OK SB1103

Amends Oklahoma's Teachers' Retirement System (TRS) statute to exclude compensation for clinical-related activity performed in the University of Oklahoma Health Sciences Center (OUHSC) Professional Practice Plan from regular annual compensation for retirement calculation purposes.

Clarifies the definition of "regular annual compensation" by adding specific language that clinical-related activity compensation does not qualify as compensation for TRS benefit calculations.

Effective date set for November 1, 2013, making the amendment applicable to retirement benefits calculated on or after that date.

Maintains all existing TRS provisions regarding contribution rates, retirement benefit calculations, and service credit requirements while narrowing what counts as compensation for OUHSC employees in the Professional Practice Plan.