OTRS Feb 20, 2015

2015 OTRS Tracks OTRS

HB1002

HB1002 -- 10% Authors:

McDaniel

Title:

Public retirement systems; Oklahoma Retirement Systems Act of 2015; effective date.

Description:

A shell bill that creates the Oklahoma Retirement Systems Act of 2015.

Tracks:

2015 Session and OTRS

Actions: 19 Feb - H Meeting set for 02/24/2015 at 3:00 PM, 3:00pm or AA1: State Capitol, Rm 412-C, Business, Labor and Retirement Laws Committee

HB1005

HB1005 -- 31% Authors:

McDaniel and Brinkley

Title:

Teachers’ Retirement System of Oklahoma; treatment of certain contributions.

Description: contributions.

A nonfiscal amendment relating to benefit computations for the Teachers' Retirement System of Oklahoma; specifies treatment of certain

Tracks:

2015 Session and OTRS

Actions: 18 Feb - S First Reading

HB1109

HB1109 -- 10% Authors:

Cannaday

Title:

Teachers' Retirement System of Oklahoma; post-retirement earnings limitations; effective date; emergency.

Description: Amends the act relating to Teacher’s Retirement System of Oklahoma. For any retired teachers the limit on allowed earnings from the public schools of Oklahoma for employment for the performance of duties ordinarily performed by personnel shall be $30,000. Loosens age restrictions on who may receive benefits; EMERGENCY Tracks:

2015 Session and OTRS

Actions: 3 Feb - H Second Reading referred to Business, Labor and Retirement Laws

HB1111

HB1111 -- 10% Authors:

Hoskin

Title:

Teachers' Retirement System of Oklahoma; post-retirement earnings limitations; effective date; emergency.

Description:

Pertains to teachers’ retirement, removing the 60 calendar day requirement before a retiree can be employed in education again, amending that

provision so a retiree cannot be employed in education for the remainder of the school year; and it increases the earnings limit on allowed earnings to be the minimum salary for a teacher; EMERGENCY. Tracks:

2015 Session and OTRS

Actions: 3 Feb - H Second Reading referred to Business, Labor and Retirement Laws

HB1112

HB1112 -- 10% Authors:

Hoskin

Title:

Teachers' Retirement System of Oklahoma; post-retirement earnings limitations; effective date; emergency.

Description: Pertains to teachers’ retirement, stating that the earnings may not exceed the limitation allowed by the Social Security Administration unless the amount is greater than $30,000. The bill removes language pertaining to retire members under the age of 62, 65 and 70; and requirements that half of the members’ final average salary will be used to compute benefits; EMERGENCY. Tracks:

2015 Session and OTRS

Actions: 3 Feb - H Second Reading referred to Business, Labor and Retirement Laws

HB1444

HB1444 -- 10% Authors:

Coody

Title:

Public retirement systems; Teachers' Retirement System of Oklahoma; Board of Trustees; voting rights; effective date.

Description: States that a statewide organization with a membership of at least 7,000 person(s) consisting of retired educators who are retired members of the Teachers’ Retirement System of Oklahoma and who are receiving retirement benefits from such System will appoint a voting member to the Board of Trustees.

Tracks:

2015 Session and OTRS

Actions: 3 Feb - H Second Reading referred to Business, Labor and Retirement Laws

HB1489

HB1489 -- 10% Authors:

Matthews

Title:

Teachers' Retirement System of Oklahoma; post-retirement earnings limitations; effective date; emergency.

Description: States that a member may enter into post-retirement employment with the public school system of Oklahoma and still receive monthly retirement benefits; amends limitations: retired members under the age of 62 are now allowed to earn the lesser of $16,000 or half of the member’s final average salary unless the earning limitation allowed by the Social Security is more than $16,000; EMERGENCY.

Tracks:

2015 Session and OTRS

Actions: 3 Feb - H Second Reading referred to Business, Labor and Retirement Laws

HB1538

HB1538 -- 13% Authors:

Thomsen

Title:

Public retirement systems; Pension Improvement Act; effective date; emergency.

