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OK SB454
Bill
AI Summary
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Removes post-retirement earnings limitations for retired teachers working in Oklahoma public schools, allowing them to earn unlimited income without reduction in retirement benefits
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Retains the 60-day waiting period requirement between a retiree's last day of pre-retirement employment and any post-retirement public school employment
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Maintains the existing exception for classified or nonclassified members retired 36 or more months, who already could earn unlimited income without benefit reduction
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Public school districts must continue making required contributions to the Teachers' Retirement System for any retired members they employ
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Effective date: November 1, 2015
Legislative Description
Teachers' Retirement System; modifying provisions related to post retirement earnings limitation. Effective date.
Last Action
coauthored by Casey (principal House author)
2/19/2015