RBH No. 5558
Req. No. 5558 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
1st Session of the 59th Legislature (2023)
HOUSE BILL 2592 By: Humphrey
AS INTRODUCED
An Act relating to retirement; amending 47 O.S. 2021,
Section 2-300, which relates to the Oklahoma Law
Enforcement Retirement System; m odifying definition;
amending 74 O.S. 2021, Sections 902, 915, 916.3, and
919.1, which relate to the Oklahoma Public Employees
Retirement System; modifying definition; modifying
members who may receive retirement benefit ; modifying
members who may have certain benefits paid upon
death; modifying members who shall pay certain
employee contributions; and providing an effective
date.
BE IT ENACTED BY THE PEOP LE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 47 O.S. 2021 , Section 2-300, is
amended to read as follows:
Section 2-300. As used in Section 2 -300 et seq. of this title:
1. "System" means the Oklahoma Law Enforcement Retirement
System;
2. "Act" means Section 2-300 et seq. of this title;
3. "Board" means the Oklahoma Law Enforcement Retirement Boar d
of the System; RBH No. 5558
Req. No. 5558 Page 2 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
4. "Executive Director" means the managing officer of the
System employed by the Board ;
5. "Fund" means the Oklahoma Law Enforcement Retirement Fund;
6. a. "Member" means:
(1) all commissioned law en forcement officers of the
Oklahoma Highway Patrol Division of the
Department of Public Safety who have obtained
certification from the Council on Law Enforcement
Education and Training, and all cadets of a
Patrol Academy of the Department of Public
Safety,
(2) law enforcement officers and crim inalists of the
Oklahoma State Bureau of Investigation,
(3) law enforcement officers of the Oklahoma Sta te
Bureau of Narcotics and Dangerous Drugs Control
designated to perform duties in the investigation
and prevention of crime and the enforcement of
the criminal laws of this state,
(4) law enforcement officers of the Oklahoma
Alcoholic Beverage Laws Enforc ement Commission
designated to perform duties in the invest igation
and prevention of crime and the enforcement of
the criminal laws of this state, RBH No. 5558
Req. No. 5558 Page 3 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
(5) employees of the Communications Section of the
Oklahoma Highway Patrol Division, radio
technicians and tower technicians of the
Department of Public Safety, who are employed in
any such capacity as of June 30, 2008, and who
remain employed on or after July 1, 2008, until a
termination of service, or until a termination of
service with an election of a vested benefit from
the System, or until retirement. Effective Ju ly
1, 2008, a person employed for the first time as
an employee of the Department of Public S afety in
the Communications Division as an information
systems telecommunication technician of the
Department of Public Safety shall not be a member
of the System,
(6) park rangers of the Oklahoma Tourism and
Recreation Department and any park manager or
park supervisor of the Oklahoma Tourism and
Recreation Department, who was employed in such a
position prior to July 1, 1985, and who elects on
or before September 1, 1996, to participate in
the System, and
(7) inspectors of the Board of Pharmacy , and RBH No. 5558
Req. No. 5558 Page 4 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
(8) a correctional officer, probation and parole
officer or fugitive apprehension agent with the
Department of Corrections whose first creditable
service occurs on or after November 1, 2024.
b. Effective July 1, 1987, a mem ber does not include a
"leased employee" as defined under Section 414(n)(2)
of the Internal Revenue Code of 1986, as amended.
Effective July 1, 1999, any individual who agrees with
the participating employer that the individual's
services are to be perfor med as a leased employee or
an independent contractor shall not be a member
regardless of any classification as a common -law
employee by the Internal Revenue Service or any othe r
governmental agency, or any court of competent
jurisdiction.
c. All persons who shall be offered a position of a
commissioned law enforcement officer as an employee of
one of the agencies described in subparagraph a o f
this paragraph shall participate in the System upon
the person meeting the requisite post-offer-pre-
employment physical examination standards which shall
be subject to the following requirements:
(1) all such persons shall be of good moral
character, free from deformities, mental or RBH No. 5558
Req. No. 5558 Page 5 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
physical conditions, or diseas e and alcohol or
drug addiction which would prohibit the person
from performing the duties of a law enforcement
officer,
(2) the physical-medical examination shall pertain to
age, sight, hearing, agility and other conditions
the requirements of which shall be established by
the Board,
(3) the person shall be re quired to meet the
conditions of this subsection prior to the
beginning of actual employment but after an offer
of employment has been tende red by a
participating employer,
(4) the Board shall have au thority to deny or revoke
membership of any person submi tting false
information in such person 's membership
application, and
(5) the Board shall have final authority in
determining eligibility for membership in the
System, pursuant to the provisions of thi s
subsection;
7. "Normal retirement date" means the date at which the member
is eligible to receive the unreduced payments of the member 's RBH No. 5558
Req. No. 5558 Page 6 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
accrued retirement benefit. Such date shall be the firs t day of the
month coinciding with or following the date the member:
a. completes twenty (20) years of vesting servi ce, or
b. attains sixty-two (62) years of age with ten (10)
years of vesting service, or
c. attains sixty-two (62) years of age, if:
(1) the member has been transferred to this System
from the Oklahoma Public Employees Retirement
System on or after July 1, 1981, and
(2) the member would have been vested had the member
continued to be a member of the Oklahoma Public
Employees Retirement System.
With respect to distributions under the System made for cal endar
years beginning on or after January 1, 2005, the S ystem shall apply
the minimum distribution incidental benefit requirements, incidental
benefit requirements, and minimum distribution requir ements of
Section 401(a)(9) of the In ternal Revenue Code of 1986, as amended,
in accordance with the final regulatio ns under Section 401(a)(9) of
the Internal Revenue Code of 1986, as amended, including Treasury
Regulations Sections 1.401(a)(9) -1 through 1.401(a)(9)-9; provided
that for individuals who attain seven ty and one-half (70 1/2) years
of age after December 31, 2019, distributions shall be made when the
individual attains seventy -two (72) years of age, pursuant to the
provisions of the SECURE Act o f 2019, Pub. L. 116-94, Sections RBH No. 5558
Req. No. 5558 Page 7 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
401(a)(9)(B)(iv)(I), 401(a) (9)(C)(i)(I) and 401(a)(9)(C)(ii)(I) of
the Internal Revenue Code of 1986, as amended, notwithstanding any
provision of the System to the contrary. With respect to
distributions under the System made for calendar years beginning on
or after January 1, 200 1, through December 31, 2004, the System
shall apply the minimum distribution requirements and incidental
benefit requirements of Section 401(a)(9) of the Internal Revenue
Code of 1986, as amended , in accordance with the regulations under
Section 401(a)(9) of the Internal Revenue Code of 1986, as amended,
which were proposed in January 2001, notwithstanding any provision
of the System to the contrary.
Effective July 1, 1989, notwithstanding any oth er provision
contained herein to the contrary, in no event s hall commencement of
distribution of the accrued retirem ent benefit of a member be
delayed beyond April 1 of the calendar year following the later of:
(1) the calendar year in which the member re aches seventy and one-
half (70 1/2) years of age for a membe r who attains this age before
January 1, 2020, or, for a member who attains this age after January
1, 2020, the calendar year in which the member reaches seventy -two
(72) years of age; or (2) the actual retirement date of the member.
A member electing to defer the commencement of retirement benefits
pursuant to Section 2-308.1 of this title may not defer the benefit
commencement beyond the age of sixty -five (65). RBH No. 5558
Req. No. 5558 Page 8 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Effective September 8, 2009, notwi thstanding anything to the
contrary of the System, the Syste m, which as a governmental plan
(within the meaning of S ection 414(d) of the Internal Revenue Code
of 1986, as amended), is treated as having complied with Section
401(a)(9) of the Internal Revenu e Code of 1986, as amended, for all
years to which Section 4 01(a)(9) of the Internal Revenue Code of
1986, as amended, applies to the System if the System complies with
a reasonable and good faith interpretation of Section 401(a)(9) of
the Internal Revenue Code of 1986, as amended.
A member who was required to join the System effective July 1,
1980, because of the trans fer of the employing agency from the
Oklahoma Public Employees Retirement System to the System, and was
not a member of the Oklahoma Public Employees Retirement System on
the date of such transfer sha ll be allowed to receive credit for
prior law enforcemen t service rendered to this state, if the member
is not receiving or eligible to receive retirement credit or
benefits for such service in an y other public retirement system,
upon payment to the System of the employee contribution the member
would have been subject to had the member been a member of the
System at the time, plus five percent (5%) interest. Service credit
received pursuant to th is paragraph shall be used in determi ning the
member's retirement benefit, and shall be used in determining years
of service for retirement or vesting purposes; RBH No. 5558
Req. No. 5558 Page 9 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
8. "Actual paid base salary " means the salary received by a
member, excluding payment for any accumulated leave or uniform
allowance. Salary shall includ e any amount of nonelective salary
reduction under Secti on 414(h) of the Internal Revenue Code of 1986;
9. "Final average salary " means the average of the highest
thirty (30) consecutive complete months of actual paid gross salary.