Description:

To be known as the Pension Improvement Act; creates a revolving fund, not subject to fiscal year limitations, for the retirements systems in

Oklahoma. The act shall become effective July 1, 2015; EMERGENCY. Tracks:

2015 Session and OTRS

Actions: 17 Feb - H CR; Do Pass Business, Labor and Retirement Laws Committee

HB1638

HB1638 -- 10% Authors:

Coody

Title:

Teachers' Retirement System of Oklahoma; post-retirement earnings limitations; effective date; emergency.

Description: Raises the limit on allowed earnings from the public schools of Oklahoma for retired members; changes earnings limitations for retired members below the age of sixty-two; changes earnings limitations for retired members older than seventy years; EMERGENCY. Tracks:

2015 Session and OTRS

Actions: 3 Feb - H Second Reading referred to Rules

HB1645

HB1645 -- 10% Authors:

Coody

Title:

Public retirement systems; Oklahoma Pension Systems Amendments Act of 2015; effective date.

Description:

Shell bill that creates the Oklahoma Pension Systems Amendments Act of 2015.

Tracks:

2015 Session and OTRS

Actions: 3 Feb - H Second Reading referred to Rules

HB1646

HB1646 -- 10% Authors:

Coody

Title:

Public retirement systems; Oklahoma Pension Systems Amendments Act of 2015; effective date.

Description:

Shell bill that creates the Oklahoma Pension Systems Amendments Act of 2015.

Tracks:

2015 Session and OTRS

Actions: 3 Feb - H Second Reading referred to Rules

HB1649

HB1649 -- 10% Authors:

Brown

Title:

Public retirement systems; retirement benefit increases; offsets; effective date; emergency.

Description:

States that any person receiving benefits from the Oklahoma Firefighters Pension and Retirement System, Oklahoma Police Pension and

Retirement System, Uniform Retirement System for Justices and Judges, Oklahoma Law Enforcement Retirement System, Teachers’ Retirement System of Oklahoma, and Oklahoma Public Employees Retirement System as of June 30, 2014, who continues to receive benefits on or after July 1, 2015, will receive a two-percent increase in said benefits on July 1, 2015.

Tracks:

2015 Session and OTRS

Actions: 3 Feb - H Second Reading referred to Business, Labor and Retirement Laws

HB1782

HB1782 -- 10% Authors:

McCall

Title:

Teachers' Retirement System of Oklahoma; post-retirement earnings limitations; effective date; emergency.

Description: States that earnings from the public schools may no exceed the Earnings Limitation for employees allowed by the Social Security Administration.

For retired members the limit on allowed earnings from the public schools of Oklahoma for employment for the performance of duties ordinarily performed by classified or nonclassified personnel will be $40,000.00 unless the earnings limitation allowed by the Social Security Administration would be greater than $40,000.00; EMERGENCY. Tracks:

2015 Session and OTRS

Actions: 3 Feb - H Second Reading referred to Rules

HB1790

HB1790 -- 10% Authors:

Hardin

Title:

Teachers' Retirement System of Oklahoma; post-retirement earnings limitations; effective date; emergency.

Description: States that a member may enter into post-retirement employment with a public school and still receive monthly benefits, except that a retired member is not eligible to be employed by the public schools for 60 calendar days after post-retirement; the bill removes earning details; EMERGENCY. Tracks:

2015 Session and OTRS

Actions: 3 Feb - H Second Reading referred to Business, Labor and Retirement Laws

HB1801

HB1801 -- 10% Authors:

Roberts

Title:

Public retirement systems; Teachers' Retirement System of Oklahoma; forfeiture of benefits; effective date.

Description:

Shell bill amending language relating to the Teacher's Retirement System of Oklahoma.

