Retirement; Oklahoma Pension Legislation Actuarial Analysis Act; terms; Board of Trustees; Oklahoma Teachers' Retirement System; retirement benefit; condition; limitation; annual report; Legislative Office of Fiscal Transparency; review; codification; effective dates; emergency.

HB 3236 defines key terms for Oklahoma's retirement legislation, including "nonfiscal retirement bill" (which doesn't change system costs) and "funded ratio" (the system's asset-to-liability balance). It requires the Legislative Office of Fiscal Transparency to review all retirement bills and sets specific conditions for approving benefit increases based on the system's funded ratio (e.g., 60-80% for ≤$1,000 increases). The bill establishes a framework for evaluating retirement legislation but does not directly change current benefits or funding. This procedural act aims to standardize how retirement bills are assessed before enactment.