SB 172 Oklahoma Senate · 2026 Regular Session

Retirement; allowing oversight boards of state retirement systems to approve cost-of-living adjustments under certain circumstances.

SB 172 allows specific oversight boards for six Oklahoma state retirement systems - including Firefighters, Police, Judges, Law Enforcement, Teachers, and Public Employees - to approve cost-of-living adjustments (COLAs) under certain circumstances, shifting this authority from the legislature. The bill amends statutes governing each system to authorize their respective boards (e.g., Oklahoma Firefighters Pension Board, Teachers’ Retirement Board) to make COLA decisions independently. Key provisions require boards to act in the interest of participants and beneficiaries while following investment and administrative guidelines. This changes the process for adjusting retirement benefits but does not alter the actual COLA amounts or eligibility rules.

Issues: ✓ Labor & Employment

Bill status died 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action Feb 17, 2026

Maddy AI version diff · 3 comparisons

What changed between versions

Floor (Senate) → SB172 (3-05-26) (BULLARD) FS FA1.PDF · 2 edits

MINOR

The bill text was updated to reflect its status as a floor substitute version, changing the document title and revision number. The substantive legal content regarding the Oklahoma Firefighters Pension and Retirement System remains unchanged, though minor formatting adjustments were made to the line numbering and spacing.

TECHNICAL

The document header was updated from 'Committee Substitute' to 'Floor Substitute' and the revision number changed from RBS No. 1631 to RBS No. 3653 to reflect the bill's progression through the legislative process.

Minor formatting adjustments were made to line numbers and spacing throughout the text, but no substantive legal language was added, removed, or altered.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 10, 2026

Committee

Referred to Appropriations

upper

Feb 10, 2026

Upper · Passed

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

upper

Feb 25, 2025

Committee

Referred to Legislative Actuary under 62 O.S., Section 3108

upper

Feb 3, 2025

Introduced

First Reading

upper

2 primary · 0 co-sponsors