SB 1029 Oklahoma Senate · 2025 Regular Session

Oklahoma Public Employees Retirement System; providing for certain election by certain employees. Effective date.

The bill text for SB 1029 is not provided in the context, so a substantive summary cannot be generated. The title suggests it relates to elections within Oklahoma's Public Employees Retirement System, but the specific provisions, affected groups, or mechanisms are not described. Procedural details (e.g., committee referrals, title amendments) do not indicate the bill's policy content. Without the bill text, no factual summary of its policy changes can be accurately provided.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action Mar 6, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

Committee Substitute → SB1029 (3-13-25) (SACCHIERI) FA1.PDF · 2 edits

MINOR

The bill text was reformatted from 'Committee Substitute' to a 'Floor Amendment' version, and a new floor amendment was added to clarify that employees can opt out of the defined contribution system without penalty, except for penalties imposed by the Internal Revenue Service. This amendment narrows the scope of penalty exemptions to exclude federal tax penalties.

Scope change

The scope of penalty exemptions for opting out of the retirement system was narrowed by excluding Internal Revenue Service penalties from the exemption.

REQUIREMENT

Added a floor amendment specifying that the opt-out provision does not apply to penalties imposed by the Internal Revenue Service.

TECHNICAL

Changed document header from 'Committee Substitute' to 'Floor Amendment' and updated page numbering and formatting to reflect the amendment process.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 4, 2025

Upper · Passed

Reported Do Pass, amended by committee substitute Retirement and Government Resources committee; CR filed

upper

Feb 3, 2025

Introduced

First Reading

upper

2 primary · 0 co-sponsors