Bill > SB90

This bill provides a 2% benefit increase for current retirees of the Oklahoma Public Employees Retirement System (OPERS). Specifically, any person who is already receiving retirement benefits from OPERS as of June 30, 2025, and continues to receive those benefits after the act's effective date will automatically see their monthly benefit amount increase by 2%. This type of legislation is often referred to as a "cost-of-living adjustment" (COLA) and is designed to help retirees keep pace with inflation, ensuring that their fixed retirement income maintains more of its purchasing power over time. The bill would be codified as Section 930.12 of Title 74 in the Oklahoma Statutes, creating a new legal provision for this benefit increase.

Labor and Employment

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb90&Session=2600