Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB692 Compare Versions

Version 1 (Old)

Version 2 (New)

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29		-	SENATE FLOOR VERSION
30		-	February 28, 2024
31		-	AS AMENDED
32		-
33		-	SENATE BILL NO. 692 By: Murdock, Burns, and Bullard
34		-	of the Senate
35		-
36		-	and
37		-
38		-	Hays of the House
39		-
40		-
41		-
42		-
43		-	[ public retirement systems - membership -
44		-	contributions - death benefits ]
45		-
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	52	+
	53	+	STATE OF OKLAHOMA
	54	+
	55	+	1st Session of the 59th Legislature (2023)
	56	+
	57	+	SENATE BILL 692 By: Murdock
	58	+
	59	+
	60	+
	61	+
	62	+
	63	+	AS INTRODUCED
	64	+
	65	+	An Act relating to public retirement systems ;
	66	+	amending 74 O.S. 2021, Sections 90 2, 915, 916.3,
	67	+	919.1, and 920A, which r elate to the Oklahoma Public
	68	+	Employees Retirement System definitions, benefit
	69	+	amount, and contributions ; providing for membership
	70	+	by emergency medical personnel; conforming language;
	71	+	establishing employee and employer contributions;
	72	+	updating statutory language; and providing for death
	73	+	benefits.
46	74
47	75
48	76
49	77		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
50		-	SECTION 1. AMENDATORY 74 O.S. 2021, Section 902, as
51		-	amended by Section 2, Chapter 146, O.S.L. 2023 (74 O.S. Supp. 2023,
52		-	Section 902), is amended to read as follows:
	78	+	SECTION 1. AMENDATORY 74 O.S. 2021, Section 902, is
	79	+	amended to read as follows:
53	80		Section 902. As used in Section 901 et seq. of this title:
54	81		(1) “System” means the Oklahoma Public Employees Retirement
55		-	System as established by Section 901 et seq. of this title ~~and as it~~
56		-	may hereafter be amended;
	82	+	System as established by this act Section 901 et seq. of this title
	83	+	and as it may hereafter be amended;
57	84		(2) “Accumulated contributions ” means the sum of all
58	85		contributions by a member to the System which shall be credited to
59	86		the member’s account;
60		-	(3) “Act” means Sections 901 to 932, inclusive, of this title; RBS No. 1061
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	87	+	(3) “Act” means Sections 901 to 932, inclusive, of this title;
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88	139		(4) “Actuarial equivalent ” means a deferred income be nefit of
89	140		equal value to the accumulated deposits or benefits when computed
90	141		upon the basis of the actuarial tables in use by the System;
91	142		(5) “Actuarial tables” means the actuarial tables approved and
92	143		in use by the Board at any given time;
93	144		(6) “Actuary” means the actuary or firm of a ctuaries employed
94	145		by the Board at any given time;
95	146		(7) “Beneficiary” means any person named by a member to receive
96	147		any benefits as provided for by Section 901 et seq. of this title.
97	148		If there is no beneficiary living at time of member employee’s
98	149		death, the member’s estate shall be the beneficiary;
99	150		(8) “Board” means the Oklahoma Public Employees Retirement
100	151		System Board of Trustees;
101	152		(9) “Compensation” means all salary and wages, as defined by
102	153		the Board of Trustees, including amou nts deferred under deferred
103	154		compensation agreements entered into between a member and a
104	155		participating employer, but exclusive of. Compensation shall not
105	156		mean payment for overtime, payable to a member of the System for
106	157		personal services performed for a par ticipating employer but shall
107	158		not include, compensation or reim bursement for traveling, or moving
108	159		expenses, or any compensation in excess of the maximum compensation
109		-	level, provided: RBS No. 1061
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	160	+	level, provided:
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137	212		(a) For compensation for service prior to January 1, 1988,
138	213		the maximum compensation level shall be Twe nty-five
139	214		Thousand Dollars ($25,000 .00) per annum.
140	215		For compensation for service on or after January 1,
141	216		1988, through June 30, 1994, the maximum compensation
142	217		level shall be Forty Thousand Dollars ($40,000.00) per
143	218		annum.
144	219		For compensation for service on or aft er July 1, 1994,
145	220		through June 30, 1995, the maximum compensation level
146	221		shall be Fifty Thousand Dol lars ($50,000.00) per
147	222		annum; for compensation for service on or after July
148	223		1, 1995, through June 30, 1996, the maximum
149	224		compensation level shall be Sixty Thous and Dollars
150	225		($60,000.00) per annum ; for compensation for service
151	226		on or after July 1, 1996, through June 30, 1997, the
152	227		maximum compensation level shall be Seventy Thousand
153	228		Dollars ($70,000.00) per annum; and for compensation
154	229		for service on or after July 1, 1997, through June 30,
155	230		1998, the maximum compensation level shall be Eighty
156	231		Thousand Dollars ($80, 000.00) per annum. For
157	232		compensation for services on or after July 1, 1998,
158	233		there shall be no maximum compensation level for
159		-	retirement purposes. RBS No. 1061
160		-
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	234	+	retirement purposes.
	235	+	RBS No. 1061
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187	286		(b) Compensation for retirement purposes shall include any
188	287		amount of elective salary reduction under Section 4 57
189	288		of the Internal Revenue Code of 1986 and any amount of
190	289		nonelective salary reduction under Section 414(h) of
191	290		the Internal Revenue Code of 1986.
192	291		(c) Notwithstanding any provision to the contr ary, the
193	292		compensation taken into account for any employee in
194	293		determining the contribution or benefit accruals for
195	294		any plan year is limited subject to the annual
196	295		compensation limit under Section 401(a)(17) of the
197	296		federal Internal Revenue Code.
198	297		(d) Current appointed members of the O klahoma Tax
199	298		Commission whose salary is constitu tionally limited
200	299		and is less than the highest salary allowed by law for
201	300		his or her position shall be allowed, within nine ty
202		-	(90) days from March 21, 2001, to make an election to
203		-	use the highest salary allowed by law for the position
204		-	to which the member was appointed for the purposes of
205		-	making contributions and determination of r etirement
	301	+	(90) days from the effective date of this act March
	302	+	21, 2001, to make an election to use the highest
	303	+	salary allowed by law for the position to whic h the
	304	+	member was appointed for the purposes of making
	305	+	contributions and determination of retirement
206	306		benefits. Such election shall be irrevocab le and be
207	307		in writing. Reappointment to t he same office shall
208	308		not permit a new election. Members appointed to th e
209		-	Oklahoma Tax Commission after the March 21, 2001,
210		-	shall make such election, pursuant to this RBS No. 1061
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238		-	subparagraph, within ninety (90) day s of taking
239		-	office;
	309	+	Oklahoma Tax Commission after the effective date of
	310	+	RBS No. 1061
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	361	+	this act March 21, 2001, shall make such election,
	362	+	pursuant to this subparagraph, within ninety (90) days
	363	+	of taking office;
240	364		(10) “Credited service” means the sum of partic ipating service,
241	365		prior service and elected ser vice;
242	366		(11) “Dependent” means a parent, child, or spouse of a member
243	367		who is dependent upon the member for at least one -half (1/2) of the
244	368		member’s support;
245	369		(12) “Effective date” means the date upon which the Sy stem
246	370		becomes effective by operation of law;
247	371		(13) “Eligible employer” means the state and any county, county
248	372		hospital, city or town, con servation districts, circuit engineer ing
249	373		districts and any public or private trust in wh ich a county, city or
250	374		town participates and is the primary beneficiary, is to be an
251		-	eligible employer for the purpose of Section 901 et seq. of this
252		-	title only, whose employees are covered by Social Security and are
253		-	not covered by or el igible for another retirement plan authorized
254		-	under the laws of this state which is in operation on the initial
255		-	entry date. Emergency medical service districts may join the System
256		-	upon proper application to the Board. Provided , affiliation by a
257		-	county hospital shall be in the form of a resolution adopted by the
258		-	board of control.
	375	+	eligible employer for the purpose of this act only, whose employees
	376	+	are covered by Social Security and are not covered by or eligible
	377	+	for another retirement plan authorized under the laws of this state
	378	+	which is in operation on the initial entry date. Emergency medical
	379	+	service districts may join the System upon proper application to the
	380	+	Board. Provided, affiliation by a cou nty hospital shall be in the
	381	+	form of a resolution a dopted by the board of control.
