Oklahoma Pension Legislation Actuarial Analysis Act; definition; Oklahoma Public Employees Retirement System; definitions; term; effective dates.

Also relevant to:Senior (65+, Medicare/SS)

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Plain-English Summary

This bill modifies definitions within the Oklahoma Pension Legislation Actuarial Analysis Act and the Oklahoma Public Employees Retirement System. It changes the definition of "military service" to include service performed under federal draft laws, as a reservist or National Guard member ordered to duty, or as a result of voluntarily entering active duty. These changes affect how military service is credited for retirement benefits for members of the Oklahoma Public Employees Retirement System.

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