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Oklahoma State Question 645, State-Administered Retirement Systems Trust Amendment (1992)
| Oklahoma State Question 645 | |
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| Election date |
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| Topic Administration of government and Public employee retirement funds |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oklahoma State Question 645 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on November 3, 1992. It was approved.
A "yes" vote supported amending the Oklahoma State Constitution to require all proceeds, assets, and income of certain public retirement systems administered by state agencies be held in trust exclusively for specific purposes of benefits, refunds, investment management, and administrative expenses. |
A "no" vote opposed amending the Oklahoma State Constitution to require all proceeds, assets, and income of certain public retirement systems administered by state agencies be held in trust exclusively for specific purposes of benefits, refunds, investment management, and administrative expenses. |
Election results
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Oklahoma State Question 645 |
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| Result | Votes | Percentage | ||
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857,767 | 66.76% | ||
| No | 427,049 | 33.24% | ||
Text of measure
Ballot title
The ballot title for State Question 645 was as follows:
| “ | This measure adds a new section of the law to the State Constitution. It adds Section 12 to Article 23. It requires that all proceeds, assets and income of certain public retirement systems be held, invested or disbursed as in trust for a limited purposes. The retirement systems involved include those administered by a state agency. The limited purpose for which the funds are to be held in trust is to provide benefits, refunds, investment management and administrative expenses of any such system. The proceeds, assets and income of such retirement system shall not be used for any other purpose. | ” |
Path to the ballot
- See also: Amending the Oklahoma Constitution
A simple majority vote is required during one legislative session for the Oklahoma State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 51 votes in the Oklahoma House of Representatives and 24 votes in the Oklahoma State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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