Public retirement systems; cost-of-living increases; Firefighters Pension and Retirement System; Police Pension and Retirement System; Uniform Retirement System for Justices and Judges; Law Enforcement Retirement System; Teachers' Retirement System; Public Employees Retirement System; codification; effective dates; contingent effective dates; emergency.

Summary

The bill amends Section 3103 of the Oklahoma Pension Legislation Actuarial Analysis Act, redefining terms such as “nonfiscal amendment,” “nonfiscal retirement bill,” and “reduction‑in‑cost amendment.” It also sets parameters for cost‑of‑living increases, disability pension calculations, and eligibility for certain law‑enforcement and firefighter retirees. These changes aim to provide clearer guidance for future retirement‑related legislation and ensure benefits are applied consistently.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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