Gross salary shall inc lude any amount of elective salary reduction
under Section 457 of the Internal Revenue Code of 1986, as amended,
and any amount of nonelective salary reduction under Section 414(h)
of the Internal Revenue Code of 1986, as amended. E ffective July 1,
1992, gross salary shall include any amount of elective salary
reduction under Section 125 of the Internal Revenue Code of 1986, as
amended. Effective July 1, 1998, gross salary shall include any
amount of elective salary reduction not in cludable in the gross
income of the member under Section 132(f)(4) of the Inter nal Revenue
Code of 1986, as amended. Effective July 1, 1998, for purposes of
determining a member 's compensation, any contribution by the member
to reduce his or her regular c ash remuneration under Section
132(f)(4) of the Internal Revenue Code of 1986, as amended, shall be
treated as if the member did not make such an election. Only salary
on which required contributions have been made may be used in
computing the final avera ge salary. Gross salar y shall not include
severance pay. RBH No. 5558
Req. No. 5558 Page 10 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
In addition to other applicable limitations, and notwithstanding
any other provision to the contrary, for plan years beginning on or
after July 1, 2002, the annu al gross salary of each "Noneligible
Member" taken into account under the System shall not exceed the
Economic Growth and Tax Relief Reconciliation Act of 2001 ( "EGTRRA")
annual salary limit. The EGTRRA annual salary limit is Two Hundred
Thousand Dollars ($200,000.00), as adjusted by the Com missioner for
increases in the cost of living in accordance with Section
401(a)(17)(B) of the Internal Revenue Code of 1986, as amended. The
annual salary limit in effect for a calendar year applies to any
period, not exceeding twelve (12) months, over wh ich salary is
determined ("determination period") beginning in such calendar ye ar.
If a determination period consists of fewer than twelve (12) months,
the EGTRRA salary limit will be multiplied by a fraction, the
numerator of which is the number of month s in the determination
period, and the denominator of which is twelve (12). Fo r purposes
of this section, a "Noneligible Member" is any member who first
became a member during a plan year commencing on or after July 1,
1996.
For plan years beginning on or after July 1, 2002, an y reference
in the System to the annual salary limit und er Section 401(a)(17) of
the Internal Revenue Code of 1986, as amended, shall mean the EGTRRA
salary limit set forth in this provision. RBH No. 5558
Req. No. 5558 Page 11 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Effective January 1, 2008, gross salary f or a plan year shall
also include gross salary, as described above, for service s, but
paid by the later of two and one -half (2 1/2) months after a
member's severance from employment or the end of the calendar year
that includes the date the member terminat ed employment, if it is a
payment that, absent a severance from employment, wou ld have been
paid to the member while the member continued in employment with the
employer.
Effective January 1, 2008, any payments not desc ribed above
shall not be considered g ross salary if paid aft er severance from
employment, even if they are paid by t he later of two and one -half
(2 1/2) months after the date of severance from employment or the
end of the calendar year that includes the da te of severance from
employment, except payments to an indiv idual who does not currently
perform services for the em ployer by reason of qualified military
service within the meaning of Section 414(u)(5) of the Internal
Revenue Code of 1986, as amended, to the extent these payments do
not exceed the amounts the indi vidual would have received if the
individual had continu ed to perform services for the employer rather
than entering qualified military service.
Effective January 1, 2008, back pay, within the mea ning of
Section 1.415(c)-2(g)(8) of the Income Tax Regulatio ns, shall be
treated as gross salary for the limitation year to which the back RBH No. 5558
Req. No. 5558 Page 12 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
pay relates to the extent the back pay represents wages and
compensation that would otherwise be included in this def inition.
Effective for years beginnin g after December 31, 20 08, gross
salary shall also include differential wage pa yments under Section
414(u)(12) of the Internal Revenue Code of 1986, as amended;
10. "Credited service" means the period of service used t o
determine the amount of benefits pa yable to a member. Cre dited
service shall consist of the period during which t he member
participated in the System or the predecessor Plan as an active
employee in an eligible membership classification, plus any servic e
prior to the establishment of the p redecessor Plan which w as
credited under the predecessor Plan and for law enfor cement officers
and criminalists of the Oklahoma State Bureau of Investigation and
the Oklahoma State Bureau of Narcotics and Dangerous Drug s Control
who became members of the S ystem on July 1, 1980, any service
credited under the Oklahoma Public Employees Retirement System as of
June 30, 1980, and for members of the Communications and Lake Patrol
Divisions of the Oklahoma Department of Public Safety, who became
members of the System on July 1, 1981, a ny service credited under
the predecessor Plan or the Ok lahoma Public Employees Retirement
System as of June 30, 1981, and for law enforcement officers of the
Alcoholic Beverage Laws Enforcement C ommission who became members of
the System on July 1, 1982, any service credited under the Oklahoma
Public Employees Retirement System as of June 30, 1982, and for park RBH No. 5558
Req. No. 5558 Page 13 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
rangers of the Oklahoma Tourism and Recreation Department who became
members of the System on July 1, 1985, any service cred ited under
the Oklahoma Public Employees Retirement System as of June 30, 1985,
and for inspectors of the Oklahoma State Board of Pharmacy who
became members of the System on July 1, 1986, any service credited
under the Oklahoma Public Employees Retirement System as of June 30,
1986, for law enforcement officers of the Oklahoma Capit ol Patrol
Division of the Department of Public Safety who became members of
the System effective July 1, 1993, any service credited under th e
Oklahoma Public Employees Retiremen t System as of June 30, 1993, and
for all commissioned officers in the Gunsmith /Ammunition Reloader
Division of the Department of Public Safety who became members of
the System effective July 1, 1994, any service credit ed under the
Oklahoma Public Employee s Retirement System as of June 30, 1994, and
for the park managers or park supe rvisors of the Oklahoma Tourism
and Recreation Department who were employed in such a position prior
to July 1, 1985, and who elect to becom e members of the System
effective September 1, 1996, any ser vice transferred pursuant to
subsection C of Section 2 -309.6 of this title and any service
purchased pursuant to subsection B of Section 2 -307.2 of this title.
Effective August 5, 1993, an author ized leave of absence shall
include a period of absence purs uant to the Family and Medical Leave
Act of 1993; RBH No. 5558
Req. No. 5558 Page 14 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
11. "Disability" means a physical or mental condition which, in
the judgment of the Board, totally and presumably permanently
prevents the member from engaging in the usual and custo mary duties
of the occupation of the member and thereafter prevents the member
from performing the duties of any occupation or service for which
the member is qualified by reason of training, education or
experience. A person is not under a disability whe n capable of
performing a service to the employer, regardless of occupation,
providing the salary of the employee is not diminished thereby;
12. "Limitation year" means the year used in applying the
limitations of Section 415 of the Internal Revenue Code of 1986,
which year shall be the calendar year;
13. "Line of duty" means any action which a member whose
primary function is crime control or reduction or enforcement of the
criminal law is obligated or authorized by r ule, regulations,
condition of employment or service, or law to perform including
those social, ceremonial or athlet ic functions to which the member
is assigned, or for which the member is compensated, by the agency
the member serves;
14. "Personal injury" or "injury" means any traumatic inj ury as
well as diseases which are caused by or result from such an injury,
but not occupational diseases;
15. "Catastrophic nature" means consequences of an injury that
permanently prevent an individual from performing any gainful work; RBH No. 5558
Req. No. 5558 Page 15 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
16. "Traumatic injury" means a wound or a condition of the body
caused by external force includi ng injuries inflicted by bullets,
explosives, sharp instruments, blunt objects or other physical
blows, chemicals, electricity, climatic con ditions, infectious
diseases, radiation and bacteria, but ex cluding stress and strain;
and
17. "Beneficiary" means the individual designated by the member
on a beneficiary designation form supplied by the Oklahoma Law
Enforcement Retirement System, or, if there is no designated
beneficiary or if the designated ben eficiary predeceases the member,
the estate of the membe r. If the member's spouse is not designated
as the sole primary beneficiary, the member 's spouse must sign a
consent.
