Oklahoma Public Employees Retirement System; providing for benefits increase.

SB 10 would increase retirement benefits for Oklahoma Public Employees Retirement System (OPERS) retirees. It requires a 5% benefit increase for any current OPERS recipient still receiving payments as of June 30, 2025, and continuing to receive benefits after the bill's effective date. The bill directly affects existing OPERS retirees who meet the June 30, 2025 eligibility date. The policy change is a straightforward percentage adjustment to ongoing retirement payments, with no additional eligibility requirements specified.