OKLAHOMA CITY — New state employees would have the option of a traditional pension or a defined contribution plan under a bill approved by the Oklahoma House.
The House voted 65-22 Tuesday for the bill that would give state employees hired after July 1, 2014, the new option. The bill would make it a requirement for statewide elected officials elected after July 2014 to be a member of the new defined contribution plan.
Most Democrats opposed the measure, arguing it was the first step toward abolishing public pensions.
The sponsor of the bill, Republican Rep. Randy McDaniel of Oklahoma City, says his goal is to protect the state’s financial security of the state and give workers more options.
For local news and more, subscribe to The Norman Transcript Smart Edition, or our print edition.
Raw: Massive Protests Fill Brazilian Streets
Raw: German President Welcomes President Obama
Fans Cheer Dramatic Heat Comeback
Raw: Arizona Wildfire Scorches 8 Square Miles
Hoffa Mystery Still Fascinates After 4 Decades
Raw: 1 Dead in Shooting at Mo. Apartment Complex
Raw: Huge Fire Near Yosemite National Park
Raw: Obama Arrives in Berlin
3 Charged in Ohio With Enslaving Mom, Daughter
Obama Seeks G-8 Support on Syria
Raw: Volcano Erupts Near Mexico City
Kid Couture: Spending Big Bucks on Babies
Suicide Bombs Target Baghdad Mosque, Killing 29
Military Plans to Put Women in Combat Jobs
Solar Power Chargers in NYC Parks
Civil Rights Groups Sue NYPD Over Muslim Spying
Raw: First Lady, Daughters Enjoy Irish Sights
RAW: NSA Director Says 50 Plots Foiled
Boeing, Airbus Battle for Sales Supremacy
