Tuesday, July 15, 2025
54.0°F

House OKs cost-of-living increase for public pensioners

The Associated Press | Hagadone News Network | UPDATED 5 years, 4 months AGO
by The Associated Press
| March 10, 2020 4:24 PM

OKLAHOMA CITY (AP) — Most retired school teachers, firefighters and other public workers would receive their first pension increase in 12 years under a bill that sailed through the Oklahoma House on Tuesday.

Members voted 99-0 for the bill to give a 4% cost-of-living allowance, or COLA, to about 85% of public retirees. Under the bill's tiered approach, those who retired between two and five years ago would see a 2% boost, while those retired for less than two years would get no increase.

Medical insurance, prescription drugs and utilities have all increased dramatically in the last decade, said retired mental health worker Dixie Jackson of Norman.

"Other retirees have had to get other jobs to pay for these things," she said. “That's not retirement.”

The bill now heads to the Senate, where lawmakers have been more cautious about the impact a cost-of-living allowance will have on the solvency of the state's pension systems.

Senate President Pro Tem Greg Treat said this week he personally supports the tiered approach, but there's not a consensus among Senate Republicans.

Oklahoma's pension systems were among the worst-funded in the nation about a decade ago, when lawmakers approved a new law requiring any COLAs to be fully funded. That change improved the health of the pension systems but also left retirees without a pay hike to cover rising costs.

MORE IMPORTED STORIES

House OKs cost-of-living increase for public pensioners
Columbia Basin Herald | Updated 5 years, 4 months ago
Legislature passes bills to boost Medicaid funding
Columbia Basin Herald | Updated 5 years, 2 months ago
Legislature passes bills to boost Medicaid funding
Columbia Basin Herald | Updated 5 years, 2 months ago

ARTICLES BY THE ASSOCIATED PRESS

September 9, 2021 12:03 a.m.

The Latest: US helped family escape Afghanistan overland

WASHINGTON — The United States is confirming for the first time that it has helped a U.S. citizen and family members to escape Afghanistan through an overland route to a neighboring country.

September 8, 2021 12:03 a.m.

The Latest: US helped family escape Afghanistan overland

WASHINGTON — The United States is confirming for the first time that it has helped a U.S. citizen and family members to escape Afghanistan through an overland route to a neighboring country.

September 8, 2021 12:03 a.m.

The Latest: Top Republican says Taliban holding Americans

WASHINGTON — The top Republican on the House Foreign Affairs Committee says some Americans who have been trying to get out of Afghanistan since the U.S. military left are sitting in airplanes at an airport ready to leave but the Taliban are not letting them take off.