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Oklahoma County board moves $500,000 from forfeiture account to defined‑benefit fund; receives reports and accepts retirements
Summary
The Oklahoma County board approved transferring $500,000 from the county forfeiture account into the defined‑benefit pension account, received a forfeiture account report showing a $1.3 million balance before the transfer, accepted two retirements and received five quarterly defined‑benefit reports for the record.
Oklahoma County commissioners approved moving $500,000 from the county’s forfeiture account into the defined‑benefit pension account and received a series of routine financial and personnel reports at their meeting.
A staff member summarized the county’s forfeiture account balance at the end of January as $1.3 million and noted the county moved $300,000 from the same account to the defined‑benefit plan last August. "Our balance is $1.3 million," the staff member said. After the board approved the $500,000 transfer, the staff member said the forfeiture account balance would fall to $882,000.
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