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OK HB2288

Bill

Status

Engrossed

3/17/2025

Primary Sponsor

Kyle Hilbert

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • 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

  • Eliminates the previous 36-month earnings limitation period that capped postretirement income based on age and final average salary

  • Removes the prior $30,000 or 50% of final average salary earnings cap that applied to retired members age 62 and older

  • Maintains the 60-calendar-day waiting period between a retiree's last day of preretirement employment and any postretirement public school employment

  • 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

Committee Referrals

Appropriations4/15/2025
Retirement and Government Resources4/1/2025
Banking, Financial Services and Pensions2/4/2025
Government Oversight2/4/2025

Full Bill Text

No bill text available