The OPERS staff has prepared this summary for our members of 2016 retirement legislation. The following is a description of new legislation affecting members of the Pathfinder Plan administered by the Oklahoma Public Employees Retirement System.
Effective November 1, 2016
HB 2264 is a request bill from OPERS which amends the recently created defined contribution system, the Pathfinder Plan. The change allows participants to change their voluntary contribution levels once per month instead of only once per year. This change allows more flexibility for the participants. OPERS does not anticipate any burden on the agency or the recordkeeper in administering these changes.
There were no bills that directly impacted the OPERS defined benefit plan.