Teachers' Retirement System of Oklahoma; postretirement employment; earnings limitations; effective date; emergency.

HB 1274 modifies Oklahoma's Teachers' Retirement System rules for retired educators returning to public school employment. It requires a 60-day break between retirement and reemployment (counting paid leave as employment) and imposes annual earnings limits: retired teachers under 62 may earn up to half their final salary or the Social Security limit (whichever is lower), while those 62+ face a $30,000 annual cap. For classroom teachers returning before 2029, a temporary $50,000 annual earnings limit applies. Exceeding limits results in losing $1 of retirement benefits for every $1 earned over the cap, and the bill includes specific exemptions for certain retirees returning under three-year windows.