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| 3 | - | ENGR. S. B. NO. 434 Page 1 1 | |
| 3 | + | SENATE FLOOR VERSION – SB434 SFLR Page 1 | |
| 4 | + | (Bold face denotes Co mmittee Amendments) 1 | |
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| 29 | + | SENATE FLOOR VERSION | |
| 30 | + | February 7, 2023 | |
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| 33 | - | Lepak of the House | |
| 33 | + | SENATE BILL NO. 434 By: Montgomery | |
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| 38 | 39 | An Act relating to public retirement syst ems; | |
| 39 | 40 | directing systems to promulgate certain rules; | |
| 40 | 41 | providing for codification; and providing an | |
| 41 | 42 | effective date. | |
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| 46 | 47 | BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: | |
| 47 | 48 | SECTION 1. NEW LAW A new section of law to be codified | |
| 48 | 49 | in the Oklahoma Statutes as Section 945 of Title 74, unless there is | |
| 49 | 50 | created a duplication i n numbering, reads as follows: | |
| 50 | 51 | Each state retirement system, including the Oklahoma Public | |
| 51 | 52 | Employees Retirement System, Uniform Retirement System for Justices | |
| 52 | 53 | and Judges, Teachers ’ Retirement System of Oklahoma, Oklahoma | |
| 53 | 54 | Firefighters Pension and Retirement System, Oklahoma Law Enforcement | |
| 54 | 55 | Retirement System, and Oklahoma Police Pension and Retirement | |
| 55 | 56 | System, shall adopt any administrative rules deemed necessary by the | |
| 56 | 57 | system to ensure compliance with regulatory requirements of the | |
| 57 | 58 | Internal Revenue Service. | |
| 58 | 59 | SECTION 2. This act shall become effective November 1, 2023. | |
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| 60 | - | ENGR. S. B. NO. 434 Page 2 1 | |
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| 85 | - | Passed the Senate the 14th day of March, 2023. | |
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| 89 | - | Presiding Officer of the Senate | |
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| 92 | - | Passed the House of Representatives the ____ day of __________, | |
| 93 | - | 2023. | |
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| 97 | - | Presiding Officer of the House | |
| 98 | - | of Representatives | |
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| 60 | + | COMMITTEE REPORT BY: COMMITTEE ON RETIREMENT AND INSURANCE | |
| 61 | + | February 7, 2023 - DO PASS |