Bill > HB1729

This bill modifies regulations for post-retirement employment within the Oklahoma Public Employees Retirement System (OPERS), with a specific focus on district attorneys and assistant district attorneys. The bill introduces new provisions that allow retired district attorneys and assistant district attorneys to return to work in a district attorney's office or the Oklahoma Indigent Defense System while receiving retirement benefits, subject to specific restrictions. These restrictions include a mandatory 60-day waiting period between retirement and re-employment, and earnings limitations that are tied to the Social Security Administration's earnings guidelines. Specifically, retirees cannot earn more than half of their final average salary or the Social Security earnings limit (whichever is less), with penalties for exceeding these limits, such as losing future retirement benefits on a dollar-for-dollar basis for earnings over the maximum. The bill also provides different earnings rules for retirees under 62 and those 70 and older, and includes provisions for prorating earnings limits in the year of retirement. The changes aim to provide flexibility for retired legal professionals to continue working while maintaining reasonable constraints on their post-retirement earnings. The bill will become effective on November 1, 2025.

Business and Industry, Government Affairs, Labor and Employment

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1729&Session=2600