Bill > HB3683

This bill modifies definitions within Oklahoma's pension legislation to broaden the scope of eligible military service for retirement credit and to clarify what constitutes a "nonfiscal amendment" for retirement bills. Specifically, it changes the definition of "military service" for the Oklahoma Public Employees Retirement System (OPERS) to include service performed as a direct result of federal draft laws, as a reservist or national guard member ordered to duty, during times of federal induction, or as a result of voluntarily entering active duty, while still capping the credit at five years and excluding service terminated by court-martial. Additionally, it amends the Oklahoma Pension Legislation Actuarial Analysis Act (OPLAAA) to define "nonfiscal amendment" to encompass changes to the definition of military service, ensuring that this modification is considered a non-fiscal impact. The bill also specifies different effective dates for these changes, with Section 1 taking effect on October 1, 2026, and Section 2 on November 1, 2026.

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http://www.oklegislature.gov/BillInfo.aspx?Bill=hb3683&Session=2600