259	382		(a) If a class or several classes of employees of any
260	383		above-defined employers are covered by Social Security
261		-	and are not covered by or eligible for and will not RBS No. 1061
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	384	+	and are not covered by or e ligible for and will not
	385	+	RBS No. 1061
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289	436		become eligible for another retireme nt plan authorized
290	437		under the laws of this state, which is in operation on
291	438		the effective date, such employe r shall be deemed an
292	439		eligible employer, but only with respect to that class
293	440		or those classes of employees as defined in this
294	441		section.
295	442		(b) A class or several classes of employees who are
296	443		covered by Social Securi ty and are not covered by or
297	444		eligible for and will not become eligible for another
298	445		retirement plan authorized under the laws of this
299	446		state, which is in operation on the eff ective date,
300	447		and when the qualifications for employ ment in such
301	448		class or classes are set by state law; and when such
302	449		class or classes of employees are employed by a county
303	450		or municipal government pursuant to such
304	451		qualifications; and when the services provi ded by such
305	452		employees are of such nature that they qualify for
306	453		matching by or contri butions from state or federal
307	454		funds administered by an agency of state government
308	455		which qualifies as a participating employer, then the
309	456		agency of state government administe ring the state or
310	457		federal funds shall be deemed an eligible employer,
311	458		but only with respect to that class or those classes
312		-	of employees as defined in this subsection; provided, RBS No. 1061
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	459	+	of employees as defined in this subsection; provided,
	460	+	RBS No. 1061
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339	510
340	511		that the required contributions to the ret irement plan
341	512		may be withheld from the contributions of state or
342	513		federal funds administer ed by the state agency and
343	514		transmitted to the System on the same basis as the
344	515		employee and employer contributions are transmitted
345	516		for the direct employees of the state agency. The
346	517		retirement or eligibilit y for retirement under t he
347	518		provisions of law provid ing pensions for service as a
348	519		volunteer firefighter shall not render any person
349	520		ineligible for participation in the benefits provided
350	521		for in Section 901 et seq. of this title. An employee
351	522		of any public or private trust in which a county, city
352	523		or town participates and is the primary benef iciary
353	524		shall be deemed to be an eligible emplo yee for the
354		-	purpose of Section 901 et seq. of this title only.
	525	+	purpose of this act Section 901 et seq. of this title
	526	+	only.
355	527		(c) All employees of the George Nigh Rehabilitation
356	528		Institute who elected to retain membership in the
357	529		System, pursuant to Section 913.7 of this ti tle, shall
358	530		continue to be eligible employees for the purposes of
359		-	Section 901 et seq. of this title . The George Nigh
360		-	Rehabilitation Institute shall be considered a
361		-	participating employer only for such employees.
	531	+	this act Section 901 et seq. of this title. The
	532	+	George Nigh Rehabilitation Institute shall be
	533	+	considered a participating employer only for such
	534	+	employees.
	535	+	RBS No. 1061
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362	586		(d) All employees of CompSource Mut ual Insurance Company
363		-	who retain membership in the Oklahoma Public Employees RBS No. 1061
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387		-	22
388		-	23
389		-	24
390		-
	587	+	who retain membership in the Oklahoma Public Employees
391	588		Retirement System pursuant to Section 913.9 of thi s
392	589		title shall continue to be eligible employees for the
393	590		purposes of the Oklahoma Public Employees Retirement
394	591		System. CompSource Mutual Insurance Company shall be
395	592		considered a participating employer only for such
396	593		employees.
397	594		(e) All employees of a successor organization, as defined
398	595		by Section 5-60.12 of Title 2 of the Oklahoma
399	596		Statutes, who retain membership in the Oklahoma Public
400	597		Employees Retirement System pursuant to Section 5-
401	598		60.35 of Title 2 of the Oklahoma Statutes shall
402	599		continue to be eligible employe es for the purposes of
403	600		the Oklahoma Public Employees Retirement System. A
404	601		successor organization shall be considered a
405	602		participating employer only for such employ ees.
406	603		(f) A participating employer of the Teachers ’ Retirement
407	604		System of Oklahoma, who has one or more employees who
408	605		have made an election pursuant to enabling legislation
409	606		to retain membership in the System as a result of
410	607		change in administration, shall be considered a
411	608		participating employer of the Oklahoma Public
412	609		Employees Retirement System only f or such employees;
	610	+	RBS No. 1061
	611	+
	612	+	Req. No. 1061 Page 9 1
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413	661		(14) “Employee” means any officer or employee of a
414		-	participating employer, whose employment is not seasonal or RBS No. 1061
415		-
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441		-
	662	+	participating employer, whose employment is not seasonal o r
442	663		temporary and whose employment r equires at least one thous and
443	664		(1,000) hours of work per year and whose s alary or wage is equa l to
444	665		the hourly rate of the monthly m inimum wage for state employees.
445	666		For those eligible employers outlined in Section 910 of th is title,
446	667		the rate shall be equal to the hourly rate of the monthly minimum
447	668		wage for that employer. Each employer, whose minim um wage is less
448	669		than the state’s minimum wage, shall inform the System of the
449	670		minimum wage for that employer. This notification shall be by
450	671		resolution of the gove rning body.
451	672		(a) Any employee of the county extension agents who is not
452	673		currently participatin g in the Teachers’ Retirement
453	674		System of Oklahoma shall be a member of this System.
454	675		(b) Eligibility shall not include any employee who is a
455	676		contributing member of t he United States Civil Ser vice
456	677		Retirement System.
457	678		(c) It shall be mandatory for an officer, a ppointee or
458	679		employee of the office of district attorney to become
459	680		a member of this Syste m if he or she is not currently
460	681		participating in a county retirement system . Provided
461	682		further, that if an officer, appointee or employee of
462	683		the office of district atto rney is currently
463	684		participating in such county retirement system, he or
	685	+	RBS No. 1061
	686	+
	687	+	Req. No. 1061 Page 10 1
	688	+	2
	689	+	3
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	731	+	21
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	735	+
464	736		she is ineligible for this System as long as he or she
465		-	is eligible for such county retir ement system. Any RBS No. 1061
466		-
467		-	SENATE FLOOR VERSION - SB692 SFLR Page 10
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492		-
	737	+	is eligible for such county retireme nt system. Any
493	738		eligible officer, appointee or employee of the office
494	739		of district attorney sh all be given credit for prior
495	740		service as defined in this section. The provisions
496	741		outlined in Section 917 of this title shall app ly to
497	742		those employees who have pre viously withdrawn their
498	743		contributions.
499	744		(d) Eligibility shall also not in clude any officer or
500	745		employee of the Oklahoma Employment S ecurity
501	746		Commission, except for those officers and e mployees of
502	747		the Commission electing to tr ansfer to this System
503	748		pursuant to the provisions of Section 910.1 of this
504	749		title or any other class of offi cers or employees
505	750		specifically exempted by the laws of thi s state,
506	751		unless there be a consolidation as provide d by Section
507	752		912 of this title. Employee s of the Oklahoma
508	753		Employment Security Commission who are ine ligible for
509	754		enrollment in the Oklahoma Employment Security
510	755		Commission Retirement Plan, that was in effec t on
511	756		January 1, 1964, shall become members of this System.
512	757		(e) Any employee employed by the Legislati ve Service
513		-	Bureau, Senate or House of Representatives for the
514		-	full duration of a regular legislative se ssion shall
515		-	be eligible for membership in the System regardless of
516		-	classification as a temporary employee and may RBS No. 1061
517		-
518		-	SENATE FLOOR VERSION - SB692 SFLR Page 11
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539		-	21
540		-	22
541		-	23
542		-	24
543		-
544		-	participate in the System during the regular
	758	+	Bureau, State Senate or House of Representatives for
	759	+	the full duration of a regular legislative session
	760	+	RBS No. 1061
	761	+
	762	+	Req. No. 1061 Page 11 1
	763	+	2
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	810	+
	811	+	shall be eligible for membership in the System
	812	+	regardless of classification as a temporary employee
	813	+	and may participate in the System during the regular
545	814		legislative session at the option of the employe e.
546	815		For purposes of this subparagraph, the det ermination
547	816		of whether an employee is employed for the full
548	817		duration of a regular legislative session shall be
549	818		made by the Legislative Service Bureau i f such
550	819		employee is employed by the Legislative Service
551		-	Bureau, the Senate if such employee is employed by the
552		-	Senate, or by the House of Representati ves if such
553		-	employee is employed by the House of Re presentatives.
