Legislative study planned on Oklahoma pensions

OKLAHOMA CITY (AP) — Oklahoma lawmakers plan to launch a legislative study into proposed changes to the state’s pension systems.

The study will be conducted Thursday by the House Economic Development and Financial Services Committee. Committee Chairman Rep. Randy McDaniel of Edmond requested the study to explore possible changes to state pension systems as well as their structure and management.

McDaniel has authored legislation in recent years that’s intended to shore up the unfunded liability of the state’s pensions by increasing the retirement age for new hires and changing how the state provides cost of living adjustments for retirees.