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OK HB2193
Bill
Status
2/3/2025
Primary Sponsor
Max Wolfley
Click for details
AI Summary
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Provides an 8% cost-of-living increase for retirees receiving less than $90,000 annually from six Oklahoma public retirement systems: Firefighters, Police, Justices and Judges, Law Enforcement, Teachers, and Public Employees
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Retirees with benefits between $90,000 and $97,199.99 receive an increase to bring their annual benefit to $97,200, effectively capping the maximum increase
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Oklahoma Firefighters Pension members receiving benefits under the older Section 49-101 formula receive specific per-year-of-service increases ranging from $8.13 to $8.46, capped at 30 years of credited service
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Benefit increases from previous cost-of-living adjustments received after June 30, 2020 are used to offset the new increases for certain pension systems
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Effective date is November 1, 2025, applying to members receiving benefits as of June 30, 2025 who continue receiving benefits on or after July 1, 2025
Legislative Description
Public retirement systems; cost-of-living increases; Firefighters Pension and Retirement System; Police Pension and Retirement System; Uniform Retirement System for Justices and Judges; Law Enforcement Retirement System; Teachers' Retirement System; Public Employees Retirement System; codification; effective dates; contingent effective dates; emergency.
Last Action
Emergency added
2/19/2026