Retirement; Oklahoma Law Enforcement Retirement System; contribution; top base salary; benefit computation; effective date; emergency.
HB 1739 modifies Oklahoma's Law Enforcement Retirement System by increasing employer contribution rates for law enforcement retirees and changing how retirement benefits are calculated. Starting July 2025, participating employers (like the Highway Patrol and Bureau of Investigation) must contribute 12.5% of members' base salaries, gradually rising to 16.5% by 2029-2030. The bill also revises benefit computations to base retirement pay on either the top salary for specific law enforcement positions or the member's final average salary, whichever is greater. These changes directly affect current and future Oklahoma law enforcement retirees covered under the system.
Bill status
died
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2025
Last action Apr 8, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
0
Committee
3
Apr 8, 2025
Committee
Referred to Actuary pursuant to the Oklahoma Pension Legislation Actuarial Analysis Act
lower
Feb 17, 2025
Committee
Referred to Banking, Financial Services and Pensions
lower
Feb 17, 2025
Committee
Referred to Government Oversight
lower
Feb 3, 2025
Introduced
First Reading
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mark Chapman
RRepublican
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