HB 1160 | Allocates funds for Teacher Retirement Credit. |
| Status: Governor signed 4/24/2003; effective 7/1/2003 |
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HB 1278 | Lottery Bill; establishes lottery to fund education; 5% of the proceeds would go to the Teachers’ Retirement System Dedicated Revenue Revolving Fund.
Status: Legislative referendum sent to Secretary of State 4/10/2003 |
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HB 1362 | Changes vesting from 10 to 5 years; provides a small interest payment to members if a member terminates with fewer than 7 years of membership & withdraws contributions; makes TRS membership optional for OU & OSU employees who are age 45 & older when they are first employed at those universities and/or their constituent agencies; allows TRS Board of Trustees to establish a disability option similar to the 100% joint survivor benefit, which would let a disabled member choose a reduced benefit to protect his or her spouse.
Status: Governor signed 5/29/2003; effective 7/1/2003 |
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HB 1415 | Provides that superintendents of the Oklahoma School for the Blind in Muskogee & the Oklahoma School for the Deaf in Sulphur will be unclassified state employees, eligible but not required to join TRS; specifies hiring of instructional & administrative personnel for these schools, and provides for their membership in TRS.
Status: Governor signed 4/16/2003; effective 7/1/2003 |
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HB 1440 | Partial Lump Sum Option (PLSO) plan; lets retiring members with at least 30 years of service choose an up-front lump sum payment equal to 12, 24, or 36 months of retirement benefits & then receive a reduced monthly check for life.
Status: Governor signed 5/29/2003; effective 7/1/2003 |
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SB 4 | Requires TRS to provide members with applications to join retired teacher organizations with at least 1,000 members; organizations to provide applications to TRS.
Status: Governor signed 5/23/2003; effective 7/1/2003 |
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SB 0216 | Allows school districts to share personnel, with each district paying a pro rata share of TRS cont
Status: Governor signed 6/9/2003; effective 7/1/2003 |
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SB 409 | Requires feasibility study by TRS & other retirement systems concerning payment of retiree healthcare costs; study report due by November 1, 2003.
Status: Governor signed 5/26/2003; effective upon Governor's signature. |
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SB 414 | RS retirees cannot enroll in the state health insurance plan if they did not participate in the plan while employed or if the school did not participate.
Status: Governor signed 4/28/2003; effective 7/1/2003 |
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SB 643 | Increases to 12 years (from 8) the maximum time TRS members absent from teaching because they are education association officers can retain their TRS memberships & earn service credits for those years, if employee & employer contributions are paid during that time.
Status: Governor signed 6/7/2003; effective 1/1/200 |
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