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OK HB1739

Bill

Status

Introduced

2/3/2025

Primary Sponsor

Mark Chapman

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Origin

House of Representatives

2025 Regular Session

AI Summary

HB 1739 Summary

  • Increases employer contribution rates to the Oklahoma Law Enforcement Retirement System from 11% to a phased schedule: 12.5% (7/1/2025), 13.5% (7/1/2026), 14.5% (7/1/2027), 15.5% (7/1/2028), and 16.5% (7/1/2029 and thereafter).

  • Increases member contribution rates from 8% to 9% of actual paid base salary.

  • Adds Attorney General Agents and Military Department Police Officers to positions eligible for top base salary minimum retirement benefit calculations.

  • Applies provisions retroactively to members who died in the performance of their duties under Section 2-306, regardless of their service commencement date.

  • Effective July 1, 2025, with emergency clause for immediate enactment.

Legislative Description

Retirement; Oklahoma Law Enforcement Retirement System; contribution; top base salary; benefit computation; effective date; emergency.

Last Action

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

4/8/2025

Committee Referrals

Banking, Financial Services and Pensions2/17/2025
Government Oversight2/17/2025
Rules2/4/2025

Full Bill Text

No bill text available