Local & Regional
Sat April 27, 2013
Fallin Signs Oklahoma Firefighters Pension Bill
OKLAHOMA CITY (AP) — Gov. Mary Fallin has signed a bill designed to shore up the unfunded liability of Oklahoma's pension system for firefighters.
The bill was one of a dozen measures signed by Fallin on Friday.
Among the key changes for newly hired firefighters is that to become eligible for retirement benefits, they must be at least 50 years old and have worked for 22 years, instead of the current 20 years. New firefighters also would not become vested until they've worked for 11 years, instead of the current 10 years.
The bill also increases the amount that firefighters, municipalities and the state pay into the system each year.
Fallin also signed bills relating to substance abuse treatment, lottery proceeds, used motor vehicle licenses, jury duty and fireworks.