State Workers

Oklahoma Guts Pension Plans to Pay for Oil and Gas Industry Tax Cuts

Oklahoma Guts Pension Plans to Pay for Oil and Gas Industry Tax Cuts
Gov. Mary Fallin has signed into law a bill that ends pensions for new state employees under the Oklahoma Public Employees Retirement System, moving new hires into 401(k)-styled plans that don't offer a guaranteed benefit. The only question now is what's next when it comes to cutting state pension plans in Oklahoma?
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