Retired and active teachers had the pleasure of watching Governor Brad Henry sign Senate Bill 357 by Senator Johnnie Crutchfield (D-Ardomore) and representative Chris Benge (R-Tulsa). The bill will increase the employer contribution rates resulting in the retirement system being 80% funded by 2026.
SB 357 will provide income for the OTRS without taking money from the school lands trust.
On behalf of all those in the system, I want to say "Thank You" to our legislators and Governor Henry for addressing the needs of the system.
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