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Legislation


2017 Legislation 

The following is a description of the 2017 legislation affecting members of retirement systems administered by the Oklahoma Public Employees Retirement System (OPERS).

SB 242  (Sen. Adam Pugh and Rep. Ryan Martinez) 
Effective August 25, 2017

This bill adds the Oklahoma State Treasurer, or his/her designee, to the OPERS and Teachers' Retirement System Board of Trustees.

To read SB 242, click here.

HB 1704  (Rep. Randy McDaniel and Sen. Bill Brown) 
Effective November 1, 2017

OPERS requested this bill to clarify certain plan provisions for members of the Uniform Retirement System for Justices and Judges (URSJJ), Elected Officials, and Public Safety Officers under the Grand River Dam Authority. 

  • URSJJ Retirees Returning to Work - Amended language treats retired members of the Uniform Retirement System for Justices and Judges (URSJJ) similarly to OPERS members. Judges who return to work for a URSJJ employer must participate in URSJJ by paying retirement contributions. If the judge returns to work for at least 36 consecutive months of full time service credit, they would be eligible to retire a second time and have their benefit recalculated. If the judge returns to work for less than the 36 consecutive months of full time service credit, they would not be able to retire a second time but would have their benefits reinstated upon leaving office and receive service credit for the additional months. 
  • Elected Officials - Currently if an elected official chooses the maximum option with a ½ survivor annuity, the surviving spouse will only receive the survivor annuity if he/she does not remarry after the elected official's death. The amended language removes the prohibition against remarriage. 
  • GRDA Public Safety Officers - The statutory cite for hazardous duty exemptions in Pathfinder needs to be updated to include GRDA officers under 74§902 as a result of 2016 legislation.

To read HB 1704, click here.


Legislative Update 

COLA Being Studied for 2020
The 2019 regular session of the Oklahoma Legislature adjourned without passing any legislation which directly impacts members of OPERS. However, HB 2304 and HB 2485 were both referred to the legislative actuary as required by the Oklahoma Pension Legislation Actuarial Analysis Act. This means the bills will be studied over the interim and could be voted on by the legislature in 2020. The major provisions of the two bills propose a cost of living adjustment (COLA) for retirees.
HB 2304 proposes a two percent (2%) COLA for members who were retired as of December 31, 2018, and still receiving a benefit as of January 1, 2020.
HB 2485 proposes a four percent (4%) COLA for members who were retired as of December 31, 2018, and still receiving a benefit as of January 1, 2020.


For more information on interim studies, visit the websites below.
www.okhouse.gov www.oksenate.gov

Click on the links below for past legislation.

2018 Legislation

2017 Legislation
2016 Legislation
2015 Legislation
2014 Legislation
2013 Legislation
2012 Legislation
2011 Legislation
2010 Legislation
2009 Legislation
2008 Legislation
2007 Legislation
2006 Legislation






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