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OKC deferred compensation board approves merger of COPPA plans into city plan
Summary
The Oklahoma City Deferred Compensation Board voted at a brief special meeting Sept. 30 to merge the Central Oklahoma Transportation Parking Authority plans, including the COPPA 457 deferred compensation plan, into the City of Oklahoma City deferred compensation plan effective December 2025 or as administratively feasible.
The Oklahoma City Deferred Compensation Board approved a resolution Sept. 30 to merge the Central Oklahoma Transportation Parking Authority plan and the COPPA 457 deferred compensation plan into the City of Oklahoma City deferred compensation plan, effective December 2025 or as administratively feasible.
The action came at a brief special meeting called to order at 1:00 p.m. by an Unidentified Speaker who outlined Item 2(a), describing the merger and saying related approvals had been taken at a prior meeting but that "COPPA had to take action" before the board could finalize its approval. The speaker said COPPA has now acted and that retirement system staff and COPPA staff can proceed to complete the consolidation.
The Unidentified Speaker moved "a tandem motion for approval," and immediately announced, "And the item passes," indicating the board approved the resolution. The transcript does not include a roll-call vote or a numerical tally of yes/no/abstain votes.
The board also used the short meeting to introduce a new member, Larry Ponder, whom the Unidentified Speaker welcomed to the board. No members of the public signed up for comment, and the meeting was adjourned at 1:02 p.m.
The resolution sets the merger to take effect in December 2025 or when administratively feasible; the transcript does not specify an exact effective date, a vote tally, or further implementation steps. The approval authorizes retirement system staff and COPPA staff to complete the administrative work necessary for consolidation.
