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OK HB1182

Bill

Status

Introduced

2/3/2025

Primary Sponsor

David Hardin

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Origin

House of Representatives

2025 Regular Session

AI Summary

  • Modifies the definition of "nonfiscal retirement bill" under the Oklahoma Pension Actuarial Analysis Act to include bills authorizing membership in the Oklahoma Law Enforcement Retirement System for active commissioned or CLEET-certified agents of the Council on Law Enforcement Education and Training.

  • Adds active commissioned or CLEET-certified agents hired by the Council on Law Enforcement Education and Training on or after the effective date to the list of members eligible to participate in the Oklahoma Law Enforcement Retirement System.

  • Requires CLEET agents hired on or after July 1, 2025, to participate in and contribute to the Oklahoma Law Enforcement Retirement System instead of the Oklahoma Public Employees Retirement System (except for optional deferred compensation and savings incentive plans).

  • Designates the Council on Law Enforcement Education and Training as a participating employer in the Oklahoma Law Enforcement Retirement System for its commissioned or CLEET-certified agents.

  • Establishes varying effective dates: Section 1 effective immediately upon Governor's signature, Sections 2 and 3 effective July 1, 2025 (or November 1, 2025 if emergency clause not approved).

Legislative Description

Public retirement systems; Oklahoma Pension Actuarial Analysis Act; Oklahoma Law Enforcement Retirement System; definition; membership; Council on Law Enforcement Education and Training; codification; effective dates; emergency.

Last Action

Referred to Actuary pursuant to the Oklahoma Pension Legislation Actuarial Analysis Act

2/19/2025

Committee Referrals

Banking, Financial Services and Pensions2/4/2025
Government Oversight2/4/2025

Full Bill Text

No bill text available