State To Address Pension

Ponca City Now - October 6, 2013 9:39 am


Okla. GOP leaders look to change state pensions

OKLAHOMA CITY (AP) – Republican leaders in Oklahoma who have made major changes in recent years to the state’s pension systems say they aren’t finished and plan to push next year to put an end to the traditional pension for new state workers.

Switching to a 401k-style retirement account for newly hired state employees has long been a top goal of many fiscal conservatives. The governor and legislative leaders in the House and Senate have endorsed such a move, although a battle undoubtedly will ensue with resistance from rank-and-file state workers.

Oklahoma Public Employees Association head Sterling Zearley says he’s open to discussing pension change, but not without a commitment from the Legislature to increase pay for state workers.

The proposed switch would not apply to pension systems for police and firefighters.


Latest Stories

Capitol Update from Representative Ken Luttrell

The Fiscal Year 2023 state budget agreement was announced this week, and there are a lot...

OU, OSU Softball Super Regional Schedules Are Set

OKLAHOMA CITY –  Oklahoma and Oklahoma State punched their tickets into the Super Regional round. Both teams now know...

Nearly 60 Veterans Deboard Plane In Solidarity With One Who Couldn’t Fly

TULSA, Oklahoma –  A group of Oklahoma veterans took a dream trip to Washington DC last week but it ended...