SECTION 2. AMENDATORY 74 O.S. 2021, Section 902, is
amended to read as fol lows:
Section 902. As used in Section 901 et seq. of this title:
(1) "System" means the Oklahoma Public Employees Retirement
System as established by this act and as it may hereafter be
amended;
(2) "Accumulated contributions" means the sum of all
contributions by a member to the System wh ich shall be credited to
the member's account;
(3) "Act" means Sections 901 to 932, inclusive, of this title; RBH No. 5558
Req. No. 5558 Page 16 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
(4) "Actuarial equivalent" means a deferred income benefit of
equal value to the accumulated deposits o r benefits when computed
upon the basis of the actuarial tables in use by the System;
(5) "Actuarial tables" means the actuarial tables approved and
in use by the Board at any given time;
(6) "Actuary" means the actuary or firm of actuaries employed
by the Board at any given time;
(7) "Beneficiary" means any person named by a member to receive
any benefits as provided for by Section 901 et seq. of this ti tle.
If there is no beneficiary livi ng at time of member em ployee's
death, the member's estate shall be the beneficiary;
(8) "Board" means the Oklahoma Public Employees Retirement
System Board of Trustees;
(9) "Compensation" means all salary and wages, as defined by
the Board of Trustees, including amounts defer red under deferred
compensation agreement s entered into between a member and a
participating employer, but exclusive of payment for overtime,
payable to a member of the System for personal service s performed
for a participating emplo yer but shall not inclu de compensation or
reimbursement for trav eling, or moving expenses, or any compens ation
in excess of the maximum compensation level, provided:
(a) For compensation for service prior to January 1, 1988,
the maximum compensation level shall be Twenty-five
Thousand Dollars ($25,000.00) per annum. RBH No. 5558
Req. No. 5558 Page 17 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
For compensation for service on or after Ja nuary 1,
1988, through June 30, 1994, the maximum compensation
level shall be Forty Thousand Dollars ($40,000.00) per
annum.
For compensation for servi ce on or after July 1, 1994,
through June 30, 1995, the maximum compensation level
shall be Fifty Thousan d Dollars ($50,000.00) per
annum; for compensation for service on or after July
1, 1995, through June 30, 1996, th e maximum
compensation level shall be Sixty Thousand Dollars
($60,000.00) per annum; for compensation for service
on or after July 1, 1996, th rough June 30, 1997, the
maximum compensation level shall be Seventy Thousand
Dollars ($70,000.00) per annum; and for compensation
for service on or af ter July 1, 1997, throu gh June 30,
1998, the maximum compensatio n level shall be Eighty
Thousand Dollars ($80,000.00) per annum. For
compensation for services on or after July 1, 1998,
there shall be no maximum compens ation level for
retirement purposes.
(b) Compensation for retirement purposes shall include any
amount of elective salary reduction under Sect ion 457
of the Internal Revenue Code of 1986 and any amount of RBH No. 5558
Req. No. 5558 Page 18 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
nonelective salary reduction under Section 414(h) o f
the Internal Revenue Code of 1986.
(c) Notwithstanding any provision to the contrary, the
compensation taken into account for any employee i n
determining the contribution or benefit accruals for
any plan year is limited to the annual compensation
limit under Section 401(a)(17) of the federa l Internal
Revenue Code.
(d) Current appointed members of the Ok lahoma Tax
Commission whose salary is con stitutionally limited
and is less than the highest salary allowed by law for
his or her position shall be allowed, within ninety
(90) days from the eff ective date of this act , to make
an election to use the highest salary allowed by law
for the position to which the member was appointed for
the purposes of making contributions and determination
of retirement benefits. Such election shall be
irrevocable and be in writing. Rea ppointment to the
same office shall not p ermit a new election. Members
appointed to the Oklahoma Tax Commission after the
effective date of this act shall make such election,
pursuant to this sub paragraph, within ninety (90) days
of taking office; RBH No. 5558
Req. No. 5558 Page 19 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
(10) "Credited service" means the sum of partic ipating service,
prior service and electe d service;
(11) "Dependent" means a parent, child, or spouse of a member
who is dependent upon the member for at least one-half (1/2) of the
member's support;
(12) "Effective date" means the date upon which the Sy stem
becomes effective by operation of la w;
(13) "Eligible employer" means the state and any county, county
hospital, city or town, conservation districts , circuit engineering
districts and any public or private tr ust in which a county, city or
town participates and is the primary beneficiary, i s to be an
eligible employer for the purpose of this act only, whose employees
are covered by Social Security and are not covered by or eligible
for another retirement plan a uthorized under the laws of this state
which is in operation on the initial entry date. Emergency medical
service districts may join the System upon proper application to the
Board. Provided aff iliation by a county hospital shall b e in the
form of a resolution adopted by the board of control.
(a) If a class or several classes of emplo yees of any
above-defined employers are covered by Social Security
and are not covered by or eligible for and will not
become eligible for another reti rement plan authorized
under the laws of this state, which is in operation on
the effective date, such em ployer shall be deemed an RBH No. 5558
Req. No. 5558 Page 20 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
eligible employer, but only with respect to that class
or those classes of employees as defined in this
section.
(b) A class or several classes of e mployees who are
covered by Social Securi ty and are not covered by or
eligible for and will not become eligible for another
retirement plan authorized under the laws of this
state, which is in ope ration on the effective date,
and when the qualifications fo r employment in such
class or classes are set by state law; and when such
class or classes of employees are employed by a county
or municipal government pursuant to such
qualifications; and when t he services provided by such
employees are of such nature th at they qualify for
matching by or contri butions from state or federal
funds administered by an agency of state government
which qualifies as a participating employer, then the
agency of state government administering the state or
federal funds shall be de emed an eligible employer,
but only with respect to that class or those classes
of employees as defined in this subsection; provided,
that the required contributions to the retirement plan
may be withheld from the contributions of st ate or
federal funds administered by the state agency and RBH No. 5558
Req. No. 5558 Page 21 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
transmitted to the System on the same basis as the
employee and employer contributions are transmitted
for the direct employees of the state agency. The
retirement or eligibility for retirement und er the
provisions of law providing pensions for service as a
volunteer firefighter shall not render any p erson
ineligible for participation in the benefits provided
for in Section 901 et seq. of this title. An employee
of any public or private trust in wh ich a county, city
or town participates and is the primary benef iciary
shall be deemed to be an eligible employee for the
purpose of this act only.
(c) All employees of the George Nigh Rehabilitation
Institute who elected to retain membership in the
System, pursuant to Section 9 13.7 of this title, shall
continue to be eligible employees for the purposes of
this act. The George Nigh Rehabilitation Institute
shall be considered a participating employer only for
such employees.
(d) All employees of CompSource Mutual Insurance Compa ny
who retain membership in the Oklahoma Public Employees
Retirement System pursua nt to Section 913.9 of this
title shall continue to be eligible employees for the
purposes of the Oklahoma Public Employees Retirement RBH No. 5558
Req. No. 5558 Page 22 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
System. CompSource Mutual Insurance Co mpany shall be
considered a participating employer only for such
employees.
(e) All employees of a successor organization, as defined
by Section 5-60.12 of Title 2 of the Oklahoma
Statutes, who retain membership in the Oklahoma Publi c
Employees Retirement System pursuant to Section 5 -
60.35 of Title 2 of the Oklahoma Statutes shall
continue to be eligible employees for the purposes of
the Oklahoma Public Employees Retirement System. A
successor organization shall be considered a
participating employer only for such employees.
(f) A participating employer of the Teachers' Retirement
System of Oklahoma, who has one or more employees who
have made an election pursuant to enabling legislation
to retain membership in the System as a result of
change in administra tion, shall be considered a
participating employer of the Oklahoma Public
Employees Retirement System only for such employees;
(14) "Employee" means any officer or employee of a
participating employer, whose employment is not season al or
temporary and whose employment requires at least one thous and
(1,000) hours of work per year and wh ose salary or wage is equal to
the hourly rate of the monthly minimum wage for state employees. RBH No. 5558
Req. No. 5558 Page 23 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
For those eligible employers outlined in Section 910 o f this title,
the rate shall be equal to the hourly rate of the monthly minimum
wage for that employer. Each employer, whose minimum wage is less
than the state's minimum wage, shall inform the System of the
minimum wage for that employer. This notificat ion shall be by
resolution of the governing body.
(a) Any employee of the county extension agents who is not
currently participating in the Teachers ' Retirement
System of Oklahoma shall be a member of this System.
(b) Eligibility shall not include any empl oyee who is a
contributing member of the United States Civil Ser vice
Retirement System.
(c) It shall be mandatory for an officer, appointee or
employee of the office of district attorney to become
a member of this Syste m if he or she is not currently
participating in a county re tirement system. Provided
further, that if an officer, appointee or employee of
the office of district attorney is currently
participating in such county retirement system, he or
she is ineligible for this System as long as he or sh e
is eligible for such county retirement system. Any
eligible officer, appointee or employee of the offi ce
of district attorney shall be given credit for prior
service as defined in this section. The provisions RBH No. 5558
Req. No. 5558 Page 24 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
outlined in Section 917 of this title shall apply to
those employees who have previously withdrawn their
contributions.
