Senate Bill 11 Summary

• Grants a 5% increase in benefits to all persons receiving benefits from the Teachers' Retirement System of Oklahoma as of June 30, 2025, who continue to receive benefits after the act's effective date.

• Creates new codified section 17-116.23 of Title 70 of the Oklahoma Statutes to establish the benefits increase provision.

• Applies retroactively to current benefit recipients, requiring the increase for those already receiving payments as of the June 30, 2025 date.