HB 1784 Oklahoma House · 2026 Regular Session

Teachers' Retirement System; defining terms; directing Board of Trustees to adopt and maintain assumed rate of investment return; prohibiting reduction; compliance; effective date.

This Oklahoma bill establishes rules for how the Teachers' Retirement System calculates and maintains its assumed investment return rate. It requires the Board of Trustees to set an assumed rate that cannot fall below the lowest actual return earned over the past 20 years unless the Legislature explicitly approves a reduction. The Board must review compliance annually and report to state leadership, while the calculation method must match the system's standard financial reporting practices. These changes directly affect the Oklahoma Teachers' Retirement System and its oversight, with provisions taking effect on November 1, 2026.

Bill status died 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action Feb 19, 2026

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What changed between versions

Introduced → Proposed Committee Substitute (full committee) 1 · 6 edits

MODERATE

The bill was completely rewritten from an education reform act into a Teachers' Retirement System financial stability measure. The original bill focused on education reform in 2025, while the new version establishes rules for calculating and maintaining investment return rates for the Oklahoma Teachers' Retirement System effective in 2026.

Scope change

The bill's scope changed from general education reform to specifically regulating the Oklahoma Teachers' Retirement System's investment return calculations and compliance reporting.

SCOPE

Removed all content related to the Education Reform Act of 2025, which previously addressed education policy changes.

DEFINITION

Added definitions for 'Annual net investment return' and 'Fiscal year' to establish clear terms for financial calculations.

REQUIREMENT

Added requirements for the Board of Trustees to adopt and maintain an assumed rate of investment return that cannot be reduced below the lowest return earned over the past 20 fiscal years without legislative approval.

ENFORCEMENT

Added a requirement for the Board to annually review compliance and certify results to the Governor, Senate President, and House Speaker.

TIMELINE

Changed the effective date from November 1, 2025 to November 1, 2026.

TECHNICAL

Changed the bill citation from Section 17-116.2E of Title 70 to reflect codification requirements.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

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 11, 2026

Committee

Referred to Banking, Financial Services and Pensions

lower

Feb 11, 2026

Committee

Referred to Government Oversight

lower

Feb 3, 2025

Introduced

First Reading

lower

1 primary · 0 co-sponsors