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Gov Signs Pension Bill

Governor Mary Fallin on Friday signed House Bill 2630 that moves future state employees to a 401k-style retirement plan. It does not change the pension system for current employees or retirees and it does not include police officers, firefighters or teachers. "This bill allows flexibility for future state employees to take the money they have accrued if they change careers," said Fallin. "That helps us to make state employment more attractive and aids in recruitment." The change will affect employees hired after November 1, 2015 who are part of the Oklahoma Public Employees Retirement System.

 

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