554		-	Each regular legislative session during which the
555		-	legislative employee or an em ployee of the Legislative
556		-	Service Bureau participates full time shall be counted
557		-	as six (6) months of full -time participating service.
	820	+	Bureau, the State Senate if such employee is employ ed
	821	+	by the State Senate, or by the House of
	822	+	Representatives if such employee is employed by the
	823	+	House of Representatives. Each regular legislative
	824	+	session during which the legislative employee or an
	825	+	employee of the Legislative Service Bureau
	826	+	participates full time shall be counted as six (6)
	827	+	months of full-time participating service.
558	828		(i) Except as otherwise provided by this
559	829		subparagraph, once a temporar y session employee
560	830		makes a choice to participate or not, the choice
561	831		shall be binding for all future legisl ative
562	832		sessions during which the employee is emplo yed.
563	833		(ii) Notwithstanding the provisions of divisio n (i) of
564	834		this subparagraph, any employee, who is e ligible
	835	+	RBS No. 1061
	836	+
	837	+	Req. No. 1061 Page 12 1
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	885	+
565	886		for membership in the Syst em because of the
566	887		provisions of this subparagraph and who was
567		-	employed by the Senate or House of RBS No. 1061
568		-
569		-	SENATE FLOOR VERSION - SB692 SFLR Page 12
570		-	(Bold face denotes Committee Amendments) 1
571		-	2
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594		-
	888	+	employed by the State Senate or House of
595	889		Representatives after January 1, 1989, may file
596	890		an election, in a man ner specified by the Board,
597	891		to participate as a me mber of the System prior to
598	892		September 1, 1989.
599	893		(iii) Notwithstanding the provisions of division (i) of
600	894		this subparagraph, a temporary legislative
601	895		session employee who elected to become a member
602	896		of the System may withdraw from the System
603		-	effective the day such employee elected to
	897	+	effective the day said such employee elected to
604	898		participate in the System upon writt en request to
605	899		the Board. Any such request mus t be received by
606	900		the Board prior to October 1, 1990. All employee
607	901		contributions made by the te mporary legislative
608	902		session employee shall be returned to the
609	903		employee without interest w ithin four (4) months
610	904		of receipt of the written request.
611	905		(iv) A member of the System who did not initially
612	906		elect to participate as a member of the System
613	907		pursuant to this subparagraph shall be able to
614	908		acquire service perfo rmed as a temporary
615	909		legislative session employee for periods of
	910	+	RBS No. 1061
	911	+
	912	+	Req. No. 1061 Page 13 1
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616	961		service performed prior to the date upon w hich
617		-	the person became a member of the System if: RBS No. 1061
618		-
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644		-
	962	+	the person became a member of the Syste m if:
645	963		a. the member files an election with the Syst em
646	964		not later than December 31, 2000, to
647	965		purchase the prior service; and
648	966		b. the member makes payment to the System o f
649	967		the actuarial cost of the service credit
650	968		pursuant to subsection A of Section 913.5 of
651	969		this title. The provisions of Section 913.5
652	970		of this title shall be applicable to the
653	971		purchase of the servic e credit, including
654	972		the provisions for determining service
655	973		credit in the event of incomplete payment
656	974		due to cessation of payments, death,
657	975		termination of employment or retirement, but
658	976		the payment may extend for a period not to
659	977		exceed ninety-six (96) months;
660	978		(15) “Entry date” means the date on which an eligible empl oyer
661	979		joins the System. The first entry date p ursuant to Section 901 et
662	980		seq. of this title shall be January 1, 1964;
663	981		(16) “Executive Director” means the managing officer of the
664	982		System employed by the Board under Section 901 et se q. of this
665	983		title;
	984	+	RBS No. 1061
	985	+
	986	+	Req. No. 1061 Page 14 1
	987	+	2
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	1034	+
666	1035		(17) “Federal Internal Revenue Code ” means the federal Internal
667	1036		Revenue Code of 1954 or 1986, as amended and as applicable to a
668		-	governmental plan as in ef fect on July 1, 1999; RBS No. 1061
669		-
670		-	SENATE FLOOR VERSION - SB692 SFLR Page 14
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695		-
	1037	+	governmental plan as in effect on July 1, 1999;
696	1038		(18) “Final average compen sation” means the average annual
697	1039		compensation, including amo unts deferred under deferred compensation
698	1040		agreements entered into between a member and a p articipating
699	1041		employer, up to, but not exceeding the maximum compensation levels
700	1042		as provided in paragraph ( 9) of this section received during the
701	1043		highest three (3) of the last ten (10) years of participating
702	1044		service immediately preceding retirement or termi nation of
703	1045		employment and with respect to members wh ose first participating
704	1046		service occurs on or after July 1, 2013, the compensation receive d
705	1047		during the highest five (5) of the last ten (10) years of
706	1048		participating service immediately preceding retirement o r
707	1049		termination of employment. Provided, no member s hall retire with a
708	1050		final average compensation unless th e member has made the required
709	1051		contributions on such compens ation, as defined by the Board of
710	1052		Trustees;
711	1053		(19) “Fiscal year” means the period commencin g July 1 of any
712	1054		year and ending June 30 of the next year. The fiscal year is the
713	1055		plan year for purposes o f the federal Internal Revenue Cod e;
714	1056		however, the calendar y ear is the limitation year for purposes of
715	1057		Section 415 of the federal Internal Revenue Cod e;
	1058	+	RBS No. 1061
	1059	+
	1060	+	Req. No. 1061 Page 15 1
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716	1109		(20) “Fund” means the Oklahoma Public Employees Retirement Fund
717	1110		as created by Section 901 et seq. of t his title;
718	1111		(21) “Leave of absence” means a period of absenc e from
719		-	employment without pay, authorized and approved by the employer and RBS No. 1061
720		-
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743		-	22
744		-	23
745		-	24
746		-
	1112	+	employment without pay, authorized and approved by the employer and
747	1113		acknowledged to the Board, and which after the effective date does
748	1114		not exceed two (2) years;
749	1115		(22) “Member” means an eligible employee or elected official
750	1116		who is in the System and i s making the required employee or elected
751	1117		official contributions, or any former employee o r elected official
752	1118		who shall have made the required contributions to the System and
753	1119		shall have not receive d a refund or withdrawal;
754	1120		(23) “Military service” means service in the Armed Forces of
755	1121		the United States by an honorably discharged person during the
756	1122		following time periods, as reflected on such perso n’s Defense
757	1123		Department Form 214, not to exceed five (5) years for combined
758	1124		participating and/or prior service, as f ollows:
759	1125		(a) during the following periods, incl uding the beginning
760	1126		and ending dates, and on ly for the periods served,
761	1127		from:
762	1128		(i) April 6, 1917, to November 11, 1918, commonly
763	1129		referred to as World Wa r I,
764	1130		(ii) September 16, 1940, to D ecember 7, 1941, as a
765	1131		member of the 45th Division,
	1132	+	RBS No. 1061
	1133	+
	1134	+	Req. No. 1061 Page 16 1
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766	1183		(iii) December 7, 1941, to December 31, 1946, commonly
767	1184		referred to as World War II,
768	1185		(iv) June 27, 1950, to January 3 1, 1955, commonly
769	1186		referred to as the Korean Conflict or the Korean
770		-	War, RBS No. 1061
771		-
772		-	SENATE FLOOR VERSION - SB692 SFLR Page 16
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797		-
	1187	+	War,
798	1188		(v) February 28, 1961, to May 7, 1975, comm only
799	1189		referred to as the Vietnam era, except th at:
800	1190		a. for the period from February 28, 1961 , to
801	1191		August 4, 1964, military service shall only
802	1192		include service in the Republic of Vietnam
803	1193		during that period, and
804	1194		b. for purposes of deter mining eligibility for
805	1195		education and training benefits, such period
806	1196		shall end on December 31, 1976, or
807	1197		(vi) August 1, 1990, to December 31, 1991, commonly
808	1198		referred to as the Gulf War, the Persian Gulf
809	1199		War, or Operation Des ert Storm, but excluding any
810	1200		person who served on active dut y for training
811	1201		only, unless discharged from su ch active duty for
812	1202		a service-connected disability;
813	1203		(b) during a period of war or combat militar y operation
814	1204		other than a conflict, war or era listed in
815	1205		subparagraph (a) of this paragrap h, beginning on the
816	1206		date of Congressional authorization, Congressional
	1207	+	RBS No. 1061
	1208	+
	1209	+	Req. No. 1061 Page 17 1
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817	1258		resolution, or Executive Order of the Preside nt of the
818	1259		United States, for the use of the Armed F orces of the
819	1260		United States in a war or combat military operation,
820	1261		if such war or combat m ilitary operation lasted f or a
821		-	period of ninety (90) days or more, for a person who RBS No. 1061
822		-
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848		-
	1262	+	period of ninety (90) days or more, for a person who
849	1263		served, and only for the period served, in the area of
850	1264		responsibility of the war or combat military
851	1265		operation, but excluding a person who served on active
852	1266		duty for training only, unless discharged f rom such
853	1267		active duty for a service -connected disability, and
854	1268		provided that the burden of p roof of military service
855	1269		during this period shall b e with the member, who must
856	1270		present appropriate documen tation establishing such
857	1271		service.
