Bill > HB1274

This bill modifies the Teachers' Retirement System of Oklahoma's rules regarding postretirement employment earnings for retired teachers. Specifically, the bill introduces a temporary provision that allows retired classroom teachers in common education or career tech school districts to earn up to $50,000 annually without losing their retirement benefits, effective from the bill's enactment until December 31, 2028. This provision applies to teachers who have first fulfilled a mandatory 60-day break between their pre-retirement employment and return to work. The bill maintains existing restrictions that require retired members under 62 years old to have earnings limited to half of their final average salary or the Social Security Administration's earnings limit, whichever is less. For members 62 and older, the previous earnings cap remains at $30,000 or half of their final average salary. The bill aims to provide more flexibility for retired teachers to return to the classroom while still receiving retirement benefits, potentially addressing teacher shortages or allowing experienced educators to continue teaching part-time. The legislation will become effective on August 1, 2025, and includes an emergency clause to ensure immediate implementation.

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1274&Session=2600