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OK HB1730

OK HB1730
Public retirement systems; Oklahoma Public Employees Retirement System; postretirement; effective date.


summary

Introduced
02/03/2025
In Committee
04/15/2025
Crossed Over
03/27/2025
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

An Act relating to public retirement systems; amending 74 O.S. 2021, Section 914, which relates to the Oklahoma Public Employees Retirement System; modifying postretirement provision; and providing an effective date.

AI Summary

This bill modifies provisions of the Oklahoma Public Employees Retirement System (OPERS) by making a specific change related to post-retirement employment for court reporters. Currently, retired members are generally prohibited from being rehired by their former employer for one year after leaving employment, unless they waive their retirement benefits and return as a bona fide employee. The bill introduces an exception specifically for retired court reporters, allowing them to be rehired after a shorter waiting period of 60 days, provided they also waive their retirement benefits and return as a bona fide employee. The bill does not alter other existing retirement system rules, such as normal retirement dates, benefit calculations, or post-retirement employment guidelines for other types of employees. The changes will take effect on November 1, 2025, giving employers and employees time to understand and prepare for the new provision. This modification appears to provide more flexibility for court reporters who may want to return to work more quickly after retirement, while maintaining the general intent of preventing immediate rehiring of retired employees.

Committee Categories

Business and Industry, Government Affairs, Labor and Employment

Sponsors (2)

Last Action

Placed on General Order (on 04/17/2025)

bill text


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