Judge grants temporary injunction against the Energy Discrimination Elimination Act saying it could affect OPERS’ ‘financial soundness.’
The complaint claims the 2022 law not only violates the US and Oklahoma constitutions, but that that the financial costs to the state are ‘monumental.’
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.
Fee savings not enough for CIO Paul Greff to continue effort to enlist newcomer firms.
Deputy CIO replaces Rick Shafer who is retiring.
Two funds will be created to help reduce the state’s $25 billion in unfunded liabilities.