{"id":1937,"date":"2011-11-11T09:33:04","date_gmt":"2011-11-11T15:33:04","guid":{"rendered":"http:\/\/stateimpact.npr.org\/oklahoma\/?p=1937"},"modified":"2011-11-11T09:33:04","modified_gmt":"2011-11-11T15:33:04","slug":"debts-down-assets-up-pension-committee-chairman-says","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/oklahoma\/2011\/11\/11\/debts-down-assets-up-pension-committee-chairman-says\/","title":{"rendered":"Debts Down, Assets Up, Pension Committee Chairman Says"},"content":{"rendered":"<div id=\"attachment_1938\"  class=\"wp-caption module image right\" style=\"max-width: 300px;\"><a class=\"fancybox\" title=\"caption\" href=\"http:\/\/stateimpact.npr.org\/oklahoma\/files\/2011\/11\/randy-mcdaniel.jpg\" rel=\"\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1938\" title=\"randy-mcdaniel\" src=\"http:\/\/stateimpact.npr.org\/oklahoma\/files\/2011\/11\/randy-mcdaniel.jpg\" alt=\"\" width=\"300\" height=\"450\" srcset=\"https:\/\/stateimpact.npr.org\/oklahoma\/files\/2011\/11\/randy-mcdaniel.jpg 300w, https:\/\/stateimpact.npr.org\/oklahoma\/files\/2011\/11\/randy-mcdaniel-100x150.jpg 100w, https:\/\/stateimpact.npr.org\/oklahoma\/files\/2011\/11\/randy-mcdaniel-200x300.jpg 200w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p class=\"wp-media-credit\">Oklahoma House of Representatives<\/p>\n<p class=\"wp-caption-text\">State Rep. Randy McDaniel, R-Oklahoma City, said the state the debts of state pensions are decreasing while its assets are growing.<\/p>\n<\/div><p>Oklahoma\u2019s pension debt has been reduced by $5.5 billion thanks to new measures signed into law this year, a state lawmaker said Thursday.<\/p><p>The unfunded liability of all state pension plans has fallen to $10.6 billion from more than $16 billion in less than a year, said Rep. Randy McDaniel, <a href=\"http:\/\/newsok.com\/new-oklahoma-laws-credited-with-improving-state-pensions-fiscal-shape\/article\/3622054?custom_click=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Newsok%2FNews%2FPolitics+%28NewsOK.com+RSS+-+news+%3E%3E+politics%29&utm_content=Google+Reader\">according to<\/a> <em>The Oklahoman<\/em>.<\/p>\n<blockquote><p>\u201cThe reforms are making a meaningful difference,\u201d said McDaniel, R-Oklahoma City. \u201cAt a time when nations in Europe, as well as other states in our country, struggle to even address their structural debt problems, Oklahoma&#8217;s financial condition is already exhibiting remarkable improvement.\u201d<\/p><\/blockquote><p><!--more-->McDaniel, chairman of the House Pension Oversight Committee, worked on the pension legislation that was passed this year.<\/p><p>Measures signed into law this year included a mandate of full funding of cost-of-living adjustment increases, increased retirement age for judges, teachers, elected officials and public employees, <em>The Oklahoman<\/em>\u2019s Michael McNutt reported.<\/p><p>McDaniel said the state\u2019s major pension plans increased more than $3.5 billion in the past year and now have $21.5 billion in assets, according to <em>The Oklahoman<\/em>.<\/p>\n<blockquote><p>The combination of a reduced unfunded liability and asset growth has improved the integrated ratio of Oklahoma state pensions from 56 percent to 67 percent, McDaniel said.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Oklahoma\u2019s pension debt has been reduced by $5.5 billion thanks to new measures signed into law this year, a state lawmaker said Thursday.The unfunded liability of all state pension plans has fallen to $10.6 billion from more than $16 billion in less than a year, said Rep. Randy McDaniel, according to The Oklahoman. \u201cThe reforms [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":1938,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[15],"tags":[185,186],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/1937"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/comments?post=1937"}],"version-history":[{"count":0,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/1937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/media\/1938"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/media?parent=1937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/categories?post=1937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/tags?post=1937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}