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OK HB1245
Bill
Status
2/3/2025
Primary Sponsor
Judd Strom
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AI Summary
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Adds CLEET-certified law enforcement agents employed by the Department of Human Services Office of Inspector General to the Oklahoma Public Employees Retirement System with enhanced benefits beginning July 1, 2026
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These agents qualify for normal retirement after 20 years of full-time service and receive a 2.5% retirement benefit multiplier (compared to standard 2%) for their years of service
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Agents hired before July 1, 2026 may elect by December 31, 2026 to receive the enhanced 2.5% multiplier for prior service upon payment of actuarial cost
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Employee contribution rate set at 8% of compensation for these law enforcement agents, matching rates for similar positions (correctional officers, firefighters, deputy sheriffs)
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Surviving spouses and children of agents killed or mortally wounded in the line of duty on or after July 1, 2026 qualify for monthly survivor pension benefits
Legislative Description
Retirement; Oklahoma Public Employees Retirement System; term; retirement benefit computation; monthly pension; references; employee contributions; effective date; emergency.
Last Action
CR; Do Pass, amended by committee substitute Government Oversight Committee
3/3/2026