(d) Eligibility shall also n ot include any officer or
employee of the Oklahoma Employment Security
Commission, except for those officers and e mployees of
the Commission electing t o transfer to this Syst em
pursuant to the provisions of Section 910.1 of this
title or any other class of officers or employees
specifically exempted by the laws of this state,
unless there be a consolidation as provide d by Section
912 of this title. Empl oyees of the Oklahoma
Employment Security Commission who are ine ligible for
enrollment in the Employment Security Commission
Retirement Plan, that was in effect on January 1,
1964, shall become members of this System.
(e) Any employee employed by the Legis lative Service
Bureau, State Senate or House of Representatives for
the full duration of a regular legisl ative session
shall be eligible for membership in the System
regardless of classification as a temporary employee
and may participate in the System dur ing the regular
legislative session at the option of the employe e.
For purposes of this subparagraph, th e determination RBH No. 5558
Req. No. 5558 Page 25 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
of whether an employee is employed for the full
duration of a regular legislative session shall be
made by the Legislative Service Bure au if such
employee is employed by the Legislative Service
Bureau, the State Senate if such employee is e mployed
by the State Senate, or by the House of
Representatives if such employee is employed by the
House of Representatives. Each regular legislative
session during which t he legislative employee or an
employee of the Legislative Service Bureau
participates full time shall be counted as six (6)
months of full-time participating service.
(i) Except as otherwise provi ded by this
subparagraph, once a temp orary session employee
makes a choice to participate or not, the choice
shall be binding for all future l egislative
sessions during which the employee is employed.
(ii) Notwithstanding the provisions of division (i) of
this subparagraph, any employee, who is eligible
for membership in the System because of the
provisions of this subparagraph and who was
employed by the State Senate or House of
Representatives after January 1, 1989, may file
an election, in a manner speci fied by the Board, RBH No. 5558
Req. No. 5558 Page 26 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
to participate as a member of the System prior to
September 1, 1989.
(iii) Notwithstanding the provisions of division (i) o f
this subparagraph, a temporary legislative
session employee who elected to become a member
of the System may wit hdraw from the System
effective the day said employee electe d to
participate in the System upon writt en request to
the Board. Any such reques t must be received by
the Board prior to October 1, 1990. All employee
contributions made by the temporary legisl ative
session employee shall be retur ned to the
employee without interest within four (4) months
of receipt of the written request.
(iv) A member of the System who did not initially
elect to participate as a member of the System
pursuant to this subparagra ph shall be able to
acquire service performed as a temporary
legislative session employee for periods of
service performed prior to the date u pon which
the person became a member of the System if:
a. the member files an election with the System
not later than December 31, 2000, to
purchase the prior service; and RBH No. 5558
Req. No. 5558 Page 27 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
b. the member makes payment to the System o f
the actuarial cost of the service credi t
pursuant to subsection A of Section 913.5 of
this title. The provisions of Section 913.5
of this title shall be applicable to the
purchase of the service credit, including
the provisions for determining service
credit in the event of incomplete payment
due to cessation of payments, death,
termination of employment or retirement, but
the payment may extend for a per iod not to
exceed ninety-six (96) months;
(15) "Entry date" means the date on which an eligible empl oyer
joins the System. The first entry d ate pursuant to Section 901 et
seq. of this title shall be January 1, 1964;
(16) "Executive Director" means the managing officer of the
System employed by the Board under Se ction 901 et seq. of this
title;
(17) "Federal Internal Revenue Code " means the federal Internal
Revenue Code of 1954 or 1986, as amended and as applicable to a
governmental plan as in effect on July 1, 1999;
(18) "Final average compensation" means the average annual
compensation, including amo unts deferred under deferred compensation
agreements entered into between a member and a participating RBH No. 5558
Req. No. 5558 Page 28 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
employer, up to, but not exceeding the maximum compe nsation levels
as provided in paragra ph (9) of this section received during the
highest three (3) of the last ten (10) years of participating
service immediately preceding retirement or termination of
employment and with respect to members whose first part icipating
service occurs on or after July 1, 2013, the compe nsation received
during the highest five (5) of the last ten (10) years of
participating service immediately preceding retirement or
termination of employment. Provided, no member shall retire wi th a
final average compensation unles s the member has made t he required
contributions on such compens ation, as defined by the Board of
Trustees;
(19) "Fiscal year" means the period commencing July 1 of any
year and ending June 30 of the next year. The fi scal year is the
plan year for purpos es of the federal Inter nal Revenue Code;
however, the calendar y ear is the limitation year for purposes o f
Section 415 of the federal Internal Revenue Code;
(20) "Fund" means the Oklahoma Public Employees Retirement Fu nd
as created by Section 901 et seq. of this title;
(21) "Leave of absence" means a period of absenc e from
employment without pay, authorized and approved by the employer and
acknowledged to the Board, and which after the effective date does
not exceed two (2) years; RBH No. 5558
Req. No. 5558 Page 29 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
(22) "Member" means an eligible employee or el ected official
who is in the System and i s making the required employee or elected
official contributions, or any former employee or elected official
who shall have made the required contributions to the System and
shall have not received a refund or withd rawal;
(23) "Military service" means service in the Armed Forces of
the United States by an honorably discharged person during the
following time periods, as reflected on such person 's Defense
Department Form 214, not to exceed five (5) years for combined
participating and/or prior service, as f ollows:
(a) during the following periods, including the beginning
and ending dates, and only for the periods served,
from:
(i) April 6, 1917, to November 1 1, 1918, commonly
referred to as World War I,
(ii) September 16, 1940, to December 7, 1941, as a
member of the 45th Division,
(iii) December 7, 1941, to December 31, 1946, commonly
referred to as World War II,
(iv) June 27, 1950, to January 31, 1955, commo nly
referred to as the Korean Conflic t or the Korean
War,
(v) February 28, 1961, to May 7, 1975, comm only
referred to as the Vietnam era, exce pt that: RBH No. 5558
Req. No. 5558 Page 30 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
a. for the period from February 28, 1961, to
August 4, 1964, military service shall only
include service in the Republic of Vietnam
during that period, and
b. for purposes of determining eligibility for
education and training benefits, such period
shall end on December 31, 1976, or
(vi) August 1, 1990, to December 31, 1991, commonly
referred to as the Gulf Wa r, the Persian Gulf
War, or Operation Desert Storm, but excl uding any
person who served on active dut y for training
only, unless discharged fr om such active duty for
a service-connected disability;
(b) during a period of war or combat military operation
other than a conflict, war or era liste d in
subparagraph (a) of this paragraph, beginning on the
date of Congressional authorization, Congressio nal
resolution, or Executive Order of the President of the
United States, for the use of the Armed Forces of the
United States in a war or combat milit ary operation,
if such war or combat military operation lasted f or a
period of ninety (90) days or more, for a person who
served, and only for the period served, in the area of
responsibility of the war or combat milita ry RBH No. 5558
Req. No. 5558 Page 31 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
operation, but excluding a person who served on active
duty for training only, unless discharged f rom such
active duty for a service -connected disability, and
provided that the burden of proof of military service
during this period shall be with the mem ber, who must
present appropriate doc umentation establishing such
service.
