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2012
Legislative
Goals

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  • Ensure adequate actuarial funding for the Teachers' Retirement System.

  • Protect and improve the Teachers’ Retirement System (TRS) defined benefit plan design.
  • Achieve TRS cost-of-living benefits adjustment (COLA) comparable to other state retirement systems.

  • Identify and secure sources of dedicated funding for establishment of a permanent State Retirement Systems Cost-of-Living Benefits Adjustment Revolving Fund.

  • Increase the TRS health insurance premium subsidy for retired educators.

  • Provide individual retirees the option to enroll/re-enroll in state-sponsored health insurance programs after initial retirement upon occurrence of a qualifying event.

  • Monitor changes in law at the state and federal levels to ensure high quality health insurance offerings to retired educators at an affordable cost.

  • Increase from $5,000 to $7,500 the death benefit payable to beneficiaries of retired educators.

  • Protect the state’s revenue base by balancing any tax cuts with corresponding withdrawals of tax credits.

  • Provide a one-time “catch up” benefits improvement to qualifying retired educators living at or below the poverty level, and who meet years of service criteria.

  • Support adequate state funding for public education at all levels.

  • Expand by one member the Board of Trustees of the Teachers’ Retirement System, the new member to be designated by the Oklahoma Retired Educators Association.