State agencies; requiring the establishment or enhancement of an internal employee suggestion program; stating potential award for approved suggestions; creating the Statewide Cost Savings Incentive Fund Effective date. Emergency.

SB 1714 requires Oklahoma state agencies to establish or improve internal employee suggestion programs focused on generating cost savings. Employees who submit ideas resulting in $5,000+ in annual savings may receive financial rewards of 10-25% of the savings (capped at $20,000 per person), with agencies also permitted to offer non-cash recognition for efficiency improvements. The bill creates a Statewide Cost Savings Incentive Fund, funded by 20% of all verified statewide savings, to provide supplemental funding to agencies meeting annual budget reduction targets. Agencies must annually report cost-saving suggestions, implemented measures, and savings to state leadership, with the new Incentive Awards Committee recognizing top contributors.