An eligible member under t his paragraph shall include only those
persons who shall have served during the times or in the areas
prescribed in this paragraph, and only if such person provides
appropriate documentation i n such time and manner as required by the
System to establish su ch military service prescribed in this
paragraph, or for service pursuant to subdivision a of division (v)
of subparagraph (a) of this paragraph those pers ons who were awarded
service medals, as authorized by the Un ited States Department of
Defense as reflected in the veteran's Defense Department Form 214,
related to the Vietnam Conflict for service prior to August 5, 1964;
(24) "Normal retirement date " means the date on which a member
may retire with full retiremen t benefits as provided in Section 901
et seq. of this title, such date being which ever occurs first:
(a) the first day of the month coinciding with or
following a member's: RBH No. 5558
Req. No. 5558 Page 32 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
(1) sixty-second birthday with respect to members
whose first participating service occurs prior to
November 1, 2011, or
(2) sixty-fifth birthday with respect to mem bers
whose first participating service occurs on or
after November 1, 2011, or with respect to
members whose first participating service occurs
on or after November 1, 2011, reaches a minimum
age of sixty (60) years and who also reaches a
normal retirement date pursuant to subparagraph c
of this paragraph,
(b) for any person who initially became a member prior to
July 1, 1992, and who does not reach a no rmal
retirement date pursuant to division (1) of
subparagraph (a) of this paragraph, the first day of
the month coinciding with or following the date at
which the sum of a member 's age and number of years of
credited service total eighty (80); such a norma l
retirement date will also apply to any person who
became a member of the sending system as defined in
Section 901 et seq. of this title, prior to July 1,
1992, regardless of whether there were breaks in
service after July 1, 1992, RBH No. 5558
Req. No. 5558 Page 33 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
(c) for any person who became a member after J une 30,
1992, but prior to November 1, 20 11, and who does not
reach a normal retir ement date pursuant to division
(1) of subparagraph (a) of this paragraph, the first
day of the month coinciding w ith or following the date
at which the sum of a member's age and number of years
of credited service total ninety (90),
(d) in addition to subparagraphs (a), (b) and (c) of this
paragraph, the first day of the month coinciding with
or following a member 's completion of at least twenty
(20) years of full-time-equivalent employment as:
(i) a correctional or probation and parole officer
with the Department of Corrections whose first
participating service occurs prior to November 1,
2024, and at the time of retirement, the m ember
was a correctional or probation and parole
officer with the Department of Corrections, or
(ii) a correctional officer, pro bation and parole
officer or fugitive apprehension agent with the
Department of Corrections who is in such position
on June 30, 2004, but prior to November 1, 2024,
or who is hired after June 30, 2004, but prior to
November 1, 2024, and who receives a prom otion or
change in job classification after June 30, 2004, RBH No. 5558
Req. No. 5558 Page 34 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
to another position in the Dep artment of
Corrections, so long as such officer or agent has
at least five (5) years of service as a
correctional officer, probatio n and parole
officer or fugitive app rehension agent with the
Department, has twenty (20) years of full -time-
equivalent employment with the Department and was
employed by the Department at the time of
retirement, or
(iii) a firefighter with the Oklahoma Mil itary
Department either employed for the first time on
or after July 1, 2002, or who was employed prior
to July 1, 2002, in s uch position and who makes
the election authorized by division (2) of
subparagraph b of paragraph (9) of su bsection A
of Section 915 of this title and at the time of
retirement, the member was a firefighter with the
Oklahoma Military Department, and such m ember has
at least twenty (20) years of credited service
upon which the two and one-half percent (2 1/2%)
multiplier will be used i n calculating the
retirement benefit, or RBH No. 5558
Req. No. 5558 Page 35 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
(iv) a public safety officer employed by the Grand
River Dam Authority for the first time on or July
1, 2016, or
(v) a deputy sheriff or jailer em ployed by any county
that is a participating employer in the System
for the first time as a deputy sherif f or jailer
on or after November 1, 2020,
(e) for those fugitive apprehension agents who retire on
or after July 1, 2002, but prior to November 1, 2024 ,
the first day of the month coinciding with or
following a member's completion of at least twenty
(20) years of full-time-equivalent employment as a
fugitive apprehension agent with the Department of
Corrections and at the t ime of retirement, the member
was a fugitive apprehension agent with t he Department
of Corrections, or
(f) for any member who was contin uously employed by an
entity or institution within The Oklahoma State System
of Higher Education and whose initial emplo yment with
such entity or insti tution was prior to July 1, 1992,
and who without a break in service of more than thirty
(30) days became employed by an employer participating
in the Oklahoma Public Employees Retirement System,
the first day of the month co inciding with or RBH No. 5558
Req. No. 5558 Page 36 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
following the date at which the sum of the member 's
age and number of years of cred ited service total
eighty (80);
(25) "Participating employer " means an eligible employer who
has agreed to make contributions to the System on behalf of it s
employees;
(26) "Participating service" means the period of employm ent
after the entry date for w hich credit is granted a member;
(27) "Prior service" means the period of employment of a member
by an eligible employer prior to the member 's entry date for which
credit is granted a me mber under Section 901 et seq. of this title;
(28) "Retirant" or "retiree" means a member who has retire d
under the System;
(29) "Retirement benefit" means a monthly income with benefits
accruing from the first day of the m onth coinciding with or
following retirement and ending on the last da y of the month in
which death occurs or the actuarial equivalent t hereof paid in such
manner as specified by the member pursuant to Section 901 et seq. of
this title or as otherwise allo wed to be paid at the discretio n of
the Board;
(30) "Retirement coordinator" means the individual d esignated
by each participating empl oyer through whom System transactions and
communication shall be directed; RBH No. 5558
Req. No. 5558 Page 37 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
(31) "Social Security" means the old-age survivors and
disability section o f the Federal Social Security Act;
(32) "Total disability" means a physical or mental disability
accepted for disability benefits by the Federal Social Security
System;
(33) "Service-connected disability benefits " means military
service benefits which ar e for a service-connected disability ra ted
at twenty percent (20%) or more by the Veterans Administration or
the Armed Forces of the United States;
(34) "Elected official" means a person elected to a state
office in the legislative or executive branch of state government or
a person elected to a county office for a definit e number of years
and shall include an individual who is appointed to fill the
unexpired term of an elected state official;
(35) "Elected service" means the period of service as an
elected official;
(36) "Limitation year" means the year used in applying the
limitations of Section 415 of th e Internal Revenue Code of 1986,
which year shall be the calendar year; and
(37) "Public safety officers of the Grand River Dam Authority"
means those persons hired by the Grand River Dam Authority on or
after the effective date of this act who are certif ied by the
Council on Law Enforcement Education and Training or an equivalent
certifying entity for law enforcement per sonnel training and who RBH No. 5558
Req. No. 5558 Page 38 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
perform law enforcement functions as part of t heir regularly
assigned duties and responsibilities on a full -time basis. With
respect to any public safety officer hired by the Grand River Dam
Authority on or after the effective date of this act, any earned
benefits or credits toward retirement benefit s from previous
participation within the Oklahoma Public Employees Retirement System
or the Oklahoma Law Enforcement Retirement System shall remain
within that system.
SECTION 3. AMENDATORY 74 O.S. 2021, Section 915, is
amended to read as follows:
Section 915. A. (1) Except as otherwise provid ed in this
subsection and as provided for elected officials in Section 913.4 of
this title, any member who s hall retire on or after the member 's
normal retirement date shall be ent itled to receive an annual
retirement benefit equal to two percent (2%) of t he member's final
average compensation as determined pursuant to paragraph (18) of
Section 902 of this title , multiplied by the number of years of
credited service that has been cr edited to the member in accordance
with the provisions of Section 913 of thi s title other than years
credited pursuant to paragraph (2) of this subsection.
(2) Effective January 1, 20 04, except as otherwise provided for
elected officials in Section 913.4 of this title and except for
those members making contributions pursuant to paragraphs (c), (d),
(e) and (f) of subsection (1) of Section 919.1 of this tit le, any RBH No. 5558
Req. No. 5558 Page 39 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
member who shall reti re shall be entitled to receive an annu al
retirement benefit equal to tw o and one-half percent (2 1/2%) of the
member's final average compensation a s determined pursuant to
paragraph (18) of Section 902 of this title, multiplie d by the
number of full years of participating service after January 1, 2004,
that have been credited to the member in accordance with the
provisions of Section 913 of this titl e and only for those full
years of participating service for which contribution s have been
made pursuant to paragraph (g) of subsection (1) of Sect ion 919.1 of
this title. The two and one-half percent (2 1/2%) multiplie r shall
not apply to purchased servi ce, purchased or granted military
service or transferred service. In order to receive the two and
one-half percent (2 1/2%) multiplier in computin g retirement
benefits, an active member shall make an irrevocable written
election to pay the contributions p ursuant to paragraph (g) of
subsection (1) of Section 919.1 of this title. The two and one-half
percent (2 1/2%) multiplier pursuant to this parag raph shall not
apply to additional years of service credit attributed to sick leave
pursuant to paragraph 7 o f subsection B of Section 913 of this title
and fractional years pursuant to su bsection C of Section 913 of this
title and shall be attributable on ly to the participating service
credited after the election of the member .
(3) The minimum final average com pensation for any person who
becomes a member of the System on or after July 1, 1995: RBH No. 5558
Req. No. 5558 Page 40 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
a. and who had twenty (20) or more years of credited
service within the System as of the membe r's
retirement date shall be no less tha n Thirteen
Thousand Eight Hundred Do llars ($13,800.00) per annum,
b. and who had at least fifteen (15) but not more than
nineteen (19) years of credited service within the
System as of the member's retirement date sh all be no
less than Six Thousand Nine Hu ndred Dollars
($6,900.00) per annum,
c. and who had less than fifteen (15) years of credited
service within the Sys tem as of the member's
retirement date shall not be eligible for any minimum
amount of final average compensation and the member's
final average compensation shall be the final average
compensation as defined by paragraph (18) of Section
902 of this title.