Tracks:

2015 Session and OTRS

Actions: 3 Feb - H Second Reading referred to Rules

HB1808

HB1808 -- 10% Authors:

Banz

Title: Public retirement systems; Teachers' Retirement System of Oklahoma; death benefit; Oklahoma Education Lottery Trust Fund; apportionments; effective date; emergency.

Description: The sum of $5,500 will be awarded to a annuitant of a person who died who contributed to the Teacher's Retirement System if there is no designated beneficiary. When the total of $5,000,000 has been reached in the School Consolidation and Assistance Fund, excess funds will be transferred into the Teachers' Retirement System of Oklahoma to offset any liabilities associated with the increase of the death benefit amount; EMERGENCY. Tracks:

2015 Session and OTRS

Actions: 3 Feb - H Second Reading referred to Business, Labor and Retirement Laws

SB66

SB66 -- 5% Authors:

Anderson

Title:

Teachers Retirement System; modifying earnings limit for certain retired members. Effective date.

Description: money.

Increases the cap on post-retirement benefits and states that if the employee is federal money, then the district doesn't have to contract to state

Tracks:

2015 Session and OTRS

Actions: 3 Feb - S Second Reading referred to Pensions

SB75

SB75 -- 5% Authors:

Barrington

Co-Authors:

Boggs

Title:

Teachers' Retirement; COLA. Effective date. Emergency.

Description: States those receiving benefits from the Teachers' Retirement System in July 2014 and after July 1, 2015 may receive a one-time payment of $500; EMERGENCY. Tracks:

2015 Session and OTRS

Actions: 5 Feb - S coauthored by Boggs

SB105

SB105 -- 5% Authors:

Sharp

Title:

Teachers' Retirement System; allowing certain post retirement employment; certain earnings limitations. Effective date.

Description:

Amends that employees in public schools may enter into post-retirement employment 30 calendar days, formerly 60 days, between the retiree's

last day of employment and post-retirement.

Tracks:

2015 Session and OTRS

Actions: 3 Feb - S Second Reading referred to Pensions

SB123

SB123 -- 5% Authors:

Smalley

Title:

Teachers' Retirement System; modifying earnings limit for certain retired members. Effective date.

Description:

Amends post-retirement requirements of public school employees and changes allowed earnings from $15,000 to $30,000.

Tracks:

2015 Session and OTRS

Actions: 3 Feb - S Second Reading referred to Pensions

SB330

SB330 -- 5% Authors:

Watson and Dahm

Title:

Retired teachers; modification of post retirement benefit upon post retirement marriage. Effective date. Emergency.

Description: Amends spouse beneficiary requirements in regards to Teachers’ Retirement System, stating that if a spouse is the designated beneficiary and dies after the member’s effective date of retirement and the member remarries-the member may make a one-time election for each subsequent marriage to name a new spouse beneficiary; EMERGENCY. Tracks:

2015 Session and OTRS

Actions: 3 Feb - S Second Reading referred to Pensions

SB454

SB454 -- 5% Authors:

Casey and Ford

Title:

Teachers' Retirement System; modifying provisions related to post retirement earnings limitation. Effective date.

Description:

Amends language pertaining to teachers’ retirement. The bill removes many provisions relating to post retirement earnings.

Tracks:

2015 Session and OTRS

Actions: 19 Feb - S Coauthored by Casey (principal House author)

SB668

SB668 -- 13% Authors:

McDaniel and Jolley

Title:

Retirement boards; Oklahoma State Pension Commission; adding certain person; OPERS Board; adding certain person. Effective date.

Emergency Description: Adds two new members to the Oklahoma State Pension Commission, the Commissioner of Labor and the Superintendent of Public Instruction.

Also adds one new member to the Board of Trustees, the Oklahoma State Treasurer. Any newly added member can also designate a proxy in their place; EMERGENCY. Tracks:

2015 Session and OTRS

Actions: 16 Feb - S Reported Do Pass, amended by committee substitute Pensions committee; CR filed