HB 2193: Public retirement systems; cost-of-living increases; Firefighters Pension and Retirement System; Police Pension and Retirement System; Uniform Retirement System for Justices and Judges; Law Enforcement Retirement System; Teachers' Retirement System; Public Employees Retirement System; codification; effective dates; contingent effective dates; emergency. - Oklahoma

Introduced → Proposed Policy Committee Substitute 1 · 4 edits

MODERATE

The bill was amended to change the effective date of cost-of-living increases from July 1, 2025 to July 1, 2026, and to adjust the percentage increases and benefit thresholds based on retirement dates. The original version provided a flat 8% increase or a cap increase to $97,200 for all eligible retirees, while the new version provides tiered increases (0%, 2%, or 4%) based on when the member retired, with a maximum benefit threshold of $60,000 for the percentage calculations.

Scope change

The bill's scope remains the same in terms of which retirement systems are covered, but the eligibility criteria and benefit amounts have been significantly modified to create a tiered system based on retirement dates rather than a uniform increase.

TIMELINE

The effective date for cost-of-living increases was changed from July 1, 2025 to July 1, 2026.

ELIGIBILITY

The benefit increase structure changed from a uniform 8% increase or a flat increase to $97,200 to a tiered system offering 0%, 2%, or 4% increases based on when the member retired.

FISCAL

The maximum benefit threshold for calculating percentage increases was reduced from $97,199.99 to $60,000 for the tiered calculation.

REQUIREMENT

Members who retired after June 30, 2023 now receive no increase, whereas previously they would have received an 8% increase or a flat increase to $97,200.

Proposed Policy Committee Substitute 2 → Proposed Policy Committee Substitute 3 · 5 edits

MODERATE

The bill was revised to update the legislative session from the 1st to the 2nd session of the 60th Legislature, changing the effective year from 2025 to 2026. The scope of the bill was significantly expanded to include additional retirement systems and amendments to existing statutes, while also adding new definitions and provisions for salary guidelines and actuarial analysis. These changes reflect a more comprehensive approach to public retirement system management and benefit adjustments.

Scope change

The bill's scope was expanded to include additional retirement systems (Oklahoma Pension Legislation Actuarial Analysis Act) and more extensive amendments to existing statutes governing multiple retirement systems. The legislative session and effective dates were updated from 2025 to 2026.

TIMELINE

Updated the legislative session from the 1st Session of the 60th Legislature (2025) to the 2nd Session of the 60th Legislature (2026), and changed effective dates from June/July 2026 to align with the new session year.

SCOPE

Added amendments to the Oklahoma Pension Legislation Actuarial Analysis Act (62 O.S. 2021, Section 3103) to include provisions for determining median salary amounts and employer contribution calculations.

DEFINITION

Added new statutory definitions for 'Amendment,' 'RB number,' 'Legislative Actuary,' 'Nonfiscal amendment,' and 'Nonfiscal retirement bill' to clarify how retirement bills are processed and classified.

REQUIREMENT

Added requirements for directing money not required for employer contributions to the Special Cash Fund and for the Office of Management and Enterprise Services to determine median salary amounts for certain retirement systems.

ENFORCEMENT

Added provisions for severability, noncodification, and contingent effective dates based on the outcome of emergency clause approval, along with a declaration of emergency.

Proposed Policy Committee Substitute 1 → Proposed Policy Committee Substitute 2 · 6 edits

MODERATE

The bill was revised to update the legislative text formatting and numbering while maintaining the same substantive policy provisions. The changes primarily involve reorganizing the bill structure, updating the act title to reflect amendments to existing statutes rather than just creating new sections, and adjusting page numbering and reference numbers. The core policy regarding cost-of-living increases for public retirement system members remains unchanged.

Scope change

The bill's scope remains the same, covering five public retirement systems in Oklahoma. However, the legislative text was modified to clarify that the bill amends existing statutes (20 O.S. 2021, 70 O.S. 2021, 74 O.S. 2021) in addition to creating new sections, making the legislative intent more explicit.

TECHNICAL

Updated bill header from POLPCS1 to POLPCS2 and changed the date from 2/18/2025 to 2/19/2025, reflecting the committee's second review of the bill.

Changed the RBH (Reference Bill History) number from 12674 to 12733, indicating a new version of the bill document.

Reorganized the bill structure by moving the 'PROPOSED POLICY COMMITTEE SUBSTITUTE' title to line 9 and renumbering sections to improve clarity and consistency.

Updated the act title to explicitly state that the bill amends existing Oklahoma Statutes sections (20 O.S. 2021 Sections 1103 and 1103.1, 70 O.S. 2021 Sections 17-108.1 and 17-116.2, and 74 O.S. 2021 Section 919.1) in addition to creating new sections.

Removed redundant page footer information (Req. No. and RBH No.) that appeared multiple times throughout the document.

Added blank lines between sections to improve document readability and formatting consistency.

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