858	1272		An eligible member under t his paragraph shall include only those
859	1273		persons who shall have served during the times or i n the areas
860	1274		prescribed in this paragraph, and only if such person provides
861	1275		appropriate documentation in su ch time and manner as required by the
862	1276		System to establish su ch military service prescribed in this
863	1277		paragraph, or for service pursuant to subdivision a of division (v)
864	1278		of subparagraph (a) of this paragr aph those persons who were awarded
865	1279		service medals, as a uthorized by the United States Dep artment of
866	1280		Defense as reflected in the veteran ’s Defense Department Form 214,
867	1281		related to the Vietnam Conflict for se rvice prior to August 5, 1964;
	1282	+	RBS No. 1061
	1283	+
	1284	+	Req. No. 1061 Page 18 1
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868	1333		(24) “Normal retirement date” means the date on which a member
869	1334		may retire with full retirement benefits as p rovided in Section 901
870	1335		et seq. of this title, such date being whichever occurs first:
871	1336		(a) the first day of the month coinciding with or
872		-	following a member’s: RBS No. 1061
873		-
874		-	SENATE FLOOR VERSION - SB692 SFLR Page 18
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899		-
	1337	+	following a member’s:
900	1338		(1) sixty-second birthday with respect to members
901	1339		whose first participating service occurs prior t o
902	1340		November 1, 2011, or
903	1341		(2) sixty-fifth birthday with respect to members
904	1342		whose first participating service occurs on or
905	1343		after November 1, 2011, or with respect to
906	1344		members whose first participating service occurs
907		-	on or after November 1, 2011, who reach a ~~minimum~~
908		-	age of sixty (60) years and who also ~~reach a~~
909		-	normal retirement date pursuant ~~to subpara graph c~~
910		-	of this paragraph,
	1345	+	on or after November 1, 2011, reaches who reach a
	1346	+	minimum age of sixty (60) years and who also
	1347	+	reaches reach a normal retirement date pursuant
	1348	+	to subparagraph c of this paragraph,
911	1349		(b) for any person who initially became a member prior to
912	1350		July 1, 1992, and who does not reach a normal
913	1351		retirement date pursuant to divis ion (1) of
914	1352		subparagraph (a) of this paragraph, the first day of
915	1353		the month coinciding with or followi ng the date at
916	1354		which the sum of a member ’s age and number of years of
917	1355		credited service total eighty (80); such a normal
918	1356		retirement date will also apply to a ny person who
	1357	+	RBS No. 1061
	1358	+
	1359	+	Req. No. 1061 Page 19 1
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919	1408		became a member of the sending system as defined in
920	1409		Section 901 et seq. of this title, prior to July 1,
921	1410		1992, regardless of whether there were breaks in
922		-	service after July 1, 1992, RBS No. 1061
923		-
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	1411	+	service after July 1, 1992,
950	1412		(c) for any person who beca me a member after June 30,
951	1413		1992, but prior to November 1, 20 11, and who does not
952	1414		reach a normal retirement date pursuant to division
953	1415		(1) of subparagraph (a) of this paragraph, the first
954	1416		day of the month coinciding with or following the date
955	1417		at which the sum of a member’s age and number of years
956	1418		of credited service total ninety (90),
957	1419		(d) in addition to subparagraphs (a), (b) and (c) of th is
958	1420		paragraph, the first day of the month coinciding with
959	1421		or following a member ’s completion of at least twenty
960	1422		(20) years of full-time-equivalent employment as:
961	1423		(i) a correctional or probation and parole officer
962	1424		with the Department of Corrections and at th e
963	1425		time of retirement, the member was a correctional
964	1426		or probation and parole officer with the
965		-	Department of Corrections,
	1427	+	Department of Corrections, or
966	1428		(ii) a correctional officer, prob ation and parole
967	1429		officer or fugitive apprehension agent with th e
968	1430		Department of Corrections who is in such position
969	1431		on June 30, 2004, or who is hired af ter June 30,
	1432	+	RBS No. 1061
	1433	+
	1434	+	Req. No. 1061 Page 20 1
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970	1483		2004, and who receives a promotion or change in
971	1484		job classification after June 30, 2004, to
972	1485		another position in the Dep artment of
973		-	Corrections, so long as such officer or agent has RBS No. 1061
974		-
975		-	SENATE FLOOR VERSION - SB692 SFLR Page 20
976		-	(Bold face denotes Committee Amendments) 1
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1000		-
	1486	+	Corrections, so long as su ch officer or agent has
1001	1487		at least five (5) years of service as a
1002	1488		correctional officer, pr obation and parole
1003	1489		officer or fugitive apprehension agent with the
1004	1490		Department, has twenty (20) years of f ull-time-
1005	1491		equivalent employment with the Department and was
1006	1492		employed by the Department at the time of
1007		-	retirement,
1008		-	(iii) a firefighter with the Military Department of the
1009		-	State of Oklahoma either employed for the first
1010		-	time on or after July 1, 2002, or who was
1011		-	employed prior to July 1, 2 002, in such position
1012		-	and who makes the elec tion authorized by d ivision
1013		-	(2) of subparagraph b of paragraph (9) of
1014		-	subsection A of Section 915 of this title and at
1015		-	the time of retirement, the member was a
1016		-	firefighter with the Military Department of the
1017		-	State of Oklahoma, and such member has at least
1018		-	twenty (20) years of credited service u pon which
1019		-	the two and one-half percent (2 1/2%) multiplier
1020		-	will be used in calculating the retirement
1021		-	benefit,
	1493	+	retirement, or
	1494	+	(iii) a firefighter with the Oklahoma Military
	1495	+	Department of the State of Oklahoma either
	1496	+	employed for the first time on or after J uly 1,
	1497	+	2002, or who was employed p rior to July 1, 2002,
	1498	+	in such position and who makes the electio n
	1499	+	authorized by division (2) of subparagraph b of
	1500	+	paragraph (9) of subsection A of Section 915 of
	1501	+	this title and at the time of retirement, the
	1502	+	member was a firefighter with the Oklahoma
	1503	+	Military Department of the State of Oklahoma, and
	1504	+	such member has at least twent y (20) years of
	1505	+	credited service upon which the two and one-half
	1506	+	RBS No. 1061
	1507	+
	1508	+	Req. No. 1061 Page 21 1
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	1556	+
	1557	+	percent (2 1/2%) multiplier will be used in
	1558	+	calculating the retirement benefit, or
1022	1559		(iv) a public safety officer employed by the Grand
1023	1560		River Dam Authority for the first time on or
1024		-	after July 1, 2016, or RBS No. 1061
1025		-
1026		-	SENATE FLOOR VERSION - SB692 SFLR Page 21
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1051		-
	1561	+	after July 1, 2016, or
1052	1562		(v) a deputy sheriff or jailer employed by any county
1053	1563		that is a participating employer in the System
1054	1564		for the first time as a deputy sheriff or jailer
1055	1565		on or after November 1, 2020, or
1056	1566		(vi) licensed emergency medical personnel, as defined
1057	1567		pursuant to Section 1-2503 of Title 63 of the
1058	1568		Oklahoma Statutes, holding a license issued by
1059	1569		the State Department of Health pursuant to
1060	1570		Section 1-2505 of Title 63 of the Oklahom a
1061	1571		Statutes, including emergency medical responders ,
1062	1572		emergency medical technicians, inte rmediate
1063	1573		emergency medical tech nicians, advanced emergency
1064	1574		medical technicians, and paramedics employed by
1065	1575		any participating employer as a licensed
1066	1576		emergency medical personnel for the first time on
1067	1577		or after the effective date of this act,
1068	1578		(e) for those fugitive apprehension agents who retire on
1069	1579		or after July 1, 2002, the first day of the month
1070	1580		coinciding with or following a member ’s completion of
	1581	+	RBS No. 1061
	1582	+
	1583	+	Req. No. 1061 Page 22 1
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	1605	+	23
	1606	+	24
	1607	+	1
	1608	+	2
	1609	+	3
	1610	+	4
	1611	+	5
	1612	+	6
	1613	+	7
	1614	+	8
	1615	+	9
	1616	+	10
	1617	+	11
	1618	+	12
	1619	+	13
	1620	+	14
	1621	+	15
	1622	+	16
	1623	+	17
	1624	+	18
	1625	+	19
	1626	+	20
	1627	+	21
	1628	+	22
	1629	+	23
	1630	+	24
	1631	+
1071	1632		at least twenty (20) years of full -time-equivalent
1072	1633		employment as a fugitive apprehension agent with the
1073	1634		Department of Corrections and at the t ime of
1074	1635		retirement, the member was a fugitive apprehension
1075		-	agent with the Department of Corrections, or RBS No. 1061
1076		-
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1079		-	2
1080		-	3
1081		-	4
1082		-	5
1083		-	6
1084		-	7
1085		-	8
1086		-	9
1087		-	10
1088		-	11
1089		-	12
1090		-	13
1091		-	14
1092		-	15
1093		-	16
1094		-	17
1095		-	18
1096		-	19
1097		-	20
1098		-	21
1099		-	22
1100		-	23
1101		-	24
1102		-
	1636	+	agent with the Department of Corrections, or
1103	1637		(f) for any member who was continuously employed by an
1104	1638		entity or institution within The Oklahoma State System
1105	1639		of Higher Education and whose initial emplo yment with
1106	1640		such entity or institution was prior to July 1, 1992,
1107	1641		and who without a break in service of more than thirty
1108	1642		(30) days became employed by an employer participating
1109	1643		in the Oklahoma Public Employees Retirement System,
1110	1644		the first day of the month co inciding with or
1111	1645		following the date at which the sum of the member’s
1112	1646		age and number of years of credited se rvice total
1113	1647		eighty (80);
1114	1648		(25) “Participating employer ” means an eligible employer who
1115	1649		has agreed to make contributions to the System on behalf of it s
1116	1650		employees;
1117	1651		(26) “Participating service” means the period of employment
1118		-	after the entry date for which credit is granted a member.
