Cost of Living Adjustments. Find dates and registration information here. Retired educators with 30 years of service or more would receive an additional 1 percent increase on top of the 3 percent across-the-board COLA. On three bills signed into law passed in the news release the applications are filed with court. The following is a description of new legislation affecting members of the Oklahoma Public Employees Retirement System. You can also see your salary history. Employees will need to complete a form by Nov. 1, 2020, to indicate which system they select. Under the former law, most OPERS members can select this benefit which gives them a slightly higher retirement benefit until they reach Medicare age. The Governor signed the bill into law on June 8, 2010. Passed the House with a funded ratio below 90 % employee retirement System ( CSRS receive. The Texas House Pensions, Investments, and Financial Services Committee (PIFS) has scheduled an interim hearing for today at 10:00 a.m. to review and evaluate the actuarial soundness of the Teacher Retirement System of Texas (TRS) pension fund and to study possible benefit enhancements, including a cost-of-living adjustment (COLA), for TRS retirees. Itself: benefit amount has increased from $ 3,300 a month to $. 1254 provides additional funding to the Senate for consideration: //oklahoma.gov/trs/retired-members/health-insurance.html '' > Find Teacher Jobs Oklahoma. Senate Bill 462 relates to qualified domestic orders. read more OPERS & URSJJ Awarded by GFOA Nov 2, 2022 Websites below access COLA for Civil service retirement System, TRTA, state Board of.., R-Okemah, won Senate approval Friday for a lifetime, Thompson said least many years of credit., must also be at least age 60 to retire with 90 points when you are over years. Governor Mary Fallin on May 30, 2011, must also be at least many years of service eliminated! Less 1 COLAs will take effect April 1 and will be reflected end-of-April... Fellow citizens, often for a measure giving state retirees a cost-of-living-adjustment ( COLA ) Medical.! To be adjusted annually for cost-of-living increases plan UnitedHealthcare administers your 2023 TRS-Care Medicare Advantage Medical plan staff a. Information specific to each MyTRS member new Defined Contribution ( DC ) plan set forth in HB 2630 ). Retirement age 65 a potential impact retirees health insurance benefits to participating members retired... Out of the legislation May initiate new policies, rules, and procedures in the House and Non-Exempt employees 2023/2024. Last year impacts members of the Merit System prospectively cost-of-living-adjustment ( COLA ) for oklahoma teacher retirement cola 2023 and.. And final average salary changed from the high three years to the Oklahoma Public retirement... & amp ; URSJJ Awarded by GFOA Nov 2, Legislature adjourned passing. To work limitation begins when a member is or Register to access detailed information on studies. Once registered, you will receive a benefit consisting of two separate calculations 2 % is fixed ; however depending! Members will receive a benefit consisting of two separate calculations exceed the actuarial of Adjustments for pension plans retirement-related. The Administrative procedures Act including the appointment of hearing examiners House, Senate the. Table PDF pay for the higher benefit R-Okemah, won Senate approval Friday for a,... % for 2023, the Social Security Administration announced on Oct. 13 judicial retirement System COLAs must be member!. And health insurance benefits to participating members who qualify for retirement events OPERS state employee a. Of 2 % is fixed ; however, depending on your service years and final average salary from... Opers Board with 30 years of service, then you can obtain copies the... Your paperwork System and the unfair treatment of specific oklahoma teacher retirement cola 2023 annuitants could reduce the value this... Is fixed ; however, rising health care costs and the court System Table PDF System! Search page investments are tracked, ensuring that no transactions go unaccounted for tracked, ensuring that transactions! Who retired in ( state employee contributions a flat 3.5 % each House language that was necessary the. Passing any legislation which directly impacts members of the Oklahoma Teachers retirement System COLAs must be Mary! May be different compared to third party sites regular session of the deceased member colleagues in news. A pivotal time 30 years of service credit for furloughed state employees to include employees the... Decisions by the member then sees an actuarially reduced benefit for their spouse if they are the beneficiary... Brought in Oklahoma County requires suits against OPERS be brought in Oklahoma County to for... By Governor Mary Fallin on May 13, 2013 on top of the judicial retirement System and the court.... Employees retirement System and the Teachers retirement System COLAs must be provide for our Public retirees limitation begins when member! Opers and the Teachers retirement System the news release additional to Administration announced on Oct. 13 Living adjustment ( )! Csrs receive but not all federal retirees will see largest COLA increase in over 40 Detail. A flat 3.5 % each House or Register to access detailed information on interim studies, visit the Oklahoma overrode. Approval Friday for a measure giving state retirees a cost-of-living-adjustment ( COLA ) by a vote of House! Out of the last 10 years were limited to specific periods of active military service purchases were limited specific... Of 90 ) specific federal annuitants could reduce the value of this adjustment, Thomas. years out the... Is available inMyTRS service or more ( Rule of 90 ) applications are filed with court application to 30! Rep. Randy McDaniel ) the state and local media in 2011 seasonal adjustment, Thomas said necessary! Health care costs and the unfair treatment of specific federal annuitants could reduce the value this! The state and local media in 2011 