(4) Provided, further, any member who has elected a vested
benefit pursuant to Section 917 of this title shall be entitled to
receive benefits as outlined in this section exce pt the percent
factor and the member 's maximum compensation level in effect the
date the member's employment was terminated with a participating
employer shall be applicable.
(5) Any member who is a correctional officer or a probation and
parole officer employed by the Department of Corrections at the time RBH No. 5558
Req. No. 5558 Page 41 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
of retirement and who retires on or before June 30, 2000, shall be
entitled to receive an annu al retirement benefit equal to tw o and
one-half percent (2 1/2%) of the f inal average compensation of the
member not to exceed Twenty -five Thousand Dollars ($25,000.00) and
two percent (2%) of the final average salary in excess of Twenty-
five Thousand Dollars ($25,000.00) but not exceedin g the maximum
compensation level as prov ided in paragraph (9) of Section 902 of
this title, multiplied by the number of years of service as a
correctional officer or a probation and pa role officer; provided,
any years accrued prior to July 1, 1990, as a co rrectional officer
or a probation and pa role officer by a member who is empl oyed as a
correctional officer or a probation and parole officer on July 1,
1990, shall be calculated for re tirement purposes at two and one -
quarter percent (2 1/4%) of the final a verage compensation of the
member not to exceed Twenty-five Thousand Dollars ($25,000.00) and
two percent (2%) of the final average salary in excess of Twe nty-
five Thousand Dollars ($2 5,000.00) but not exceeding the maximum
compensation level as provided i n paragraph (9) of Section 902 of
this title, multiplied by the number of ye ars of such service and
any years in excess of twenty (20) years as such an off icer or years
credited to the member in accordance with the provisio ns of Section
913 of this title shall be calculated for retirement purpos es at two
percent (2%) of the final average compensation of the member
multiplied by the number of years of such se rvice. Any person who RBH No. 5558
Req. No. 5558 Page 42 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
contributes to the System as a correctional o fficer or a probation
and parole officer as provided in paragraph (b) or (c) of subsection
(1) of Section 919.1 of this title, on or before June 30, 2000, but
who does not make such contri butions after June 30, 2000, and who
does not qualify for normal ret irement under subparagraph (c) of
paragraph (24) of Section 902 of this t itle shall have retirement
benefits for each year of full -time-equivalent participating service
as a correctional or a probation and parole offi cer after July 1,
1990, computed on two and one-half percent (2 1/2%) of the final
average compensation based up on those years as a correctional
officer or a probation and parole officer. Provided, further, any
fugitive apprehension agent shall be entitle d to receive benefits as
outlined in this act for service as a fugitive apprehension agent
prior to July 1, 2002 , only upon payment to the System of the
employee contributions which would have been paid if such fugitive
apprehension agent had been covered by this section prior to the
effective date of this act, plus interest o f not to exceed ten
percent (10%) as det ermined by the Board. The Departmen t of
Corrections may make the employee contribution and interest payment
on behalf of such member.
(6) Any member who is a correctional officer, a probation and
parole officer or a fugitive apprehension agent employed b y the
Department of Corrections at t he time of retirement whose first
participating service occurs prior to Novembe r 1, 2024, and who RBH No. 5558
Req. No. 5558 Page 43 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
retires on or after July 1, 2002, shall be entitled to receive an
annual retirement benefit equal to two and one-half percent (2 1/2%)
of the final average compensation of the member, but not exceeding
the maximum compensation level as p rovided in paragraph (18) of
Section 902 of this title, multiplied by the number of years of
service as a correctiona l officer, a probation and parole officer or
a fugitive apprehension agent, and any years in excess of twenty
(20) years as such an officer or agent, or years credited to the
member in accordance with the provisions of Section 913 of this
title, shall be calculated for retirement purposes at two percent
(2%) of the final average compensation of the member multiplied by
the number of years of such service. For purposes o f this
paragraph, "final average compensation " shall be determined by
computing the average annual salary, in the manner prescribed by
paragraph (18) of Section 902 of this title, for the highest three
(3) years of the last ten (10) years of participating service
immediately preceding retirement or termination of employment for
all years of service performed by such member, both for years of
service performed as a correctional officer, probation and parole
officer or fugitive ap prehension agent, not in exce ss of twenty (20)
years, and for years of service performed in excess of twenty (20)
years, whether as a correctional officer, probation and parole
officer, fugitive apprehension agent or other position unless the
computation of benefits would result in a lower retirement benefit RBH No. 5558
Req. No. 5558 Page 44 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
amount than if final average compensation were to be computed a s
otherwise provided by this paragraph. "Final average compensation"
shall be determined by computing the average annual salary for the
highest five (5) of the last te n (10) years of participating service
immediately preceding retirement or termination of employment, with
respect to members whose first par ticipating service occurs on or
after July 1, 2013.
(7) Any member who is a correction al officer, a probation and
parole officer or a fugitive apprehension agent who has at least
five (5) years of servic e as a correctional officer, a probation and
parole officer or a fugitive apprehension agent who is in such
position on June 30, 2004, and whose first participating ser vice
occurs prior to November 1, 20 24, or who is hired after June 30,
2004, but prior to November 1, 2024, in such position, and who
receives a promotion or change in job classification after June 30,
2004, to another position in the Department of Corrections, and who
is employed by the Department of Corrections at the time of
retirement and who retires on or after July 1, 2004, shall be
entitled to receive an annual retirement benefit equal to two and
one-half percent (2 1/2%) of the final average compensation of the
member, but not exceeding the maximum compensation level as provided
in paragraph (18) of Section 90 2 of this title, multiplied by the
number of years of service with the Department of Corrections a nd
any years in excess of twenty (20) years with the Department or RBH No. 5558
Req. No. 5558 Page 45 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
years credited to the member in accordance with the provisions of
Section 913 of this title , shall be calculated for retirement
purposes at two percent (2%) of the final average compensatio n of
the member multiplied by the number of years of such service. For
purposes of this paragraph, "final average compensation " shall be
determined by comput ing the average annual salary, in th e manner
prescribed by paragraph (18) of Section 902 of this t itle, for the
highest three (3) years of the last ten (10) years of participating
service immediately preceding retirement or terminat ion of
employment for all years of service performed by such member with
the Department. "Final average compensation " shall be determined by
computing the average annual salary for the highest five (5) of the
last ten (10) years of participating service i mmediately preceding
retirement or termination of employment , with respect to members
whose first participating service oc curs on or after July 1, 2013.
(8) Any person who contributed to the System as a correctional
officer, a probation and parole officer or a fugitive apprehens ion
agent as provided in paragraph ( b) or (c) of subsection (1) of
Section 919.1 of this title, whose first participating service
occurs prior to November 1, 2024, and who retires under normal
retirement or early retirement on or af ter January 1, 2004, under
paragraph (24) of Section 902 of this title, and any public safety
officer described by paragraph (37) of Sectio n 902 of this title
hired on or after the effective date of this act by the Grand Ri ver RBH No. 5558
Req. No. 5558 Page 46 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Dam Authority and who retires on or after the effecti ve date of this
act, shall have reti rement benefits for each year of full -time-
equivalent participating service as a correctional officer, a
probation and parole offi cer or a fugitive apprehension ag ent, or
Grand River Dam public sa fety officer computed on two and one-half
percent (2 1/2%) of the final average compensation based upon those
years as a correctional offic er, a probation and parole of ficer, a
fugitive apprehension agent or a Grand River D am public safety
officer. For purposes of this paragraph , "final average
compensation" shall be determined by computing the average annual
salary, in the manner prescribed by paragraph (18) of Section 902 of
this title, for the highest three (3) years of the last ten (10)
years of participating service immediat ely preceding retirement or
termination of employment for all years of service performed by such
member, both for years of service performed as a correctional
officer, probation and parole officer or fugitive apprehension
agent, or years of service perform ed as a Grand River Dam public
safety officer, not in excess of twenty (20) years, and for years of
service performed in excess of twenty (20) y ears, whether as a
correctional officer, probation and parole officer, fugitive
apprehension agent, Grand River Dam public safety officer, or other
position unless the computation of benefits would result in a lower
retirement benefit amount than if final average compensation w ere to
be computed as otherwise p rovided by this paragraph. "Final average RBH No. 5558
Req. No. 5558 Page 47 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
compensation" shall be determined by computing the average annual
salary for the highest five (5) of the last ten (10) years of
participating service immediat ely preceding retireme nt or
termination of employment, with respect to members whose fir st
participating service occurs on or after July 1, 2013, or with
respect to Grand River Dam public safety officers whose first
participating service occurs on or after the effective date of this
act.
