Read the full stored bill text
RBS No. 3923
An Act
ENROLLED SENATE
BILL NO. 1149 By: Hall, Haste, and Frix of
the Senate
and
Caldwell (Trey), Kane,
Blancett, Hefner, Turner,
Marti, Dollens, Wolfley,
Manger, and Deck of the
House
An Act relating to public retirement systems;
defining term; directing the Oklahoma Firefighters
Pension and Retirement Board to issue certain stipend
to certain members; defining term; directing the
Oklahoma Police Pension and Retirement Board to issue
certain stipend to certain members; amending 62 O.S.
2021, Section 3103, as last amended by Section 2,
Chapter 361, O.S.L. 2024 (62 O.S. Supp. 2025, Section
3103), which relates to the Oklahoma Pension
Legislation Actuarial Analysis Act; modifying certain
definition; updating statutory language; providing
for codification; and providing effective dates.
SUBJECT: Public retirement systems
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 49-144 of Title 11, unless there
is created a duplication in numbering, reads as follows:
A. As used in this section, “tweener” means a member, or his or
her beneficiary, who receives a benefit from the Oklahoma
Firefighters Pension and Retirement System pursuant to Section 49-
RBS No. 3923
ENR. S. B. NO. 1149 Page 2
106 of Title 11 of the Oklahoma Statutes and who was not retired and
did not have twenty (20) years of credited service as of May 26,
1983, and who retired before November 1, 1989. Tweeners are not
eligible for an increase in benefits pursuant to repealed Section
49-136 of Title 11 of the Oklahoma Statutes and were not eligible to
participate in the Oklahoma Firefighters Deferred Option Plan
pursuant to Section 49-106.1 of Title 11 of the Oklahoma Statutes.
This definition shall not be construed to include retired volunteer
firefighters.
B. On the effective date of this section, the Oklahoma
Firefighters Pension and Retirement Board shall issue a one-time
stipend of Twenty-five Thousand Dollars ($25,000.00) to any tweener
receiving benefits from the System as of October 31, 2026. This
payment shall be in addition to any other benefits the person is
otherwise eligible to receive.
SECTION 2. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 50-137 of Title 11, unless there
is created a duplication in numbering, reads as follows:
A. As used in this section, “tweener” means a member, or his or
her beneficiary, who receives a benefit from the Oklahoma Police
Pension and Retirement System and who was not retired and did not
have twenty (20) years of credited service as of May 26, 1983, and
who retired before June 30, 1990. Tweeners are not eligible for an
increase in benefits pursuant to repealed Section 50-120 of Title 11
of the Oklahoma Statutes and were not eligible to participate in the
Oklahoma Police Deferred Option Plan pursuant to Section 50-111.3 of
Title 11 of the Oklahoma Statutes.
B. On the effective date of this section, the Oklahoma Police
Pension and Retirement Board shall issue a one-time stipend of
Twenty-five Thousand Dollars ($25,000.00) to any tweener receiving
benefits from the System as of October 31, 2026. This payment shall
be in addition to any other benefits the person is otherwise
eligible to receive.
SECTION 3. AMENDATORY 62 O.S. 2021, Section 3103, as
last amended by Section 2, Chapter 361, O.S.L. 2024 (62 O.S. Supp.
2025, Section 3103), is amended to read as follows:
RBS No. 3923
ENR. S. B. NO. 1149 Page 3
Section 3103. As used in the Oklahoma Pension Legislation
Actuarial Analysis Act:
1. “Amendment” means any amendment, including a substitute
bill, made to a retirement bill by any committee of the House of
Representatives or Senate, any conference committee of the House or
Senate or by the House or Senate;
2. “RB number” means that number preceded by the letters “RB”
assigned to a retirement bill by the respective staffs of the
Oklahoma State Senate and the Oklahoma House of Representatives when
the respective staff office prepares a retirement bill for a member
of the Legislature;
3. “Legislative Actuary” means the firm or entity that enters
into a contract with the Legislative Service Bureau pursuant to
Section 452.15 of Title 74 of the Oklahoma Statutes to provide the
actuarial services and other duties provided for in the Oklahoma
Pension Legislation Actuarial Analysis Act;
4. “Nonfiscal amendment” means an amendment to a retirement
bill having a fiscal impact, which amendment does not change any
factor of an actuarial investigation specified in subsection A of
Section 3109 of this title;
5. “Nonfiscal retirement bill” means a retirement bill:
a. which does not affect the cost or funding factors of a
retirement system,
b. which affects such factors only in a manner which does
not:
(1) grant a benefit increase under the retirement
system affected by the bill,
(2) create an actuarial accrued liability for or
increase the actuarial accrued liability of the
retirement system affected by the bill, or
(3) increase the normal cost of the retirement system
affected by the bill,
RBS No. 3923
ENR. S. B. NO. 1149 Page 4
c. which authorizes the purchase by an active member of
the retirement system, at the actuarial cost for the
purchase as computed pursuant to the statute in effect
on the effective date of the measure allowing such
purchase, of years of service for purposes of reaching
a normal retirement date in the applicable retirement
system, but which cannot be used in order to compute
the number of years of service for purposes of
computing the retirement benefit for the member,
d. which provides for the computation of a service-
connected disability retirement benefit for members of
the Oklahoma Law Enforcement Retirement System
pursuant to Section 2-305 of Title 47 of the Oklahoma
Statutes if the members were unable to complete twenty
(20) years of service as a result of the disability,
e. which requires membership in the defined benefit plan
authorized by Section 901 et seq. of Title 74 of the
Oklahoma Statutes for persons whose first elected or
appointed service occurs on or after November 1, 2018,
if such persons had any prior service in the Oklahoma
Public Employees Retirement System prior to November
1, 2015,
f. which provides for a one-time increase in retirement
benefits if the increase in retirement benefits is not
a permanent increase in the gross annual retirement
benefit payable to a member or beneficiary, occurs
only once pursuant to a single statutory authorization
and does not exceed:
(1) the lesser of two percent (2%) of the gross
annual retirement benefit of the member or One
Thousand Dollars ($1,000.00) and requires that
the benefit may only be provided if the funded
ratio of the affected retirement system would not
be less than sixty percent (60%) but not greater
than eighty percent (80%) after the benefit
increase is paid,
RBS No. 3923
ENR. S. B. NO. 1149 Page 5
(2) the lesser of two percent (2%) of the gross
annual retirement benefit of the member or One
Thousand Two Hundred Dollars ($1,200.00) and
requires that the benefit may only be provided if
the funded ratio of the affected retirement
system would be greater than eighty percent (80%)
but not greater than one hundred percent (100%)
after the benefit increase is paid,
(3) the lesser of two percent (2%) of the gross
annual retirement benefit of the member or One
Thousand Four Hundred Dollars ($1,400.00) and
requires that the benefit may only be provided if
the funded ratio of the affected retirement
system would be greater than one hundred percent
(100%) after the benefit increase is paid, or
(4) the greater of two percent (2%) of the gross
annual retirement benefit of the volunteer
firefighter or One Hundred Dollars ($100.00) for
persons who retired from the Oklahoma
Firefighters Pension and Retirement System as
volunteer firefighters and who did not retire
from the Oklahoma Firefighters Pension and
Retirement System as a paid firefighter.