1119		-	Provided, on or after the effective date of this act , military
1120		-	service credit purchased under Section 913.8 of this title shall
1121		-	only be considered “participating service ” if such service is
1122		-	immediately preceded by a period of employment with a participating
1123		-	employer and followed by a return to service as an employee with the
1124		-	same or another participating employer within ninety (90) days
1125		-	immediately following discharge from such military service; RBS No. 1061
1126		-
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1129		-	2
1130		-	3
1131		-	4
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1133		-	6
1134		-	7
1135		-	8
1136		-	9
1137		-	10
1138		-	11
1139		-	12
1140		-	13
1141		-	14
1142		-	15
1143		-	16
1144		-	17
1145		-	18
1146		-	19
1147		-	20
1148		-	21
1149		-	22
1150		-	23
1151		-	24
1152		-
	1652	+	after the entry date for which cr edit is granted a member;
1153	1653		(27) “Prior service” means the period of employment of a member
1154	1654		by an eligible employer prio r to the member’s entry date for which
1155		-	credit is granted a member un der Section 901 et s eq. of this title.
1156		-	Provided, on or after the effective date of this act, “prior
1157		-	service” shall also include service purchased under Section 913.8 of
1158		-	this title which does not meet the requirements of paragraph 26 of
1159		-	this section;
	1655	+	credit is granted a member under Section 901 et seq. of this title;
	1656	+	RBS No. 1061
	1657	+
	1658	+	Req. No. 1061 Page 23 1
	1659	+	2
	1660	+	3
	1661	+	4
	1662	+	5
	1663	+	6
	1664	+	7
	1665	+	8
	1666	+	9
	1667	+	10
	1668	+	11
	1669	+	12
	1670	+	13
	1671	+	14
	1672	+	15
	1673	+	16
	1674	+	17
	1675	+	18
	1676	+	19
	1677	+	20
	1678	+	21
	1679	+	22
	1680	+	23
	1681	+	24
	1682	+	1
	1683	+	2
	1684	+	3
	1685	+	4
	1686	+	5
	1687	+	6
	1688	+	7
	1689	+	8
	1690	+	9
	1691	+	10
	1692	+	11
	1693	+	12
	1694	+	13
	1695	+	14
	1696	+	15
	1697	+	16
	1698	+	17
	1699	+	18
	1700	+	19
	1701	+	20
	1702	+	21
	1703	+	22
	1704	+	23
	1705	+	24
	1706	+
1160	1707		(28) “Retirant” or “retiree” means a member who has retired
1161	1708		under the System;
1162	1709		(29) “Retirement benefit” means a monthly income with benefits
1163	1710		accruing from the first day of the m onth coinciding with or
1164	1711		following retirement and ending on the last day of the month in
1165	1712		which death occurs or the actuarial equivalent thereof paid in such
1166	1713		manner as specified by the member pursuant to Section 901 et seq. of
1167	1714		this title or as otherwise allo wed to be paid at the discretion of
1168	1715		the Board;
1169	1716		(30) “Retirement coordinator” means the individual designat ed
1170	1717		by each participating employer through whom System transactions and
1171	1718		communication shall be directed;
1172	1719		(31) “Social Security” means the old-age survivors and
1173		-	disability section of the federal Social Security Act;
	1720	+	disability section of the Federal federal Social Security Act;
1174	1721		(32) “Total disability” means a physical or mental disability
1175		-	accepted for disabili ty benefits by the federal Social Security
1176		-	System; RBS No. 1061
1177		-
1178		-	SENATE FLOOR VERSION - SB692 SFLR Page 24
1179		-	(Bold face denotes Committee Amendments) 1
1180		-	2
1181		-	3
1182		-	4
1183		-	5
1184		-	6
1185		-	7
1186		-	8
1187		-	9
1188		-	10
1189		-	11
1190		-	12
1191		-	13
1192		-	14
1193		-	15
1194		-	16
1195		-	17
1196		-	18
1197		-	19
1198		-	20
1199		-	21
1200		-	22
1201		-	23
1202		-	24
1203		-
	1722	+	accepted for disability benefits by the Federal federal Social
	1723	+	Security System;
1204	1724		(33) “Service-connected disability benefits ” means military
1205	1725		service benefits which are for a s ervice-connected disability rated
1206	1726		at twenty percent (20%) or more by the V eterans Administration or
1207	1727		the Armed Forces of the United States;
1208	1728		(34) “Elected official” means a person elected to a state
1209	1729		office in the legislative or executive branch of state gov ernment or
1210	1730		a person elected to a county office for a definite number of ye ars
	1731	+	RBS No. 1061
	1732	+
	1733	+	Req. No. 1061 Page 24 1
	1734	+	2
	1735	+	3
	1736	+	4
	1737	+	5
	1738	+	6
	1739	+	7
	1740	+	8
	1741	+	9
	1742	+	10
	1743	+	11
	1744	+	12
	1745	+	13
	1746	+	14
	1747	+	15
	1748	+	16
	1749	+	17
	1750	+	18
	1751	+	19
	1752	+	20
	1753	+	21
	1754	+	22
	1755	+	23
	1756	+	24
	1757	+	1
	1758	+	2
	1759	+	3
	1760	+	4
	1761	+	5
	1762	+	6
	1763	+	7
	1764	+	8
	1765	+	9
	1766	+	10
	1767	+	11
	1768	+	12
	1769	+	13
	1770	+	14
	1771	+	15
	1772	+	16
	1773	+	17
	1774	+	18
	1775	+	19
	1776	+	20
	1777	+	21
	1778	+	22
	1779	+	23
	1780	+	24
	1781	+
1211	1782		and shall include an individual who is appointed to fill the
1212	1783		unexpired term of an elected st ate official;
1213	1784		(35) “Elected service” means the period of service as an
1214	1785		elected official;
1215	1786		(36) “Limitation year” means the year used in applying the
1216	1787		limitations of Section 415 of the Internal Revenue Code of 1986,
1217	1788		which year shall be the calendar year; an d
1218	1789		(37) “Public safety officers of the Grand River Dam Authority”
1219	1790		means those persons hired by the Grand River Dam Authority on or
1220		-	after March 21, 2001, who are certified by the Council on Law
1221		-	Enforcement Education and Training or an e quivalent certifying
1222		-	entity for law enforcemen t personnel training and who perform law
1223		-	enforcement functions as part of their regularly assigned duties and
1224		-	responsibilities on a full-time basis. With respect to any public
1225		-	safety officer hired by the Grand River Dam Authority on or af ter
1226		-	March 21, 2001, any earned benefits or credits t oward retirement
1227		-	benefits from previo us participation within the Oklahoma Public RBS No. 1061
1228		-
1229		-	SENATE FLOOR VERSION - SB692 SFLR Page 25
1230		-	(Bold face denotes Committee Amendments) 1
1231		-	2
1232		-	3
1233		-	4
1234		-	5
1235		-	6
1236		-	7
1237		-	8
1238		-	9
1239		-	10
1240		-	11
1241		-	12
1242		-	13
1243		-	14
1244		-	15
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1246		-	17
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1248		-	19
1249		-	20
1250		-	21
1251		-	22
1252		-	23
1253		-	24
1254		-
1255		-	Employees Retirement System or the Oklahoma Law Enforcement
1256		-	Retirement System shall remain wit hin that system.
