Teachers' Retirement System of Oklahoma; providing for benefits increase.

SB 11 would increase retirement benefits for Oklahoma teachers currently receiving payments from the Teachers’ Retirement System as of June 30, 2025. Specifically, it mandates a 5% automatic benefit increase for all eligible retirees who continue to receive payments after the bill’s effective date. This policy change directly affects current retirees in the system, providing them with higher monthly payments without requiring additional applications. The bill codifies this increase into Oklahoma Statutes under Section 17-116.23 of Title 70.