Bill > SB9

This bill provides a 2% increase in benefits for members of the Oklahoma Law Enforcement Retirement System (OLERS) who are receiving retirement benefits as of June 30, 2025, and continue to receive benefits after the bill's effective date. However, the bill includes an important offset provision: if a member is already eligible for benefit increases under certain existing statutory provisions (specifically subsections B, C, or D of Section 2-305 of Title 47), those pre-existing increases will be reduced by the 2% increase provided in this new legislation. In practical terms, this means that while all OLERS retirees will see a nominal 2% benefit increase, those who were already scheduled to receive increases will not realize an additional financial benefit beyond their existing planned increase. The bill is designed to provide a modest cost-of-living adjustment for law enforcement retirees while ensuring that the financial impact is budget-neutral for those already set to receive benefit adjustments.

Labor and Employment

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb9&Session=2600