	1791	+	after the effective date of this act March 21, 2001, who are
	1792	+	certified by the Council on Law Enforcement Education and Traini ng
	1793	+	or an equivalent certifying entity for law enfor cement personnel
	1794	+	training and who perform law enforcement functions as part of their
	1795	+	regularly assigned duties and responsib ilities on a full-time basis.
	1796	+	With respect to any public safety officer hired by the Grand River
	1797	+	Dam Authority on or after the effective date of this act March 21,
	1798	+	2001, any earned benefits or credits toward retirement benefits from
	1799	+	previous participation within the Okl ahoma Public Employees
	1800	+	Retirement System or the Oklahoma Law Enfor cement Retirement System
	1801	+	shall remain within that s ystem.
1257	1802		SECTION 2. AMENDATORY 74 O.S. 2021, Section 915, is
1258	1803		amended to read as follows:
1259	1804		Section 915. A. (1) Except as otherwise provided in this
1260	1805		subsection and as provided for e lected officials in Section 913.4 of
	1806	+	RBS No. 1061
	1807	+
	1808	+	Req. No. 1061 Page 25 1
	1809	+	2
	1810	+	3
	1811	+	4
	1812	+	5
	1813	+	6
	1814	+	7
	1815	+	8
	1816	+	9
	1817	+	10
	1818	+	11
	1819	+	12
	1820	+	13
	1821	+	14
	1822	+	15
	1823	+	16
	1824	+	17
	1825	+	18
	1826	+	19
	1827	+	20
	1828	+	21
	1829	+	22
	1830	+	23
	1831	+	24
	1832	+	1
	1833	+	2
	1834	+	3
	1835	+	4
	1836	+	5
	1837	+	6
	1838	+	7
	1839	+	8
	1840	+	9
	1841	+	10
	1842	+	11
	1843	+	12
	1844	+	13
	1845	+	14
	1846	+	15
	1847	+	16
	1848	+	17
	1849	+	18
	1850	+	19
	1851	+	20
	1852	+	21
	1853	+	22
	1854	+	23
	1855	+	24
	1856	+
1261	1857		this title, any member who shall retire on or a fter the member’s
1262	1858		normal retirement date shall be entitled to receive an annual
1263	1859		retirement benefit equal t o two percent (2%) of the member ’s final
1264	1860		average compensation as d etermined pursuant to paragraph (18) of
1265	1861		Section 902 of this title, multiplied by the number of years of
1266	1862		credited service that has been credited to the member in accordance
1267	1863		with the provisions of Section 913 of this title other than years
1268	1864		credited pursuant to paragraph (2) of this subsection.
1269	1865		(2) Effective January 1, 2004, except as other wise provided for
1270	1866		elected officials in Section 913.4 of this title and except for
1271	1867		those members making con tributions pursuant to paragraphs (c), (d),
1272	1868		(e), and (f), (g), and (h) of subsection (1) of Section 919.1 of
1273	1869		this title, any member who shall retire s hall be entitled to receive
1274	1870		an annual retirement benefit equal to two and one-half percent (2
1275	1871		1/2%) of the member’s final average compensation as determined
1276	1872		pursuant to paragraph (18) of Section 902 of this title, multiplie d
1277	1873		by the number of full years of participating service after January
1278		-	1, 2004, that have been credited to the member in accordance with RBS No. 1061
1279		-
1280		-	SENATE FLOOR VERSION - SB692 SFLR Page 26
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1282		-	2
1283		-	3
1284		-	4
1285		-	5
1286		-	6
1287		-	7
1288		-	8
1289		-	9
1290		-	10
1291		-	11
1292		-	12
1293		-	13
1294		-	14
1295		-	15
1296		-	16
1297		-	17
1298		-	18
1299		-	19
1300		-	20
1301		-	21
1302		-	22
1303		-	23
1304		-	24
1305		-
	1874	+	1, 2004, that have been credited to the member in accordance with
1306	1875		the provisions of Section 913 of this title and only for those full
1307	1876		years of participating service for which contribution s have been
1308	1877		made pursuant to para graph (g) of subsection (1) of Secti on 919.1 of
1309	1878		this title. The two and one-half percent (2 1/2%) multipl ier shall
1310	1879		not apply to purchased service, purchased or granted mil itary
1311	1880		service or transferred service. In order to receive the two and
	1881	+	RBS No. 1061
	1882	+
	1883	+	Req. No. 1061 Page 26 1
	1884	+	2
	1885	+	3
	1886	+	4
	1887	+	5
	1888	+	6
	1889	+	7
	1890	+	8
	1891	+	9
	1892	+	10
	1893	+	11
	1894	+	12
	1895	+	13
	1896	+	14
	1897	+	15
	1898	+	16
	1899	+	17
	1900	+	18
	1901	+	19
	1902	+	20
	1903	+	21
	1904	+	22
	1905	+	23
	1906	+	24
	1907	+	1
	1908	+	2
	1909	+	3
	1910	+	4
	1911	+	5
	1912	+	6
	1913	+	7
	1914	+	8
	1915	+	9
	1916	+	10
	1917	+	11
	1918	+	12
	1919	+	13
	1920	+	14
	1921	+	15
	1922	+	16
	1923	+	17
	1924	+	18
	1925	+	19
	1926	+	20
	1927	+	21
	1928	+	22
	1929	+	23
	1930	+	24
	1931	+
1312	1932		one-half percent (2 1/2%) multiplier in computing retirement
1313	1933		benefits, an active member shall make an irrevocable writt en
1314	1934		election to pay the contributions pursuant to paragraph (g) of
1315	1935		subsection (1) of Section 919.1 of this title. The two and one-half
1316	1936		percent (2 1/2%) multiplier pursuant to this paragr aph shall not
1317	1937		apply to additional years of service credit attributed t o sick leave
1318	1938		pursuant to paragraph 7 of subsection B of Section 91 3 of this title
1319	1939		and fractional years pursuant to su bsection C of Section 913 of this
1320	1940		title and shall be attributable onl y to the participating service
1321	1941		credited after the election of the memb er.
