AP: “True” Pension Reform Remains A Priority
Okla. GOP leaders say pensions, tax credits undone
By SEAN MURPHY, Associated Press
Saturday, June 1, 2013
OKLAHOMA CITY (AP) — Gov. Mary Fallin and Republican legislative leaders gave themselves high marks for the recently concluded legislative session, but acknowledge work remains on several key issues, including examining costly tax credits, shoring up the state’s underfunded pension systems and dealing with the state’s uninsured population.
Fallin, House Speaker T.W. Shannon and Senate President Pro Tem Brian Bingman all gave the 2013 session with an “A” grade because they were able to accomplish some of their top priorities, but differences between the three sides clearly emerged in the late days of the session.
The House and Senate easily passed and sent to the governor a bill that would begin overhauling the state’s pension system by allowing newly hired state workers to enroll in a defined contribution retirement plan similar to a 401(k). But Fallin vetoed that measure and promised to work with lawmakers to “create true pension reform.”
Shannon said in the waning days of the session that House members were considering a veto override, but Bingman said he didn’t support ending the session on a “sour note.” Last week, in his first meeting with reporters since the session ended, Bingman didn’t rule out the possibility of a veto override when lawmakers return next year.