OK SB1568

Full-time certified teachers receive $2,500 annual compensation increase for school years 2017-2018 through 2021-2022, with funding split between Tobacco Settlement Endowment Trust Fund earnings and state appropriations.

Establishes minimum salary schedule for Oklahoma public school teachers beginning 2022-2023, ranging from $34,100 (Bachelor's degree, 0 years experience) to $48,500 (Doctor's degree, 25 years experience).

Defines "fringe benefits" as retirement benefits excluding certain employee and flexible benefit allowance contributions.

State Board of Education must accept teaching experience from accredited out-of-state school districts and recognize experience of teachers in correctional facilities, vocational rehabilitation counselors, and school psychologists meeting specified criteria.

Limits credit for military service and out-of-state teaching experience to 5 years for state salary purposes, though school districts may credit additional years on local schedules; minimum salary schedule does not apply to retired teachers working in postretirement positions.