Okla. pension bill gets vetoed by governor

05/14/2013 | Business Insurance (tiered subscription model)

A pension bill in Oklahoma that would have given new state workers the choice of entering a defined-contribution plan or the state pension system has been vetoed by the Gov. Mary Fallin. The bill "has negligible savings for state government and gives the false and damaging impression that significant action is being taken to address the state's unfunded liability," a spokesman for Fallin said in a statement.

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