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OK HB1739
Bill
Status
2/3/2025
Primary Sponsor
Mark Chapman
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AI Summary
HB 1739 Summary
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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).
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Increases member contribution rates from 8% to 9% of actual paid base salary.
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Adds Attorney General Agents and Military Department Police Officers to positions eligible for top base salary minimum retirement benefit calculations.
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Applies provisions retroactively to members who died in the performance of their duties under Section 2-306, regardless of their service commencement date.
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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