OK SB1591

Amends 74 O.S. 2001, Section 902 to modify the definition of "normal retirement date" for members of the Oklahoma Public Employees Retirement System.

Changes the normal retirement age and service requirement for members who became members after June 30, 1992 from age plus service totaling 90 to totaling 85.

Maintains existing normal retirement provisions for members who became members before July 1, 1992 (age 62 or age plus service equaling 80).

Preserves special retirement provisions for correctional officers, probation and parole officers, firefighters, fugitive apprehension agents, and certain higher education employees.

Effective July 1, 2010, with emergency declaration for immediate implementation.