HB 1245 Oklahoma House · 2026 Regular Session

Retirement; Oklahoma Public Employees Retirement System; term; retirement benefit computation; monthly pension; employee contributions; effective date.

HB 1245 modifies how retirement benefits are calculated for Oklahoma Public Employees Retirement System (OPERS) members. It updates the rules for counting salary history (including maximum compensation limits for different time periods) and allows current Oklahoma Tax Commission members to elect to use their full constitutional salary for retirement calculations. The bill also revises definitions related to retirement terms, contributions, and benefit computation within OPERS statutes. These changes directly affect current and future OPERS members, particularly state/local government employees whose retirement benefits are based on salary history. The bill is currently in committee referral status as of February 2025.

Bill status passed 3 of 5 stages cleared

Introduction

Feb 2025

Committee Review

Mar 2026

House Passage

Mar 2026

Senate Passage

Governor

Introduced Feb 3, 2025 Last action Apr 1, 2026

Maddy AI version diff · 3 comparisons

What changed between versions

House Committee Substitute → Floor (House) · 3 edits

MINOR

The document was updated from the House Committee Substitute version to the Floor version, primarily involving formatting adjustments, page number reorganization, and the removal of internal committee tracking markers. No substantive policy changes, such as new definitions, funding amounts, eligibility criteria, or effective dates, were introduced in this specific text segment.

TECHNICAL

Removed internal committee tracking headers and page footers that were present in the Committee Substitute version.

Adjusted page numbering and header text to reflect the 'Floor Version' status instead of the 'Committee Substitute' status.

Added a note explaining that bold face text denotes committee amendments, which aids in reading the floor version.

Floor votes · House Mar 24, 2026

How they voted

79–19

Passed · 2 other

Total votes 100

Mar 24, 2026

D Democratic18

18 Yea

100% Yea

R Republican82

61 Yea 19 Nay 2

74% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 25, 2026

Introduced

First Reading

upper

Mar 25, 2026

Lower · Passed

Engrossed, signed, to Senate

lower

Mar 24, 2026

Committee

Referred for engrossment

lower

Mar 24, 2026

Lower · Passed

Third Reading, Measure passed: Ayes: 78 Nays: 19

lower

Mar 24, 2026

Introduced

Amended by floor substitute

lower

Mar 3, 2026

Lower · Passed

CR; Do Pass, amended by committee substitute Government Oversight Committee

lower

Feb 19, 2026

Lower · Passed

Policy recommendation to the Government Oversight committee; Do Pass, amended by committee substitute Banking, Financial Services and Pensions

lower

Feb 19, 2025

Committee

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

lower

Feb 4, 2025

Committee

Referred to Banking, Financial Services and Pensions

lower

Feb 3, 2025

Introduced

First Reading

lower

2 primary · 0 co-sponsors