McDaniel Cheers Truth In Funding Act, Says Structural Pension Problems Remain
By Patrick B. McGuigan/CapitolBeatOK ~ State Rep. Randy McDaniel, an Oklahoma City Republican, has pressed for several major pension reform measures in the current legislative session.
|Rep. Randy McDaniel|
McDaniel responded via email this evening (Thursday, March 10), telling CapitolBeatOK, “The Truth in Funding Act [House Bill 2132] is one of the most significant pension reform acts in the country. Oklahoma’s unfunded liability is over $16 billion. If this act is passed this session, Oklahoma’s unfunded liability will decrease by roughly $5 billion."