Oklahoma Public Employees Retirement System; allowing participating employers to enter into certain agreement for certain purpose. Effective date. Emergency.

SB 1870 amends Oklahoma law to allow municipalities participating in the Oklahoma Public Employees Retirement System (OPERS) to enter into specific trust agreements. This change explicitly permits such agreements, which were not previously covered under the statute, for purposes related to managing retirement system operations. The bill does not alter retirement benefits, contribution rates, or funding formulas but provides municipalities with a new administrative tool for retirement system management. It directly affects all Oklahoma municipalities currently enrolled in OPERS.