SB 2039 Oklahoma Senate · 2026 Regular Session

Teachers' Retirement System of Oklahoma; allowing retired members to purchase service credits at certain rate. Effective date. Emergency.

SB 2039 allows retired members of Oklahoma's Teachers' Retirement System to purchase additional service credits at a specific rate. This change modifies Section 17-116.2 of Oklahoma Statutes, enabling retirees to buy extra years of service to increase their future retirement benefits. The bill directly affects retired teachers who wish to boost their pension amounts by purchasing these credits. It does not alter current benefits for active members or change the overall retirement system structure. The policy change is effective immediately, as designated by the bill's emergency clause.

Issues: ✓ Labor & Employment

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2026

Committee Review

Floor Vote

Governor

Introduced Feb 2, 2026 Last action Feb 19, 2026

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What changed between versions

Introduced → Floor (Senate) · 6 edits

MODERATE

The bill was amended during Senate floor consideration to expand definitions of retirement bill types and modify benefit increase thresholds based on pension system funding levels. The changes add new definitions for 'RB number' and 'Legislative Actuary', clarify what constitutes a 'nonfiscal amendment', and introduce additional funding ratio thresholds for one-time benefit increases.

Scope change

The bill's scope was expanded to include more detailed definitions of retirement bill classifications and additional funding ratio thresholds for benefit increases.

DEFINITION

Added new definition for 'RB number' to clarify how retirement bills are numbered by legislative staff

Added new definition for 'Legislative Actuary' to specify the firm contracted with Legislative Service Bureau for actuarial services

Expanded definition of 'Amendment' to include conference committee actions by either House or Senate

FISCAL

Added new funding ratio threshold (100%) for one-time benefit increases, allowing increases up to $1,400 when funded ratio exceeds 100%

Added new provision for volunteer firefighter benefit increases of up to $100

Changed funded ratio threshold from 80% to 100% for the second benefit increase tier, allowing higher benefit increases when systems are better funded

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 17, 2026

Upper · Passed

Reported Do Pass as amended Retirement and Government Resources committee; CR filed

upper

Feb 2, 2026

Introduced

First Reading

upper

1 primary · 0 co-sponsors