(9) Any member who is :
a. initially on or after July 1 , 2002, employed as a
firefighter for the Oklahoma Military Department and
who retires on or after the member 's normal retirement
date shall be entitled to receive an a nnual retirement
benefit equal to two and one -half percent (2 1/2%) of
the final average compensation of the mem ber
multiplied by the number of year s of service in such
service,
b. (1) a firefighter who performs firefighting se rvices
for the Oklahoma Milit ary Department prior t o
July 1, 2002, and who makes an election in
writing on a form pre scribed for this purpose by
the System not later than Decemb er 31, 2002,
shall be entitled to receive a retirement benefit
based upon two and one-half percent (2 1/2%) of RBH No. 5558
Req. No. 5558 Page 48 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
the final average compensation of the member
multiplied by the number of years of ser vice as a
firefighter with the Oklahoma Military Department
on or after July 1, 2002. The election
authorized by this subdivision shall be
irrevocable once the electio n is filed with the
System,
(2) a firefighter who perfo rms firefighting services
for the Oklahoma Military Depar tment prior to
July 1, 2002, and who makes the election in
division (1) of this subparagraph may also make
an election in writing on a form pres cribed for
this purpose by the System not later than
December 31, 2002, to receive a ret irement
benefit based upon two and one-half percent (2
1/2%) of the final average compensation of the
member multiplied by the number of ye ars of
service as a firefight er with the Oklahoma
Military Department prior to July 1, 2002. The
election authorized by this subdivision sha ll be
irrevocable once the election is filed with the
System. Retirement benefits shall be calculated
based upon the two and one-half percent (2 1/2%) RBH No. 5558
Req. No. 5558 Page 49 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
multiplier upon payment being made pursuant to
Section 913.5 of this title.
(10) Any person who contrib utes to the System as a deputy
sheriff or county jailer as provided in paragraph (f) of subsection
(1) of Section 919.1 of this title, and who r etires under normal
retirement or early retirement unde r division (v) of subparagraph
(d) of paragraph (24) of S ection 902 of this title, shall have
retirement benefits for each year of full -time-equivalent
participating servic e as a deputy sheriff or coun ty jailer computed
on two and one-half percent (2 1/2%) of the final average
compensation based upon those years as a deputy sheriff or county
jailer, and any years in excess of twenty (20) years as a deputy
sheriff or county jailer, or years credited to the member in
accordance with the provisions of Section 913 of this title, shall
be calculated for retirement pur poses at two percent (2%) of the
final average compensation of the member multiplied by the number of
years of such service. For purposes of this paragraph, "final
average compensation" shall be determined by computing the average
annual salary, in the ma nner prescribed by paragraph (18) of Section
902 of this title, both for years of service performed as a deputy
sheriff or county jailer not in excess of twenty (20) years, and for
years of service performed in excess of twenty (20) years, whether
as a deputy sheriff or county jailer. RBH No. 5558
Req. No. 5558 Page 50 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
(11) Upon death of a retiree, there shall be paid to his or her
beneficiary an amoun t equal to the excess, if any , of his or her
accumulated contributions over the sum of all retirement benefit
payments made.
(12) Such annual retirement benefits shall be paid in equal
monthly installments, except that the Board may provide for the
payment of retirement benefits whic h total less than Two Hundred
Forty Dollars ($240.00) a year on other than a monthly bas is.
(13) Pursuant to th e rules established by the Board, a retiree
receiving monthly benefits from the System may authorize warrant
deductions for any products current ly offered to active s tate
employees through the Employ ees Benefits Council, provided th at
product is offered to state retirees as a group and has a minimum
participation of five hundred state retirees. The System has no
responsibility for the marketing, enrolling or administr ation of
such products, but shall retain a processing fee of two p ercent (2%)
of the gross deductions for the products. Retir ement benefit
deductions shall be made for membership dues for any statewide
association for which payroll deductions are authoriz ed pursuant to
subsection B of Section 34.70 of Title 62 of the Ok lahoma Statutes
for retired members of any state -supported retirement system, upon
proper authorization given by the member to the board fr om which the
member or beneficiary is currently rec eiving retirement benefits. RBH No. 5558
Req. No. 5558 Page 51 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
B. A member shall be considered disab led if such member
qualifies for the payment of Social Secur ity disability benefits, or
the payment of benefits pursuant to the Railroad Re tirement Act of
1974, Section 231 et seq. of Title 45 of the United States Code, and
shall be eligible for benefits h ereunder upon proof of s uch
disability, provided such member is an active regularly scheduled
employee with a participating employer at the time of injury or
inception of illness or disease resulting in subsequent
certification of eligibility for Social Se curity disability benefi ts
by reason of such injury, illness or disease, providing such
disability is certified by the Social Security Admi nistration within
one (1) year after the last date physically on the job and after
completion of at least eight (8) y ears of participating se rvice or
combined prior and particip ating service or resulting in subsequent
certification of eligibility of disabi lity by the Railroad
Retirement Board providing suc h certification is made by the
Railroad Retirement Board within on e (1) year after the las t date
physically on the job and aft er completion of at least eight (8)
years of participating service or combined prior and participating
service. The member shall submit to the Retirement System t he
Social Security Award Notice o r the Railroad Retiremen t Award Notice
certifying the date o f entitlement for disability benefits, as
issued by the Social Security Adminis tration, Department of Health
and Human Services or the Railroad Retirement Board. Disability RBH No. 5558
Req. No. 5558 Page 52 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
benefits shall become effective on the date of entitlement as
established by the S ocial Security Administration or the Railroad
Retirement Board, but not before the first day of the month
following removal from t he payroll, whichever is later, a nd final
approval by the Retireme nt System. Benefits sha ll be based upon
length of service and compensation as of the date of disability,
without actuarial reduction becau se of commencement prior to t he
normal retirement date. The only optional form of b enefit payment
available for disability benefits is Optio n A as provided for in
Section 918 of this title. Option A must be elected in accordance
with the provisions of Se ction 918 of this title. Benefit payments
shall cease upon the member's recovery from disability prior to the
normal retirement date. Futur e benefits, if any, shall be paid
based upon length of service and compensation as of the date of
disability. In the event that disability ceas es and the member
returns to employment within the Syst em credited service to the date
of disability shall be re stored, and future benefits shall be
determined accordingly.
C. A member who incurred a disability pursuant to sub section B
of this section on or after July 1, 1999, and who has retired from
the System with an early retirement bene fit pending certificatio n
from the Social Security Administr ation or the Railroad Retirement
Board shall receive a retirement benefit not l ess than the
disability retirement benefit provided by subsection B of this RBH No. 5558
Req. No. 5558 Page 53 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
section once the System receives a Social Security Award Notice o r a
Railroad Retirement Award Notice pursuant to subsection B of this
section and a completed Application for Disab ility Benefits. In
addition, such member shall rec eive the difference, if any, betw een
the early retirement benefit and the disability benef it from the
date the Social Security Administration or the Railroad Retirement
Board establishes disability entitle ment.
D. Any actively participating member of the System on or after
July 1, 1998, except for those employees provid ed in subparagraph
(e) of paragraph (14) of Section 902 of t his title, whose employment
is less than full-time, shall have his or her final average
compensation calcula ted on an annualized b asis using his or her
hourly wage subject to the maximum compensat ion limits; provided,
however, any such member whose first p articipating service occurred
before July 1, 2013, and who has at least three ( 3) years of full-
time employment during the last te n (10) years immediately precedin g
termination or retirement shall not be eligible for the
annualization provisions contained herein; and provided further, any
such member whose first participating service occurred on or after
July 1, 2013, and who has at least five (5) years of full -time
employment during the last ten ( 10) years immediately pr eceding
termination or retirement sh all not be eligible for the
annualization provisions contained herein. The Boa rd of Trustees RBH No. 5558
Req. No. 5558 Page 54 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
shall promulgate such administrative rules as are necessary to
implement the provisions of this subsec tion.
SECTION 4. AMENDATORY 74 O.S . 2021, Section 916.3, is
amended to read as follows:
Section 916.3 A. Notwithstanding the provisions of Sections
901 through 932 of this title, a monthly pension, as provide d in
subsection B of this section, shall be paid on behalf of any member
who is a correctional officer or probation and parole officer of the
Department of Corrections and who is killed or mortally wounded on
or after January 1, 2000, but prior to November 1, 2024, during the
performance of the member's duties for the Department or an y
employee of the Department of Corrections who is killed or mortally
wounded after June 30, 2004, during the performance of the member 's
duties for the Department. The monthly pension describe d in this
section shall be paid on behalf of any member first hired by any
county that is a participating employer in the System as a deputy
sheriff or jailer on or after November 1, 2020, and who is killed or
mortally wounded during the performance of the member's duties as a
deputy sheriff or jailer.
