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Oklahoma Senate proposes using $254M from teacher pensions for pay raises and education reforms without tax hikes.
Oklahoma Senate leaders have proposed redirecting $254 million from the state’s Teachers’ Retirement System—now stabilized with over $25 billion in assets—to fund teacher pay raises, literacy programs, and education reforms, without raising taxes.
The plan caps annual state TRS contributions at $200 million starting in 2027, freeing funds for a $2,500 teacher salary increase, expanded reading initiatives, and support for educators.
While Senate leaders say the move protects retirement benefits and is revenue-neutral, Democratic lawmakers warn it risks pension stability and increases funding for private school vouchers.
The proposal awaits review by the House and governor.
El Senado de Oklahoma propone usar $254M de las pensiones de los maestros para aumentos salariales y reformas educativas sin aumentos de impuestos.