OK HB2533

Establishes detailed minimum salary schedules for Oklahoma public school teachers from 2015-2016 through 2021-2022, with annual increases ranging from $31,600 to $53,725 depending on degree level and years of experience

Starting salary for teachers with a Bachelor's degree increases from $31,600 (2015-2016) to $36,600 (2020-2021), with the highest salary reaching $50,050 for 30 years of experience

Beginning with 2021-2022, ties future minimum salary increases to 90% of the Consumer Price Index for Urban Wage Earners (CPI-W), with salary decreases limited to 25% of any CPI-W decline

Suspends automatic salary adjustments if the General Revenue Fund certification declines by more than 5%, resuming only after a 2% increase is reported at the December Board of Equalization meeting

Requires apportioned income tax revenues to fund the minimum salary schedule adjustments before other revenue distributions