HB 1904 Oklahoma House · 2025 Regular Session

Retirement; Retirement Act of 2025; effective date.

HB 1904 proposes to increase retirement benefits for a specific group of retirees from the Teachers' Retirement System of Oklahoma. It grants a 50% increase in benefits to individuals whose maximum compensation level for retirement benefit computation was limited to $25,000 at the time of their retirement. To be eligible, these individuals must be receiving benefits as of June 30, 2025, and continue to receive them on or after July 1, 2025. The increased benefits would begin in July 2025, with the act becoming effective on July 1, 2025.

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 · 2 comparisons

What changed between versions

Proposed Policy Committee Substitute 1 → Proposed Policy Committee Substitute 2 · 5 edits

MODERATE

The bill was revised by the Policy Committee to simplify the language and remove provisions related to recomputing retirement benefits using average salary amounts. The changes clarify that eligible retirees receive a 50% benefit increase starting July 2025, while eliminating the complex salary recomputation rules and retroactive payment provisions from the original version.

Scope change

The bill's scope was narrowed by removing provisions for salary recomputation and retroactive benefit payments, focusing solely on a direct 50% benefit increase for eligible retirees.

ELIGIBILITY

Removed eligibility criteria related to salary contributions exceeding $25,000 and salary recomputation caps of $40,000.

REQUIREMENT

Deleted provisions requiring recomputation of retirement benefits using average salary amounts and limiting salary amounts used for recomputation.

Removed language prohibiting retroactive benefit payments and restricting benefit increases to only apply after the effective date.

TIMELINE

Simplified language around the July 1, 2025 effective date and benefit commencement.

MODIFIED

Updated document tracking numbers from RBH No. 13644 to RBH No. 13668 and revised committee substitute numbering.

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