Lawmakers begin to roll back historic pension progress

Even in normal economic years, providing a guaranteed benefit without a way to pay for it is a bad idea. It’s an especially unwise idea during the type of downturn the state and country are experiencing right now.


After a decade of replenishing the state’s retirement system, a new law is estimated to add nearly $1 billion in unfunded liability to the retirement system and does so at the worst possible time.

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from Oklahoma Council of Public Affairs Lawmakers begin to roll back historic pension progress