Committee passes cleanup bill to align OLER with updated IRS rules
The Oklahoma Senate Retirement and Government Affairs Committee gave unanimous approval to House Bill 1027, a technical cleanup bill to align the Office of Legislative Employee Retirement (OLER) with changes to IRS codes; the bill does not add positions or increase benefits.
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House Bill 1027, described as a technical cleanup measure to ensure the state’s retirement system complies with recent changes to Internal Revenue Service rules, passed the Oklahoma Senate Retirement and Government Affairs Committee by voice vote.
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