STATE OF OKLAHOMA

1st Session of the 53rd Legislature (2011)

HOUSE BILL 2152	By:	Steele

AS INTRODUCED

An Act relating to public retirement systems; enacting the Public Employee Pension Reform Act of 2011; providing for noncodification; providing an effective date; and declaring an emergency.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     NEW LAW     A new section of law not to be codified in the Oklahoma Statutes reads as follows:
This act shall be known and may be cited as the “Public Employee Pension Reform Act of 2011”.
SECTION 2.  This act shall become effective July 1, 2011.
SECTION 3.  It being immediately necessary for the preservation of the public peace, health and safety, an emergency is hereby declared to exist, by reason whereof this act shall take effect and be in full force from and after its passage and approval.

53-1-5036	MAH	01/11/11

THOMAS E. CUMMINS  CONSULTING ACTUARY, INC.
2512 E. 71st  Street,  Suite D ∙  Tulsa, Oklahoma 74136                             (918) 492-9658  ∙ (918) 492-9659

January 11, 2011

Representative Kris Steele
Room 411

Re: RBH No. 5036

RBH No. 5036 is the Public Employees Pension Reform Act of 2011.  It is a shell bill.

RBH No. 5036 is a nonfiscal retirement bill as defined by the Oklahoma Pension Legislation Actuarial Analysis Act.

Thomas E. Cummins

Thomas E. Cummins, MAAA