Friday, May 15, 2020

Lawmakers vote to raid pension assets for benefit increase

Oklahoma lawmakers revive the tradition of “giving away COLAs in election years.”


Lawmakers voted Friday to approve an unfunded increase in state workers’ retirement benefits, a step that accelerates the ongoing financial deterioration of Oklahoma’s state pension systems and reduces current workers’ future retirement security.

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