OK
Oklahoma House Bill HB4272

Oklahoma 2022 Regular Session

Oklahoma House Bill HB4272

Introduced
2/7/22  

Caption

Public retirement systems; Oklahoma Law Enforcement Retirement System; post retirement; effective dates.

Impact

The changes proposed by HB4272 are expected to streamline the retirement process for members of the Oklahoma Law Enforcement Retirement System. By allowing retirees to take on contract work without impacting their retirement benefits, the bill provides flexibility for retired officers while also preserving the integrity of the retirement fund. Additionally, specified adjustments to the definitions within the Oklahoma Pension Legislation Actuarial Analysis Act are intended to ensure a consistent and financially sound retirement system for law enforcement officers.

Summary

House Bill 4272 focuses on amendments to the Oklahoma Law Enforcement Retirement System, specifically relating to retirement benefits and reemployment of retirees. The bill modifies various sections of existing law to clarify the definitions and criteria for retirement benefits, with special attention to provisions affecting retired law enforcement personnel. This legislation aims to adjust the retirement system by allowing retired members to contract for services without accruing additional retirement benefits, thereby managing the fiscal responsibility of the retirement system more efficiently.

Contention

Notably, the amendment to the reemployment clause has raised some concerns. Critics argue that permitting retired members to engage in contract work without additional service credits could undermine the retirement system's sustainability in the long-term. They fear it may create an expanded burden on the system if not properly managed, but supporters believe it will provide valuable skills and experience back into the workforce without complicating retirement benefits. Overall, the bill attempts to balance the need for fiscal responsibility with the desire for retired law enforcement to remain active contributors within their communities.

Companion Bills

No companion bills found.

Previously Filed As

OK HB2171

Public retirement systems; Oklahoma Firefighters Pension and Retirement System; Oklahoma Police Pension and Retirement System; Uniform Retirement System for Justices and Judges; Oklahoma Law Enforcement Retirement System; Teachers' Retirement System of Oklahoma; Oklahoma Public Employees Retirement System; codification; effective date; emergency.

OK HB2171

Public retirement systems; distribution; Oklahoma Firefighters Pension and Retirement System; Oklahoma Police Pension and Retirement System; Uniform Retirement System for Justices and Judges; Oklahoma Law Enforcement Retirement System; Teachers' Retirement System of Oklahoma; Oklahoma Public Employees Retirement System; codification; effective date; emergency.

OK HB3709

Public retirement systems; Oklahoma Pension Legislation Actuarial Analysis Act; definition; Oklahoma Police Pension and Retirement System; Uniform Retirement System for Justices and Judges; Oklahoma Law Enforcement Retirement System; Oklahoma Public Employees Retirement System; military service credit; term; effective dates.

OK HB2116

Public retirement systems; Oklahoma Pension Actuarial Analysis Act; term; Oklahoma Law Enforcement Retirement System; participation; employees; agency; codification; effective dates.

OK HB1824

Public retirement systems; Oklahoma Firefighters Pension and Retirement System; Oklahoma Police Pension and Retirement System; Oklahoma Law Enforcement Retirement System; death benefit amounts; effective date; emergency.

OK HB2379

Public retirement systems; Oklahoma Pension Legislation Actuarial Analysis Act; Teachers' Retirement System of Oklahoma; postretirement earnings limitation; substitute teaching; effective dates.

OK HB2488

Public retirement systems; Oklahoma Pension Legislation Actuarial Analysis Act; Oklahoma Public Employees Retirement System; effective dates.

OK HB1182

Public retirement systems; Oklahoma Pension Actuarial Analysis Act; Oklahoma Law Enforcement Retirement System; definition; membership; Council on Law Enforcement Education and Training; codification; effective dates; emergency.

OK HB2193

Public retirement systems; cost-of-living increases; Oklahoma Firefighters Pension and Retirement System; Oklahoma Police Pension and Retirement System; Uniform Retirement System for Justices and Judges; Oklahoma Law Enforcement Retirement System; Teachers' Retirement System of Oklahoma; Oklahoma Public Employees Retirement System; codification; effective date.

OK HB2378

Public retirement systems; Oklahoma Pension Legislation Actuarial Analysis Act; Teachers’ Retirement System; post-retirement earnings limitation; minimum salary schedule; effective dates.

Similar Bills

OK SB631

Law Enforcement Retirement System; reinstating annual retirement pay for certain members. Effective dates. Emergency.

OK SB745

Law enforcement pension; which relate to retirement pay and inability to perform duties; providing limit on retirement pay. Effective date.

OK HB2065

Public retirement systems; Oklahoma Pension Legislation Actuarial Analysis Act; Law Enforcement Retirement System; reinstatement; effective date; contingent effect; emergency.

OK HB1739

Retirement; Oklahoma Law Enforcement Retirement System; contribution; top base salary; benefit computation; effective date; emergency.

OK HB2167

Oklahoma Law Enforcement Retirement System; retirement pay; benefit calculations; members; effective date; emergency.