SB 1029 Oklahoma Senate · 2026 Regular Session

Oklahoma Public Employees Retirement System; providing for certain election by certain employees. Effective date.

This bill allows certain employees of the Oklahoma Public Employees Retirement System to participate in elections related to their retirement benefits. It establishes a process for these employees to vote on specific matters affecting their retirement plans. The legislation outlines the procedures for conducting these elections and sets an effective date for implementation. The bill directly impacts public employees covered under the retirement system and their ability to influence retirement policy decisions.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action Mar 6, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

Committee Substitute → SB1029 (3-13-25) (SACCHIERI) FA1.PDF · 1 edit

MINOR

The bill text was reformatted from a Committee Substitute version to a Floor Amendment version, with a specific amendment added to clarify that employees can opt out of the defined contribution system without penalty, except for penalties imposed by the Internal Revenue Service. This change clarifies the scope of the opt-out provision to exclude IRS penalties from the penalty-free opt-out language.

Scope change

The amendment narrows the scope of the penalty-free opt-out provision by explicitly excluding IRS penalties from the exemption.

REQUIREMENT

Added language to specify that the penalty-free opt-out from the defined contribution system does not apply to penalties imposed by the Internal Revenue Service.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 4, 2025

Upper · Passed

Reported Do Pass, amended by committee substitute Retirement and Government Resources committee; CR filed

upper

Feb 3, 2025

Introduced

First Reading

upper

2 primary · 0 co-sponsors