Bill > SB26

This bill modifies the Teachers' Retirement System of Oklahoma's rules for postretirement employment, specifically expanding opportunities for retired teachers to return to work with fewer earnings restrictions. Under the new provisions, retired teachers who have received benefits for at least 90 days can be reemployed as active classroom teachers in common or career tech school districts with no earnings limitations for a three-year period, with the condition that they cannot work in public education during the 90 days prior to reemployment. The bill also maintains previous provisions allowing certain retired classroom teachers who have been receiving benefits for at least one year to return to teaching without earnings limits, such as those who retired by July 1, 2017, or July 1, 2020. When returning to work, these retirees will be employed under temporary contracts and will not receive additional retirement benefits during their postretirement employment period. The bill requires school districts employing retired members to make contributions to the Teachers' Retirement System of Oklahoma and is set to become effective on July 1, 2025, with an emergency clause indicating its immediate importance for public peace, health, and safety.

Budget and Finance, Labor and Employment

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb26&Session=2600