Teachers' Retirement System of Oklahoma; postretirement employment; earnings limitations; effective date; emergency.

HB 1274 modifies Oklahoma's Teachers' Retirement System rules for retired educators returning to public school employment. It requires a 60-day gap between retirement and rehiring (with penalties for violations), sets age-based earnings limits ($50,000 annually until 2028 for classroom teachers, then $30,000 or 50% of final salary), and specifies that earnings over limits reduce retirement benefits dollar-for-dollar. The bill directly affects retired public school teachers seeking reemployment, particularly those returning as classroom instructors. Key provisions include temporary higher earnings limits for classroom roles through 2028 and explicit definitions of "earnings" to exclude certain supplemental payments.