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OK HB3236
Bill
Status
2/2/2026
Primary Sponsor
Jacob Rosecrants
Click for details
AI Summary
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Directs the Oklahoma Teachers' Retirement System Board of Trustees to grant annual cost-of-living adjustments to retired members and beneficiaries, effective July 1 each year, based on the Consumer Price Index for urban wage earners (CPI-W)
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Limits the annual retirement benefit increase to no more than 2% and requires the system's funded ratio to remain at least 80% after the increase is provided
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Requires the System to submit an annual report with actuarial certification to the Speaker of the House and Senate Pro Tempore before granting any benefit increase
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Mandates the Legislative Office of Fiscal Transparency to conduct compliance reviews of the System every five years
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Classified as a nonfiscal bill under the Oklahoma Pension Legislation Actuarial Analysis Act, with an effective date of July 1, 2026 (or November 1, 2026 if the emergency clause is not approved)
Legislative Description
Retirement; Oklahoma Pension Legislation Actuarial Analysis Act; terms; Board of Trustees; Oklahoma Teachers' Retirement System; retirement benefit; condition; limitation; annual report; Legislative Office of Fiscal Transparency; review; codification; effective dates; emergency.
Last Action
Second Reading referred to Rules
2/3/2026