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Committee passes cleanup bill to align OLER with updated IRS rules
Summary
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.
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.
Senator Dale Albert, explaining the bill, said, “House bill 10 27 is a cleanup bill that assures Oler's system is in compliance with IRS codes as amended. It does not add positions. It does not increase benefit.” The committee took no substantive amendments.
The committee recorded a voice motion of "do pass" from Vice Chair Bergstrom with a second from Chairman Bullard. The clerk called the roll and the chair announced the result as 6 ayes, 0 nays; the chair declared House Bill 1027 passed out of committee.
The measure, as explained in committee, updates statutory definitions to reflect amended federal tax rules and contains no spending increases or new staff, according to the bill sponsor’s explanation.
No public comment or additional committee directions were recorded during the segment on this bill. The committee advanced the bill to the next stage in the Senate process.
