Senate Bill 182 Summary

• Amends the Oklahoma Public Employees Retirement System (OPERS) to expand normal retirement eligibility for law enforcement agents and resident care specialists, allowing them to retire after 20 years of service with a 2.5% multiplier starting on the effective date of the act.

• Adds deputy sheriffs and county jailers employed before November 1, 2020, to the list of law enforcement personnel eligible for death benefits under OPERS, effective November 1, 2024.

• Extends death benefit provisions to law enforcement agents certified by CLEET employed by the Department of Human Services Office of Inspector General and Resident Care Specialists employed by the Office of Juvenile Affairs, providing their beneficiaries with survivor benefits.

• Increases employee contribution rates to 8% for law enforcement agents at the Department of Human Services Office of Inspector General and Resident Care Specialists at the Office of Juvenile Affairs, matching rates for other specialized law enforcement personnel.

• Updates statutory language and references throughout the OPERS statutes, including clarifications on elections for prior service credit purchases and benefit calculations for various agency divisions.