Competing studies to look at Oklahoma state retirees' pensions

The Oklahoma Legislature will not boost state retirees’ pensions this year, but the House and Senate are already laying the groundwork for a potential clash on the issue next year.

The House Rules Committee on Thursday opted to pursue an actuarial study to get more information about offering a 4% cost-of-living adjustment to retirees, including teachers, firefighters and police, in specific Oklahoma state pension systems.

House lawmakers' actions run counter to that of the Senate, which already advanced plans to study offering a 2% cost-of-living adjustment to some state retirees next year.

The House was firmly on board with a 4% pension adjustment from the beginning and decided to keep going down that route even after the Senate changed course, House Rules Chairman Zack Taylor said.

Read more: https://newsok.com/article/5630367/competing-studies-to-look-at-oklahoma-state-retirees-pensions