OK SB123

Doubles the post-retirement earnings limit for retired teachers under age 62 from $15,000 to $30,000 annually when working in Oklahoma public schools performing classified or nonclassified duties

Removes the mandatory 60-day waiting period between a retiree's last day of pre-retirement employment and any post-retirement public school employment

Maintains existing limits for retirees age 62 and older at $30,000 or one-half of final average salary, whichever is less

Preserves the exemption allowing retired members with 36+ months of retirement to earn unlimited income from public school employment without benefit reduction

Effective date of November 1, 2015