Employee Retirement System Ordinance Amendments
At a glance
Based on auto-generated captions; names and numbers may be misheard.
- What: ordinance amending chapter 40 of the municipal code (employee retirement system), introduced 2026-10-13.
- Where it stands: introduced unanimously.
- Next: final hearing October 27, 2026; changes effective January 1, 2027 if approved.
Changes described by Amy Madera
- Update actuarial and mortality assumptions.
- Add employees of the McGee Creek Authority to the city's money purchase plan and 457 plan.
- Public trusts that participate must contribute the same percentage the city does.
- Keep the $5,000 surviving-spouse death benefit but drop the 20-day notification limit.
- Move the consumer price index measurement timing and clarify board trustee appointment language.
From the video (2026-10-27)
2026-10-27 - City Council: Council gave final approval to the personnel and retirement systems ordinance updates, unanimously.
Sources
- 2026-10-13 - City Council
- https://okc.primegov.com/Public/CompiledDocument?meetingTemplateId=68512&compileOutputType=1
Discussion time
About 3 minutes across 1 meeting (from transcript timestamps; approximate).
| Meeting | Minutes |
|---|---|
| 2026-10-13 - City Council | 3 |
Log
- 2026-10-13 - City Council - Amy Madera explained the amendments; introduced unanimously for an October 27 final hearing.