OK HB1427

Increases the maximum monthly health insurance subsidy paid by Oklahoma Teachers' Retirement System from approximately $100-105 to $200-205, depending on years of service and average salary.

Changes the effective date for the increased subsidy amounts from July 1, 2000 to July 1, 2011.

Applies to retired teachers and vested members who elect to continue health insurance coverage through the Teachers' Retirement System of Oklahoma.

Declares the bill an emergency measure, allowing it to take effect immediately upon passage and approval rather than waiting for the standard effective date.