SB 618 Summary

• Establishes minimum salary schedules for Oklahoma public school teachers beginning with the 2017-2018 school year, with salaries ranging from $32,864 (bachelor's degree, 0 years experience) to $47,840 (master's degree, 25+ years experience).

• Creates a second salary schedule effective 2018-2019 school year with higher minimum salaries, ranging from $34,128 to $49,680 depending on degree level and years of experience.

• Provides a 4% salary increase for teachers with 26 or more years of experience upon the effective date of the act, applied to their current compensation rate.

• Defines "fringe benefits" to include retirement benefits while excluding specific contributions under Oklahoma Statutes Sections 17-108.1 and 26-105.

• Allows the State Board of Education to recognize up to 5 years of out-of-state/out-of-country teaching experience and military service for salary increment purposes, while permitting individual school districts to credit additional years on their own schedules.