As used in this subparagraph, “funded ratio” means the
figure derived by dividing the actuarial value of
assets of the applicable retirement system by the
actuarial accrued liability of the applicable
retirement system,
g. which modifies the disability pension standard for
police officers who are members of the Oklahoma Police
Pension and Retirement System as provided by Section
50-115 of Title 11 of the Oklahoma Statutes,
h. which provides a cost-of-living benefit increase
pursuant to the provisions of:
(1) Section 49-143.7 of Title 11 of the Oklahoma
Statutes,
RBS No. 3923
ENR. S. B. NO. 1149 Page 6
(2) Section 50-136.9 of Title 11 of the Oklahoma
Statutes,
(3) Section 1104K of Title 20 of the Oklahoma
Statutes,
(4) Section 2-305.12 of Title 47 of the Oklahoma
Statutes,
(5) Section 17-116.22 of Title 70 of the Oklahoma
Statutes,
(6) Section 930.11 of Title 74 of the Oklahoma
Statutes,
i. which modifies the computation of the line-of-duty
disability benefit pursuant to the provisions of this
section and Sections 50-101 and 50-115 of Title 11 of
the Oklahoma Statutes, or
j. which authorizes membership in the Oklahoma Law
Enforcement Retirement System for active commissioned
or CLEET-certified agents of the Office of the
Attorney General or the Military Department of the
State of Oklahoma pursuant to Sections 3 2-309.9 and 4
2-309.10 of this act Title 47 of the Oklahoma
Statutes, or
k. which authorizes the Oklahoma Firefighters Pension and
Retirement Board and the Oklahoma Police Pension and
Retirement Board to issue a one-time stipend, as
provided for in Sections 1 and 2 of this act.
A nonfiscal retirement bill shall include any retirement bill that
has as its sole purpose the appropriation or distribution or
redistribution of monies in some manner to a retirement system for
purposes of reducing the unfunded liability of such system or the
earmarking of a portion of the revenue from a tax to a retirement
system or increasing the percentage of the revenue earmarked from a
tax to a retirement system;
RBS No. 3923
ENR. S. B. NO. 1149 Page 7
6. “Reduction-in-cost amendment” means an amendment to a
retirement bill having a fiscal impact which reduces the cost of the
bill as such cost is determined by the actuarial investigation for
the bill prepared pursuant to Section 3109 of this title;
7. “Retirement bill” means any bill or joint resolution
introduced or any bill or joint resolution amended by a member of
the Legislature which creates or amends any law directly affecting a
retirement system. A retirement bill shall not mean a bill or
resolution that impacts the revenue of any state tax in which a
portion of the revenue generated from such tax is earmarked for the
benefit of a retirement system;
8. “Retirement bill having a fiscal impact” means any
retirement bill creating or establishing a retirement system and any
other retirement bill other than a nonfiscal retirement bill; and
9. “Retirement system” means the Teachers’ Retirement System of
Oklahoma, the Oklahoma Public Employees Retirement System, the
Uniform Retirement System for Justices and Judges, the Oklahoma
Firefighters Pension and Retirement System, the Oklahoma Police
Pension and Retirement System, the Oklahoma Law Enforcement
Retirement System, or a retirement system established after January
1, 2006.
SECTION 4. Sections 1 and 2 of this act shall become effective
November 1, 2026.
SECTION 5. Section 3 of this act shall become effective October
1, 2026.
RBS No. 3923
ENR. S. B. NO. 1149 Page 8
Passed the Senate the 14th day of April, 2026.
Presiding Officer of the Senate
Passed the House of Representatives the 16th day of April, 2026.
Presiding Officer of the House
of Representatives
OFFICE OF THE GOVERNOR
Received by the Office of the Governor this ____________________
day of ___________________, 20_______, at _______ o'clock _______ M.
By: _________________________________
Approved by the Governor of the State of Oklahoma this _________
day of ___________________, 20_______, at _______ o'clock _______ M.
_________________________________
Governor of the State of Oklahoma
OFFICE OF THE SECRETARY OF STATE
Received by the Office of the Secretary of State this __________
day of __________________, 20 _______, at _______ o'clock _______ M.
By: _________________________________