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OK HB1182
Bill
Status
2/3/2025
Primary Sponsor
David Hardin
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AI Summary
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Authorizes membership in the Oklahoma Law Enforcement Retirement System (OLERS) for active commissioned or CLEET-certified agents hired by the Council on Law Enforcement Education and Training (CLEET) on or after July 1, 2025
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Requires these CLEET agents to contribute to OLERS rather than the Oklahoma Public Employees Retirement System, though they may still participate in state deferred compensation and deferred savings incentive plans
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Amends the Oklahoma Pension Legislation Actuarial Analysis Act to classify this membership change as a "nonfiscal retirement bill," exempting it from actuarial impact analysis requirements
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Declared a nonfiscal bill by the Legislative Actuary, meaning no significant cost or funding impact to the retirement system
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Includes an emergency clause with immediate effectiveness upon signature; without emergency approval, Section 1 takes effect October 1, 2025, and Sections 2-3 take effect November 1, 2025
Legislative Description
Public retirement systems; Oklahoma Pension Actuarial Analysis Act; Oklahoma Law Enforcement Retirement System; definition; membership; Council on Law Enforcement Education and Training; codification; effective dates; emergency.
Last Action
Referred to Actuary pursuant to the Oklahoma Pension Legislation Actuarial Analysis Act
2/19/2025