Public retirement systems; Oklahoma Public Employees Retirement System; postretirement; effective date.

HB 1730 clarifies rules for Oklahoma Public Employees Retirement System (OPEERS) members who return to state employment after retiring. It directly affects state employees who retire and later work for participating employers (like state agencies or schools). Key provisions require retirees returning to work to notify OPEERS, prohibit receiving retirement benefits while earning above Social Security's annual earnings limit, and offer two options: (1) continue receiving benefits with adjusted calculations based on new service, or (2) waive benefits for 36 months to earn full service credit toward future benefits. The bill also specifies employer responsibilities for submitting retirement details and correcting errors that could disqualify benefits.