RBH No. 8705 Req. No. 8705 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 STATE OF OKLAHOMA 2nd Session of the 58th Legislature (2022) HOUSE BILL 4123 By: Frix AS INTRODUCED An Act relating to public retirement systems; enacting the Public Employee Post R etirement Employment Policy Act of 2022; provid ing for noncodification; providing an effective date; a nd declaring an emergency. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. NEW LAW A new section of law not to be codified in the Oklahoma Statutes reads as fo llows: This act shall be known and may be cited as the "Public Employee Post Retirement Employment Policy Act of 2022 ". SECTION 2. This act shall become effective July 1, 2022. SECTION 3. It being immediately necessary for the preservation of the public peace, health or safety, an emergency is hereby declared to exist, by reason whereof thi s act shall take effect and be in full force from and after its passage and approval. 58-2-8705 MAH 01/16/22 THOMAS E. CUMMINS CONSULTING ACTUARY, INC. 2512 E. 71 st Street , Suite D ∙ Tulsa, Oklahoma 74136 (918) 492-9658 ∙ (918) 492- 9659 January 18, 2022 Representative Frix Room 405.1 Re: RBH No. 8705 RBH No. 8705 is a shell bill. This bill is a non fiscal bill under OPLAAA. I am a member of the American Academy of Actuaries and meet the Qualification Standards of the American Academy of Actuaries to render the actuarial opinion herein. Thomas E. Cummins Thomas E. Cummins, MAAA