Okla. House OKs defined contribution pension bill

2014-03-13T22:10:36-07:00March 13th, 2014|Categories: 401(k)|Tags: , , |

Many new state workers would have 401(k)-style retirement plans rather than traditional public employee pension plans under a measure the Oklahoma House passed on Tuesday. The House approved the measure 57-42 and sent it to the state Senate, which has already passed similar legislation. House members also voted 90-0 for a bill that would give many state workers their first pay raise in seven years and revamp state worker compensation. Legislative leaders have said the measure is intertwined with [...]