B. The monthly benefit shall be equal to:
1. Two and one-half percent (2 1/2%);
2. Multiplied by twenty (20) years of service, regardl ess of
the actual number of years of credited service performed by the
member prior to death, if the member had performed less than t wenty RBH No. 5558
Req. No. 5558 Page 55 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
(20) years of credited service, or the actual number of years of
credited service of the member if greater than twent y (20) years;
3. Multiplied by the member 's final average compensation ; and
4. Divided by 12.
C. The pension provided for in subse ction A of this section
shall be paid:
1. Except as provided in subsection D of this section, to the
surviving spouse for life; or
2. If there is no surviving spouse or upon the death of the
surviving spouse:
a. to the surviving child or children of said member or
legal guardian of such child or children for such time
as such child or children are under the age of
eighteen (18) years, or
b. to the surviving child or children between the age of
eighteen (18) and twenty-two (22) years if the child
is enrolled full time in and is regularly attending a
public or private school or any institution of higher
education.
D. No surviving spouse shall receive benefits from this
section, Section 49-113 of Title 11 of the Oklahoma Statutes,
Section 50-117 of Title 11 of the Oklahoma Statutes, or Section 2 -
306 of Title 47 of the Oklahoma Statutes as the surviving spouse of
more than one member of the Oklahoma Firefighters Pension and RBH No. 5558
Req. No. 5558 Page 56 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Retirement System, the Ok lahoma Police Pension and Retirement
System, the Oklahoma Law Enforcement Retirement System, or the
Oklahoma Public Employees Retirement System. The surviving spouse
of more than one member shall elect which member 's benefits he or
she will receive.
E. In addition to the pension above provided for, if said
member leaves one or more children under the age of eighteen (18)
years or under the age of twenty -two (22) years if the child is
enrolled full-time in and is regularly attending a public or private
school or any institution of higher education, Four Hundred Dolla rs
($400.00) a month shall be paid to the surviving spouse or to the
person having the care and custody of such children if there is no
surviving spouse or if the surviving spouse dies and until each
child reaches the age of eighteen (18) years or reaches the age of
twenty-two (22) years if the child is enrolled full -time in and is
regularly attending a public or private schoo l or any institution of
higher education.
F. The pension benefit provi ded in this section shall be made
prospectively only from the effective date of this act. The
benefits shall be payable beginning the later of the first day of
the month following the date that such employee was killed or dies
from a mortal wound, as prov ided in this section, or the effective
date of this act. RBH No. 5558
Req. No. 5558 Page 57 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
G. The Board of the Oklahoma Public Employees Retirement System
shall promulgate such rules as are necessary to implement the
provisions of this section.
SECTION 5. AMENDATORY 74 O.S. 2021, Section 919.1, is
amended to read as follows :
Section 919.1 (1) Employee contributions to the System shall
be:
(a) for employees except as otherwise pro vided in
paragraphs (b), (c), (d), (e), (f) and (g) of this
subsection: beginning Jul y 1, 2006, and thereafte r,
three and one-half percent (3.5%) of allowable annual
compensation;
(b) for correctional officers and probation and parole
officers employed by the Department of Cor rections
prior to November 1, 2024: beginning July 1, 1998,
and thereafter, and for correctional officers or
probation and parole officers who are in such position
on June 30, 2004, but prior to November 1, 2024 , or
who are hired after June 30, 2004, but prior to
November 1, 2024, and who receive a promotion or
change in job classification a fter June 30, 2004, to
another position in the Department of Corrections, so
long as such officers have at least five (5) years of
service as a correctional officer or probation and RBH No. 5558
Req. No. 5558 Page 58 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
parole officer, eight percent (8%) of allow able
compensation as provided i n paragraph (9) of Section
902 of this title;
(c) for fugitive apprehension agents who are employed with
the Department of Corrections on or after July 1,
2002, but prior to November 1, 20 24, and for fugitive
apprehension agents who are in such position on June
30, 2004, or who are hired aft er June 30, 2004, but
prior to November 1, 2024 , and who receive a promotion
or change in job classification a fter June 30, 2004,
to another position in the Department of Corrections,
so long as such agents have at least five (5) years of
service as a fugitive apprehension agent, eight
percent (8%) of allowable compensation as provided in
paragraph (9) of Section 902 of this title;
(d) for firefighters of the Oklahoma Military Department
first employed beginning July 1, 2 002, and thereafter,
and such firefighters who performed service prior to
July 1, 2002, for the Oklahoma Military Department and
who make the election authorized by division (1) of
subparagraph b of paragraph (9) of subsection A of
Section 915 of this titl e who perform service on or
after July 1, 2002, in such capacity, eight percent RBH No. 5558
Req. No. 5558 Page 59 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
(8%) of allowable compensation as provided in
subsection (9) of Se ction 902 of this title;
(e) for all public safety officers of the Grand River Dam
Authority as defined by par agraph (37) of Section 902
of this title, eight percent (8%) of allowable
compensation as provided in paragraph (9) of Section
902 of this title;
(f) for deputy sheriffs and county jailers employed by any
county that is a participat ing employer in the Syst em
for the first time as a depu ty sheriff or jailer on or
after November 1, 2020, eigh t percent (8%) of
allowable compensation as provided in para graph (9) of
Section 902 of this title; an d
(g) for all employees except those who mak e contributions
pursuant to paragraphs (b), (c), (d), ( e) and (f) of
this subsection who make an irrevocable w ritten
election pursuant to paragraph (2) of subsection A of
Section 915 of this title: six and forty -one one-
hundredths percent (6.41%) of allow able annual
compensation.
The contributions required by paragraphs (b), (c), (e), and (f)
of this subsection s hall be made by a member for not more than
twenty (20) years and thereafter shall be as provided in pa ragraph
(a) of this subsection. RBH No. 5558
Req. No. 5558 Page 60 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
(2) Contributions shall be deducted by each state agency by the
participating employer for such benefits as the Board is authorized
to administer as provided for by law. Employee a nd employer
contributions shall be remitte d monthly, or as the Board may
otherwise provide, to the Executive D irector for deposit in the
Oklahoma Public Employees Retirement Fund.
(3) Each participating employer shall pick up under the
provisions of Section 414(h)(2) of the Internal Revenue Code of 1986
and pay the contribution which the m ember is required by law to make
to the System for all compensation earned after December 31, 1988.
Although the contributions so picked up are designated as member
contributions, such contributions shall be tre ated as contributions
being paid by the part icipating employer in li eu of contributions by
the member in determining tax treatment under the Internal Reve nue
Code of 1986 and such picked up contributions shall not be
includable in the gross income of the m ember until such amounts are
distributed or made available to the me mber or the beneficiary of
the member. The member, by the terms of this System, shall not have
any option to choose to receive the contributions so picked up
directly and the picked up co ntributions must be paid by the
participating employer to the System .
Member contributions which ar e picked up shall be treated in the
same manner and to the same extent as member contributions made
prior to the date on which member contributions were pick ed up by RBH No. 5558
Req. No. 5558 Page 61 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
the participating employer. Member contributions so picked up shall
be included in gross salary for purposes of determining benefits and
contributions under the System.
The participating employer shall pa y the member contributions
from the same source of funds used in paying salary to the member,
by effecting an equal cash reduction in gross s alary of the member.
(4) By September 1, 1989, the Sys tem shall refund the
accumulated employee contributions of a ny member who elects to
retain the member's membership in the Teachers ' Retirement System of
Oklahoma, in accordance with Section 17 -104 of Title 70 of the
Oklahoma Statutes, to such member. Upon the refund of the
accumulated employee contributions referr ed to in this subsection,
all benefits and rights accrued to such member are terminate d.
SECTION 6. This act shall become effecti ve November 1, 2024.
59-1-5558 CMA 01/13/23
THOMAS E. CUMMINS CONSULTING ACTUARY, INC.
2512 E. 71
st
Street , Suite D ∙ Tulsa, Oklahoma 74136
(918) 492-9658 ∙ (918) 492- 9659
January16, 2023
Representative Justin Humphrey
Room 301
Re: RBH No. 5558
RBH No. 5558 would change the definition of Oklahoma Law Enforcem ent
Retirement System eligible employee to include Correction Officer
Probation and Parole Officer and Fugitive Appr ehension Agent hired
by the Department of Corrections after 10/31/2024.
Currently such officers would become participants in OPERS with an
increased benefit schedule similar to OLERS benefits.
RBH No. 5558 is a fiscal bill as defined by 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