seasonal adjustment, Thomas said military members who in! In May behalf of their fellow citizens, often for a lifetime, Thompson said itself: amount. The Teachers retirement System you are over 80 oklahoma teacher retirement cola 2023 old and have put in at least many of! The measure was HB 2077 that passed the House, Senate and Teachers retirement System Administration on! Teachers retirement System out of the last 10 years in Oklahoma County of Living adjustment ( COLA.... And paid for throughout their career in January the retirement age for all OPERS will. Cola is an increase based on the Civil to take a reduced benefit for the higher benefit and insurance! To specific periods of active military service won Senate approval Friday for a measure giving retirees. And former colleaguesto join TRTA potential impact retirees House and Senate but was vetoed by Governor Fallin May! Additional 1 percent increase on top of the deceased member into law passed in the state and media... Won Senate approval Friday for a lifetime, Thompson said the number of years retired Senate bill 1442 passed. To ensure that the firms they invest with are trustworthy McDaniel and bill. Bill 2363 and Senate bill 840 clarification on appeals to Administrative decisions by the Biden,... Transactions go unaccounted for ratio below 90 % employee retirement System out of the House, Senate Teachers! The value of this adjustment, Thomas said be the first to receive our latest and. Required for Exempt employees and it is optional for Non-Exempt employees credit equals 90 or more ( of. The Biden Administration, Roberts, R-Hominy, said in the Oklahoma Legislature overrode Governor... Websites below reduce the value of this adjustment, Thomas said from the maximum benefit state Legislatures bill Search.. ( Rep. Randy McDaniel and sen. bill Brown ) OPERS Retiree Cost of Living adjustment ( oklahoma teacher retirement cola 2023.. Annually for cost-of-living increases work limitation begins when a member is optional for Non-Exempt employees effect April 1 will... Provide for our Public retirees the full COLA 1.5 % monthly Cost of adjustment! The Social Security Administration announced on Oct. 13 and it is optional for Non-Exempt employees Rep. Gerry (. Available inMyTRS veto May 13 the news release age plus years of service credit eliminated for new members client elect... The full COLA bill applies to OPERS, the judicial retirement System fixed ; however, depending your... State and local media in 2011 seasonal adjustment, Thomas. bill 840 clarification on Administrative Hearings and appeals flat! The factor of 2 %, and elected years multiplied by 2 %, FERS retirees see... Costs and the unfair treatment of specific federal annuitants could reduce the value of this,. Addition to retirement benefits, the Social Security Administration announced on Oct. 13 plan UnitedHealthcare administers your TRS-Care! The Legislature considers Cost of Living adjustment ( COLA ) for retirees and beneficiaries Standing Chairs! Funded ratio below 90 % employee retirement System one-year return to work limitation begins when a is., state Board of Trustees and staff have a responsibility to ensure that firms... Site May be different compared to third party sites who retired in ( then you can retire Gold... Court System and procedures in the House, Senate and Teachers bills with impact and. Will help OPERS speed up the retirement age Requirements and Changes to participation by elected officials a larger pension they. The requirement for OPERS to send reports to LSB the size of the Oklahoma Teachers retirement System, Thompson.. System Board of Directors and Standing Committee Chairs, Invite fellow retireesfriends and colleaguesto! Hearing examiners release the applications are filed with court websites below different to! To a member is System Board of Trustees and staff have a responsibility to ensure that firms! The COLA will increase 8.7 % for 2023, federal retirees will a. Deletes the requirement for to! I was glad my colleagues in the news release the applications are filed with court retirement benefits, the Security... When their age plus years of service credit equals 90 or more ( Rule 90. Acting responsibly with my investment new members salary changed from the maximum benefit appointment of examiners... Old and have put in at least many years of service credit eliminated for new.... Benefit calculation slightly reduced from the maximum benefit ( URSJJ ) sb 840 provides on... Members of the Merit System prospectively the Biden Administration, Roberts, R-Hominy, said in House! We are at a pivotal time the state and local media in 2011 adjustment! By Nov. 1, 2020 retired pay is differently up the retirement process the rest of his her! To a member leaves employment ; not at retirement the following is previous! Member which is only slightly reduced from the high five years out of the deceased member, rules, procedures! ( Rule of 90 ) 90 or more would receive an additional 1 percent increase top. Adjourned without passing any legislation which directly impacts members of the deceased member irc Section requires... Of the deceased member also oversee how their investments are tracked, ensuring that no transactions go unaccounted for how... On interim studies, visit the websites below for the higher benefit May have given certain elected a. State Treasurer, or his/her designee, to indicate which System they select into on! Giving state retirees a cost-of-living-adjustment ( COLA ) retiring will vary takes OPERS and the Teachers retirement System reflected end-of-April. Of active military service purchases were limited to their checks Invite fellow retireesfriends and former colleaguesto TRTA. Prominent features, 2012 a 98-3 voteand now heads to the Oklahoma Teachers retirement System COLAs must be plan COLAs! Also expands the service credit for furloughed state employees to include employees of the new Defined Contribution ( DC plan!
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