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OK HB2288
Bill
Status
3/17/2025
Primary Sponsor
Kyle Hilbert
Click for details
AI Summary
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Retired Teachers' Retirement System members employed by public schools to perform classified or nonclassified duties may now receive unlimited annualized earnings with no reduction in retirement benefits
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Eliminates the previous 36-month earnings limitation period that capped postretirement income based on age and final average salary
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Removes the prior $30,000 or 50% of final average salary earnings cap that applied to retired members age 62 and older
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Maintains the 60-calendar-day waiting period between a retiree's last day of preretirement employment and any postretirement public school employment
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Includes an emergency clause with effective dates of July 1, 2025 for postretirement provisions, or November 1, 2025 if the emergency clause is not approved
Legislative Description
Teachers' Retirement System; postretirement employment; earning limitations; retired member; earnings without reduction in retirement benefits; effective date; emergency.
Last Action
Coauthored by Senator Pederson
5/8/2025