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OK SB1870
Bill
Status
2/2/2026
Primary Sponsor
Casey Murdock
Click for details
AI Summary
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Municipalities with populations of 2,000 or fewer currently participating in the Oklahoma Public Employees Retirement System (OPERS) may opt to enter into a trust agreement under the Interlocal Cooperation Act to provide retirement benefits for new employees hired after the trust agreement's effective date
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The deadline for eligible municipalities or their instrumentalities to enter into such trust agreements is December 31, 2026
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Amends the Oklahoma Pension Legislation Actuarial Analysis Act to classify bills allowing small municipalities to enter into these trust agreements as "nonfiscal retirement bills," exempting them from certain actuarial analysis requirements
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Section 1 (definitions amendments) becomes effective June 1, 2026; Section 2 (trust agreement provisions) becomes effective July 1, 2026
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Declared an emergency measure to take effect immediately upon passage and approval
Legislative Description
Oklahoma Public Employees Retirement System; allowing participating employers to enter into certain agreement for certain purpose. Effective date. Emergency.
Last Action
Coauthored by Representative Archer (principal House author)
3/5/2026