Mayor Bartlett Proposes Pension Reform For Future City Workers - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Mayor Bartlett Proposes Pension Reform For Future City Workers

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Mayor Dewey Bartlett's recommending the city reform its pension system. Mayor Dewey Bartlett's recommending the city reform its pension system.
TULSA, Oklahoma -

Mayor Dewey Bartlett's recommending the city reform its pension system.

In the last decade, the pension plan for non-sworn employees has gone from fully-funded to a $100 million liability.

The mayor and a committee that studied the pension plan wants the city to move towards a 401(k) style plan, rather than the current pension system. But it would only impact future employees of the city, not the 2,500 who are working toward a pension now.

"They were hired with the pension plan of a specific nature and it's not out intention to make that any different than the expectation when they were hired," Bartlett said.

The change would not impact police or fire pensions, which are separate from those the city provides.

Read more info on pension reform

7/19/2012 Related Story: Tulsa Mayor Announces New Pension Review Committee

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