Thursday, May 21, 2020

Lawmakers raid pension assets for benefit increase

Last Friday, Oklahoma lawmakers approved an unfunded increase in state workers’ retirement benefits. This decision accelerates the ongoing financial deterioration of the state's pension systems and reduces current workers’ future retirement security. Sen. Marty Quinn questioned, "Why are we taking the same financial destructive path of previous administrations?"


Lawmakers voted Friday to approve an unfunded increase in state workers’ retirement benefits.

(Feed generated with FetchRSS)

from Oklahoma Council of Public Affairs Lawmakers raid pension assets for benefit increase