Wednesday, April 16, 2008

State Retirement Benefits Bill Clears House

A loophole that allows some state workers to obtain greater retirement benefits than they ever earned as a state employee was closed today by the House of Representatives.
Senate Bill 1641, by Rep. Dan Sullivan, would ensure that elected officials will not receive retirement benefits "greater than their single highest annual compensation received as a member of the Oklahoma Public Employees Retirement System."
The bill now goes to the Senate for final action.

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