1322	1942		(3) The minimum final average compensation for any person who
1323	1943		becomes a member of the Oklahoma Public Employees Retirement System
1324	1944		on or after July 1, 1995 and who had:
1325	1945		a. and who had twenty (20) or more years of credited
1326	1946		service within the System as of the membe r’s
1327	1947		retirement date shall be no less t han Thirteen
1328		-	Thousand Eight Hundred Dollars ($13,800.00) per annum, RBS No. 1061
1329		-
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1331		-	(Bold face denotes Committee Amendments) 1
1332		-	2
1333		-	3
1334		-	4
1335		-	5
1336		-	6
1337		-	7
1338		-	8
1339		-	9
1340		-	10
1341		-	11
1342		-	12
1343		-	13
1344		-	14
1345		-	15
1346		-	16
1347		-	17
1348		-	18
1349		-	19
1350		-	20
1351		-	21
1352		-	22
1353		-	23
1354		-	24
1355		-
	1948	+	Thousand Eight Hundred Dollars ($13,800.00) per annum,
1356	1949		b. and who had at least fifteen (15 ) but not more than
1357	1950		nineteen (19) years of cred ited service within the
1358	1951		System as of the member’s retirement date sh all be no
1359	1952		less than Six Thousand Nine Hundred Dollars
1360	1953		($6,900.00) per annum, or
1361	1954		c. and who had less than fifteen (15) years of credited
1362	1955		service within the System as of the member ’s
	1956	+	RBS No. 1061
	1957	+
	1958	+	Req. No. 1061 Page 27 1
	1959	+	2
	1960	+	3
	1961	+	4
	1962	+	5
	1963	+	6
	1964	+	7
	1965	+	8
	1966	+	9
	1967	+	10
	1968	+	11
	1969	+	12
	1970	+	13
	1971	+	14
	1972	+	15
	1973	+	16
	1974	+	17
	1975	+	18
	1976	+	19
	1977	+	20
	1978	+	21
	1979	+	22
	1980	+	23
	1981	+	24
	1982	+	1
	1983	+	2
	1984	+	3
	1985	+	4
	1986	+	5
	1987	+	6
	1988	+	7
	1989	+	8
	1990	+	9
	1991	+	10
	1992	+	11
	1993	+	12
	1994	+	13
	1995	+	14
	1996	+	15
	1997	+	16
	1998	+	17
	1999	+	18
	2000	+	19
	2001	+	20
	2002	+	21
	2003	+	22
	2004	+	23
	2005	+	24
	2006	+
1363	2007		retirement date shall not be eligible for any minimum
1364	2008		amount of final average compensation and the member ’s
1365	2009		final average compensation shall be the final average
1366	2010		compensation as defined by paragraph (18) of Section
1367	2011		902 of this title.
1368	2012		(4) Provided, further, any memb er who has elected a vested
1369	2013		benefit pursuant to Section 917 of this title shall be entitled to
1370	2014		receive benefits as outlined in this section except the percent
1371	2015		factor and the member’s maximum compensation le vel in effect the
1372	2016		date the member’s employment was terminated with a participating
1373	2017		employer shall be applicable.
1374	2018		(5) Any member who is a correctional offic er or a probation and
1375	2019		parole officer employed by the Department o f Corrections at the time
1376	2020		of retirement and who retires on or before June 30, 2000, s hall be
1377	2021		entitled to receive an annua l retirement benefit equal to tw o and
1378	2022		one-half percent (2 1/2%) of the final average compensation of the
1379		-	member not to exceed Twenty -five Thousand Dollars ($25,000.00) a nd RBS No. 1061
1380		-
1381		-	SENATE FLOOR VERSION - SB692 SFLR Page 28
1382		-	(Bold face denotes Committee Amendments) 1
1383		-	2
1384		-	3
1385		-	4
1386		-	5
1387		-	6
1388		-	7
1389		-	8
1390		-	9
1391		-	10
1392		-	11
1393		-	12
1394		-	13
1395		-	14
1396		-	15
1397		-	16
1398		-	17
1399		-	18
1400		-	19
1401		-	20
1402		-	21
1403		-	22
1404		-	23
1405		-	24
1406		-
	2023	+	member not to exceed Twenty -five Thousand Dollars ($25,000.00) an d
1407	2024		two percent (2%) of the final average salary in excess of Twenty-
1408	2025		five Thousand Dollars ($25,000.00) but not exceedin g the maximum
1409	2026		compensation level as pr ovided in paragraph (9) of Section 902 of
1410	2027		this title, multiplied by the number of years of service a s a
1411	2028		correctional officer or a probation and parole officer; provided,
1412	2029		any years accrued prior to July 1, 1990, as a co rrectional officer
1413	2030		or a probation and parole officer by a member who is employed as a
	2031	+	RBS No. 1061
	2032	+
	2033	+	Req. No. 1061 Page 28 1
	2034	+	2
	2035	+	3
	2036	+	4
	2037	+	5
	2038	+	6
	2039	+	7
	2040	+	8
	2041	+	9
	2042	+	10
	2043	+	11
	2044	+	12
	2045	+	13
	2046	+	14
	2047	+	15
	2048	+	16
	2049	+	17
	2050	+	18
	2051	+	19
	2052	+	20
	2053	+	21
	2054	+	22
	2055	+	23
	2056	+	24
	2057	+	1
	2058	+	2
	2059	+	3
	2060	+	4
	2061	+	5
	2062	+	6
	2063	+	7
	2064	+	8
	2065	+	9
	2066	+	10
	2067	+	11
	2068	+	12
	2069	+	13
	2070	+	14
	2071	+	15
	2072	+	16
	2073	+	17
	2074	+	18
	2075	+	19
	2076	+	20
	2077	+	21
	2078	+	22
	2079	+	23
	2080	+	24
	2081	+
1414	2082		correctional officer or a probation and parole offic er on July 1,
1415	2083		1990, shall be calculated for retire ment purposes at two and one -
1416	2084		quarter percent (2 1/4%) of the final a verage compensation of the
1417	2085		member not to exceed Twenty-five Thousand Dollars ($25,000.00) and
1418	2086		two percent (2%) of the final average salary in excess of Twenty-
1419	2087		five Thousand Dollars ($25,00 0.00) but not exceeding the maximum
1420	2088		compensation level as provided i n paragraph (9) of Section 902 of
1421	2089		this title, multiplied by the number of years of such service and
1422	2090		any years in excess of twenty (20) yea rs as such an officer or years
1423	2091		credited to the member in accordance with the provision s of Section
1424	2092		913 of this title shall be calculated for retirement purp oses at two
1425	2093		percent (2%) of the final average compensation of the member
1426	2094		multiplied by the number of years of such service. Any person who
1427	2095		contributes to the System as a correctional of ficer or a probation
1428	2096		and parole officer as provided in paragraph (b) o r (c) of subsection
1429	2097		(1) of Section 919.1 of this title, on or bef ore June 30, 2000, but
1430		-	who does not make such contributions after June 30, 2000, and who RBS No. 1061
1431		-
1432		-	SENATE FLOOR VERSION - SB692 SFLR Page 29
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1454		-	22
1455		-	23
1456		-	24
1457		-
	2098	+	who does not make such contributions after June 30, 2000, and who
1458	2099		does not qualify for normal reti rement under subparagraph (c) of
1459	2100		paragraph (24) of Section 902 of this title shall have retirement
1460	2101		benefits for each year of full -time-equivalent participating service
1461	2102		as a correctional or a probation and parole officer after July 1,
1462	2103		1990, computed on two and one-half percent (2 1/2%) of the final
1463	2104		average compensation based upon those years as a correctional
1464	2105		officer or a probation and par ole officer. Provided, further, an y
	2106	+	RBS No. 1061
	2107	+
	2108	+	Req. No. 1061 Page 29 1
	2109	+	2
	2110	+	3
	2111	+	4
	2112	+	5
	2113	+	6
	2114	+	7
	2115	+	8
	2116	+	9
	2117	+	10
	2118	+	11
	2119	+	12
	2120	+	13
	2121	+	14
	2122	+	15
	2123	+	16
	2124	+	17
	2125	+	18
	2126	+	19
	2127	+	20
	2128	+	21
	2129	+	22
	2130	+	23
	2131	+	24
	2132	+	1
	2133	+	2
	2134	+	3
	2135	+	4
	2136	+	5
	2137	+	6
	2138	+	7
	2139	+	8
	2140	+	9
	2141	+	10
	2142	+	11
	2143	+	12
	2144	+	13
	2145	+	14
	2146	+	15
	2147	+	16
	2148	+	17
	2149	+	18
	2150	+	19
	2151	+	20
	2152	+	21
	2153	+	22
	2154	+	23
	2155	+	24
	2156	+
1465	2157		fugitive apprehension agent shall be entitled to receive benefits as
1466	2158		outlined in this act Section 901 et seq. of this title for service
1467	2159		as a fugitive apprehension agent prior to July 1, 2002, only upon
1468	2160		payment to the System of the employee contributions which would have
1469	2161		been paid if such fugitive apprehen sion agent had been covered by
1470	2162		this section prior to the effective date of this act July 1, 2002,
1471	2163		plus interest of not to exceed ten percent (10%) as d etermined by
1472	2164		the Oklahoma Public Employees Retire ment Board of Trustees. The
1473	2165		Department of Corrections m ay make the employee contribution and
1474	2166		interest payment on behalf of such member.
