Court Opinion

ID: 3789897
Source: CourtListenerOpinion
Date Created: 2016-07-06 07:37:55.481171+00
Date Added: 2024-06-11T09:23:23.727423
License: Public Domain

OPINION — AG — **** TEACHERS' RETIREMENT — ACCOUNT — INTEREST **** A LEGISLATURE IS NOT BOUND BY ITS OWN ACTS OR THE ACTS OF A PREVIOUS LEGISLATURE, AND ANY AMENDMENTS OF LEGISLATURE OF A PREVIOUS LEGISLATURE IS VALID. WHERE A TEACHER BECAME A MEMBER OF THE TEACHERS' RETIREMENT SYSTEM INTEREST WAS CREDITED TO THE INDIVIDUAL'S ACCOUNT ANNUALLY, THE LEGISLATURE COULD AT A LATER DATE AMEND THE LAW TO PROVIDE THAT THE INTEREST WOULD NOT BE CREDITED TO THE INDIVIDUAL'S ACCOUNT ANNUALLY. CITE: 70 O.S. 1968 Supp. 17-7 [70-17-7] DUANE LOBAUGH