Public retirement systems; Oklahoma Pension Legislation Actuarial Analysis Act; Oklahoma Public Employees Retirement System; defined contribution plan; defined benefit plan; effective dates.

Also relevant to:Senior (65+, Medicare/SS)

Where it is in the process

Plain-English Summary

This bill ends the current defined contribution retirement plan for state employees and moves them back to the defined benefit plan. Employees with money in their defined contribution accounts can choose to convert that money into service credit for the defined benefit plan. These changes will take effect on November 1, 2025, and are contingent on approval from the Internal Revenue Service.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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