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OK HB1245
Bill
Status
2/3/2025
Primary Sponsor
Judd Strom
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AI Summary
HB1245 Summary
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Expands retirement benefits for CLEET-certified law enforcement agents employed by the Department of Human Services Office of Inspector General hired on or after July 1, 2025, making them eligible for the 2.5% retirement multiplier and 20-year vesting provisions under the Oklahoma Public Employees Retirement System.
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Allows agents hired prior to July 1, 2025, to elect retroactive application of the enhanced 2.5% retirement benefit for service prior to that date or to purchase prior service credit, with an election deadline of December 31, 2025.
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Extends survivor pension benefits to beneficiaries of deputy sheriffs and county jailers hired before November 1, 2020, and law enforcement agents hired after July 1, 2025, who are killed or mortally wounded in the performance of duties, providing 2.5% of final average compensation multiplied by 20 years of service divided by 12.
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Increases employee contribution rates to 8% of allowable compensation for CLEET-certified law enforcement agents employed by the Department of Human Services Office of Inspector General and deputy sheriffs/jailers hired beginning November 1, 2024.
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Effective July 1, 2025, with an emergency clause declaring immediate effect upon passage and approval.
Legislative Description
Retirement; Oklahoma Public Employees Retirement System; term; retirement benefit computation; monthly pension; references; employee contributions; effective date; emergency.
Last Action
Referred to Actuary pursuant to the Oklahoma Pension Legislation Actuarial Analysis Act
2/19/2025