HB 1889 Oklahoma House · 2025 Regular Session

Retirement; Retirement Reform Act of 2025; effective date.

HB 1889, the "Retirement Reform Act of 2025," proposes an adjustment to retirement benefits for specific groups of retirees within Oklahoma's public retirement systems, referred to as "Tweeners." These "Tweeners" are members or beneficiaries who retired within certain windows in the 1980s and were not eligible for previous benefit increases or deferred option plans. Effective July 1, 2025, the bill directs the relevant Retirement Boards to increase benefits for eligible individuals receiving payments as of June 30, 2025. The adjustment aims to fully restore any purchasing power lost due to inflation since their initial benefit date, using the Consumer Price Index (CPI-U) to calculate the difference between their current benefit and an inflation-adjusted target benefit.

Bill status died 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action May 7, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Proposed Policy Committee Substitute 1 · 4 edits

MODERATE

The bill was amended to change from a non-codified shell bill to a proposed policy committee substitute that codifies the law in the Oklahoma Statutes. The amendment modifies the eligibility criteria for 'Tweeners' by adjusting the service date threshold from May 26, 1983 to May 25, 1983, and extends the retirement cutoff date from November 1, 1989 to June 30, 1990. This expands the number of retirees potentially eligible for the benefit adjustment.

Scope change

The bill changed from a non-codified shell bill to a codified substitute that will be added to the Oklahoma Statutes as Sections 49-143.8 and 50-136.10 of Title 11.

ELIGIBILITY

The definition of 'Tweener' was modified to change the service date from May 26, 1983 to May 25, 1983, potentially affecting which retirees qualify for the benefit adjustment.

The retirement cutoff date for 'Tweeners' was extended from November 1, 1989 to June 30, 1990, expanding eligibility for the benefit adjustment.

TECHNICAL

The bill format changed from a non-codified shell bill to a codified substitute that will be permanently added to the Oklahoma Statutes.

DEFINITION

The referenced statute sections for the Oklahoma Police Deferred Option Plan were updated from Section 49-106.1 to Section 50-111.3 of Title 11.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 7, 2025

Committee

Referred to Actuary pursuant to the Oklahoma Pension Legislation Actuarial Analysis Act

lower

Apr 30, 2025

Committee

Referred to Banking, Financial Services and Pensions

lower

Apr 30, 2025

Committee

Referred to Government Oversight

lower

Feb 3, 2025

Introduced

First Reading

lower

1 primary · 0 co-sponsors