SENATE FLOOR VERSION - SB1601 SFLR Page 1
(Bold face denotes Committee Amendments) 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
SENATE FLOOR VERSION
March 3, 2022
AS AMENDED
SENATE BILL NO. 1601 By: Rader of the Senate
and
Bush of the House
[ county employee pension funding - maximum
contributions for certain entities - one-time lump
sum contribution in certai n circumstances - effective
date -
emergency ]
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 19 O.S. 2021, Section 954, is
amended to read as follows:
Section 954. It shall be the mandatory duty of the board of
county commissioners of any county esta blishing a retirement fund
and system to appropriate annually, for the sole use of the
retirement fund within its general fund and subject to the approval
of the county excise board, a sum w hich shall be equal to or exceed
the contributions made to the ret irement fund by the employees.
Such appropriation shall not exceed the sum of the current annual
salaries of all employees to be covered in the following
percentages:
SENATE FLOOR VERSION - SB1601 SFLR Page 2
(Bold face denotes Committee Amendments) 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
July 1, 2007 – June 30, 2008 13 1/2%
July 1, 2008 – June 30, 2009 14 1/2%
July 1, 2009 – June 30, 2010 15 1/2%
July 1, 2010 – June 30, 2019 16 1/2%
July 1, 2019 - June 30, 2020
and each year thereafter 18 1/2%
Beginning July 1, 2019, the total employer and employee
contributions shall not exceed eighteen and one-half percent (18.5%)
of the monthly compensation of each member. The governing body of
the participating employers listed in this section may vary the
percentage contribution of the employer and employee, provided the
total percentage contributed by the employer and employee equals th e
total percentage contribution required by this section. Payment of
such shall be paid to the fund upon verifie d claims by the treasurer
of the fund approved by the board of trustees and a ttested by its
clerk. For any contribution made on or after July 1, 2021, to June
30, 2022, of less than eighteen and one-half percent (18.5%), an
employer may retroactively make a one -time lump sum contribution of
an amount equal to the difference betwee n the actual total
contribution that was made and the total contri bution amount equal
to eighteen and one-half percent (18.5%).
SECTION 2. AMENDATORY 19 O.S. 2021, Section 957 -1, is
amended to read as follows:
SENATE FLOOR VERSION - SB1601 SFLR Page 3
(Bold face denotes Committee Amendments) 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Section 957-1. The county commissioners of any county
establishing a drainage district or districts, an d establishing a
county retirement system, in addition to the duties and authority
now provided by law, are hereby authorized to pay into the
retirement system of such coun ty for the use and benefit of the
employees eligible for retirement benefits, such a mounts as the said
board of county commissioners may authorize by resolution not
exceeding the current annual salaries of all employees to be covered
in the following perce ntages:
July 1, 2009 - June 30, 2010 15 1/2%
July 1, 2010 - June 30, 2011
and each year thereafter 16 1/2%
Beginning July 1, 2009, the total employer and employee
contributions shall not exceed sixteen and one -half percent (16.5%)
of the monthly compensati on of each member. Provided further, that
drainage district employees becoming qual ified by this act shall be
credited as to eligibility for the full time of their county
employment; and, provided further, in the event of retroactive
eligibility such empl oyees shall be required to pay into the
retirement system fund an amount equal to th at which would have
otherwise been paid by such employees in order to gain credit for
such time of employment. whose salaries are paid either in whole or
in part out of the drainage district funds. The total employer and
employee contributions shall not exceed the percentages of the
SENATE FLOOR VERSION - SB1601 SFLR Page 4
(Bold face denotes Committee Amendments) 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
monthly compensation of each member set forth in Section 954 of this
title.
SECTION 3. AMENDATORY 19 O.S. 2021, Sect ion 960, is
amended to read as follows:
Section 960. A. In addition to all other i tems which are now
or may hereafter be authorized to be paid from the court fund, it
shall be the mandatory duty of the governing board of the court fund
to pay annually for the sole use of the retirement system a sum
equal to the contributions made to the retirement fund by the
employees, but not to exceed the following percentages of the
current annual salaries , established in Section 954 of this title,
of all employees whose salaries are paid either in whole or in part
out of the court funds of such coun ty:.
July 1, 2009 - June 30, 2010 15 1/2%
July 1, 2010 - June 30, 2011
and each year thereafter 16 1/2%
Beginning July 1, 2009, the total employer and empl oyee
contributions shall not exceed sixteen and one-half percent (16.5%)
of the monthly compensation of each member. The total employer and
employee contributions shall not exceed the percentages of the
monthly compensation of each member set forth in Sec tion 954 of this
title.
B. It shall be the mandatory duty of the gove rning board of the
court fund to pay annually from the court fund to a county
SENATE FLOOR VERSION - SB1601 SFLR Page 5
(Bold face denotes Committee Amendments) 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
retirement system which is not a participant in the Oklaho ma Public
Employees Retirement System, the employ er's contribution for that
court reporter who pursuant to the provision s of Section 106.8 of
Title 20 of the Oklahoma Statutes , exercised his or her option to
continue as a member of the county retirement sy stem following
January 13, 1969. The contributio ns to be so paid shall be limited
to the amount provided for in subsect ion A of this section. The
provisions of this subsection shall operate retroactively to take
effect on and after January 13, 1969.
SECTION 4. AMENDATORY 19 O.S. 2021, Section 961, is
amended to read as follows:
Section 961. In addition to all other items whi ch are now or
may hereafter be authorized to be paid from the Law Library Fund, it
shall be the mandatory duty of the trustee s of the Law Library Fund
to pay annually for the sole use of the retirement system a sum
equal to the contributions made to the Retirement Fund retirement
fund by the employees, but not to exceed the following percentages
of the current annual salaries , established in Section 954 of this
title, of all employees whose salaries are paid either in whole or
in part out of the Law Library Fund of such county.:
July 1, 2009 - June 30, 2010 15 1/2%
July 1, 2010 - June 30, 2011
and each year thereafter 16 1/2%
SENATE FLOOR VERSION - SB1601 SFLR Page 6
(Bold face denotes Committee Amendments) 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Beginning July 1, 20 09, the total employer and employee
contributions shall not exceed sixteen and one -half percent (16.5%)
of the monthly compensation of each member . The total employer and
employee contributions shall not exceed the percentages of the
monthly compensation of each member set forth in Section 954 of this
title.
SECTION 5. This act shall become effective July 1, 2022.
SECTION 6. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is hereby
declared to exist, by reason whereof this act shall take effect and
be in full force from and after its passage and approval.
COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS
March 3, 2022 - DO PASS. Title stricken by Committee on Retire ment
and Insurance.