OKLAHOMA CITY— With unfunded liabilities on government pensions somewhere between $11.5 billion and $44.1 billion, the Oklahoma Legislature watered down and passed a bill that took small steps at reform.
House Bill 2630 is directed at maintaining full pension benefits for government workers hired in late 2015 and thereafter.
Gov. Mary Fallin, who is expected to sign the bill, and its principal author, Rep. Randy McDaniel, R-Oklahoma City, were tempered in their assessment of the bill’s ability to reduce the threat to future pensions.
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