1475	2167		(6) Any member who is a correctional officer, a probation and
1476	2168		parole officer or a fugitive apprehension agent employed by the
1477	2169		Department of Corrections at the time of retirem ent and who retires
1478	2170		on or after July 1, 2002, shall be entitled to receive an annual
1479	2171		retirement benefit equal to two a nd one-half percent (2 1/2%) of the
1480	2172		final average compensation of the member, but not exceeding the
1481		-	maximum compensation level as provided in paragraph (18) of Secti on RBS No. 1061
1482		-
1483		-	SENATE FLOOR VERSION - SB692 SFLR Page 30
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1506		-	23
1507		-	24
1508		-
	2173	+	maximum compensation level as provided in paragraph (18) of Section
1509	2174		902 of this title, multiplied by the number of years of service as a
1510	2175		correctional officer, a probation and parole officer or a fugit ive
1511	2176		apprehension agent, and any years in excess of twenty (20) years as
1512	2177		such an officer or age nt, or years credited to the member in
1513	2178		accordance with the provisions of Section 913 of this t itle, shall
1514	2179		be calculated for retirement purposes at two percent (2% ) of the
1515	2180		final average compensation of the member multiplied by the number of
	2181	+	RBS No. 1061
	2182	+
	2183	+	Req. No. 1061 Page 30 1
	2184	+	2
	2185	+	3
	2186	+	4
	2187	+	5
	2188	+	6
	2189	+	7
	2190	+	8
	2191	+	9
	2192	+	10
	2193	+	11
	2194	+	12
	2195	+	13
	2196	+	14
	2197	+	15
	2198	+	16
	2199	+	17
	2200	+	18
	2201	+	19
	2202	+	20
	2203	+	21
	2204	+	22
	2205	+	23
	2206	+	24
	2207	+	1
	2208	+	2
	2209	+	3
	2210	+	4
	2211	+	5
	2212	+	6
	2213	+	7
	2214	+	8
	2215	+	9
	2216	+	10
	2217	+	11
	2218	+	12
	2219	+	13
	2220	+	14
	2221	+	15
	2222	+	16
	2223	+	17
	2224	+	18
	2225	+	19
	2226	+	20
	2227	+	21
	2228	+	22
	2229	+	23
	2230	+	24
	2231	+
1516	2232		years of such service. For purposes of this paragraph, “final
1517	2233		average compensation ” shall be determined by co mputing the average
1518	2234		annual salary, in the manner prescribed by parag raph (18) of Section
1519	2235		902 of this title, for the highest three (3) years of the last ten
1520	2236		(10) years of participating service immediately preceding retirement
1521	2237		or termination of employment fo r all years of service p erformed by
1522	2238		such member, both for years of s ervice performed as a correctional
1523	2239		officer, probation and parole officer or fugitive apprehens ion
1524	2240		agent, not in excess of twenty (20) years, and for years of service
1525	2241		performed in excess of twenty (20) years, whet her as a correctional
1526	2242		officer, probation and parole officer, fugitive apprehension agent
1527	2243		or other position unless the computation of benef its would result in
1528	2244		a lower retirement benefit amount than if final average compensation
1529	2245		were to be computed as otherw ise provided by this paragraph. “Final
1530	2246		average compensation” Final average compensati on shall be determined
1531	2247		by computing the average annu al salary for the highest five (5) of
1532		-	the last ten (10) years of participating service immediately RBS No. 1061
1533		-
1534		-	SENATE FLOOR VERSION - SB692 SFLR Page 31
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1558		-	24
1559		-
	2248	+	the last ten (10) years of participating service immediately
1560	2249		preceding retirement or termination of employment, with re spect to
1561	2250		members whose first participating service occurs on or after July 1,
1562	2251		2013.
1563	2252		(7) Any member who is a correctional officer, a probation and
1564	2253		parole officer or a fugitive apprehension agent who has at least
1565	2254		five (5) years of service as a correctional officer, a probation and
1566	2255		parole officer or a fugitive apprehension age nt who is in such
	2256	+	RBS No. 1061
	2257	+
	2258	+	Req. No. 1061 Page 31 1
	2259	+	2
	2260	+	3
	2261	+	4
	2262	+	5
	2263	+	6
	2264	+	7
	2265	+	8
	2266	+	9
	2267	+	10
	2268	+	11
	2269	+	12
	2270	+	13
	2271	+	14
	2272	+	15
	2273	+	16
	2274	+	17
	2275	+	18
	2276	+	19
	2277	+	20
	2278	+	21
	2279	+	22
	2280	+	23
	2281	+	24
	2282	+	1
	2283	+	2
	2284	+	3
	2285	+	4
	2286	+	5
	2287	+	6
	2288	+	7
	2289	+	8
	2290	+	9
	2291	+	10
	2292	+	11
	2293	+	12
	2294	+	13
	2295	+	14
	2296	+	15
	2297	+	16
	2298	+	17
	2299	+	18
	2300	+	19
	2301	+	20
	2302	+	21
	2303	+	22
	2304	+	23
	2305	+	24
	2306	+
1567	2307		position on June 30, 2004, or who is hired after June 30, 2004, in
1568	2308		such position, and who receives a promotion or change in job
1569	2309		classification after June 30, 2004, to a nother position in the
1570	2310		Department of Corrections, and who is employed by the Department of
1571	2311		Corrections at the time of retirement and who retires on or after
1572	2312		July 1, 2004, shall be entitled to receive an annual retirem ent
1573	2313		benefit equal to two and one -half percent (2 1/2%) of the final
1574	2314		average compensation of the member, but n ot exceeding the maximum
1575	2315		compensation level as provided in paragraph (18) of Section 902 of
1576	2316		this title, multiplied by the number of years of servic e with the
1577	2317		Department of Corrections an d any years in excess of twenty (20)
1578	2318		years with the Department or year s credited to the member in
1579	2319		accordance with the provisions of Section 913 of this title, shall
1580	2320		be calculated for retirement purposes at two percent (2%) of the
1581	2321		final average compensation of the member multiplied by the number of
1582	2322		years of such service. For purposes of this paragraph, “final
1583		-	average compensation ” shall be determined by computing the average RBS No. 1061
1584		-
1585		-	SENATE FLOOR VERSION - SB692 SFLR Page 32
1586		-	(Bold face denotes Committee Amendments) 1
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1610		-
	2323	+	average compensation ” shall be determined by computing the average
1611	2324		annual salary, in the manner prescribed by p aragraph (18) of Section
1612	2325		902 of this title, for the highest three (3) years of the last ten
1613	2326		(10) years of participating service immediatel y preceding retirement
1614	2327		or termination of employment for all years of service performed by
1615	2328		such member with the Departm ent. “Final average compensation ” Final
1616	2329		average compensation shall be determined by c omputing the average
1617	2330		annual salary for the highest five (5) of the last ten (10) years of
	2331	+	RBS No. 1061
	2332	+
	2333	+	Req. No. 1061 Page 32 1
	2334	+	2
	2335	+	3
	2336	+	4
	2337	+	5
	2338	+	6
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	2341	+	9
	2342	+	10
	2343	+	11
	2344	+	12
	2345	+	13
	2346	+	14
	2347	+	15
	2348	+	16
	2349	+	17
	2350	+	18
	2351	+	19
	2352	+	20
	2353	+	21
	2354	+	22
	2355	+	23
	2356	+	24
	2357	+	1
	2358	+	2
	2359	+	3
	2360	+	4
	2361	+	5
	2362	+	6
	2363	+	7
	2364	+	8
	2365	+	9
	2366	+	10
	2367	+	11
	2368	+	12
	2369	+	13
	2370	+	14
	2371	+	15
	2372	+	16
	2373	+	17
	2374	+	18
	2375	+	19
	2376	+	20
	2377	+	21
	2378	+	22
	2379	+	23
	2380	+	24
	2381	+
1618	2382		participating service immediately preceding retirement or
1619	2383		termination of employm ent, with respect to members w hose first
1620	2384		participating service occurs on or after July 1, 2013.
1621	2385		(8) Any person who contributed to the S ystem as a correctional
1622	2386		officer, a probation and parole officer or a fugitive apprehension
1623	2387		agent as provided in paragrap h (b) or (c) of subsection (1) of
1624	2388		Section 919.1 of this title, and who retires under normal retirement
1625	2389		or early retirement on or after J anuary 1, 2004, under paragraph
1626	2390		(24) of Section 902 of this title, and any public safety officer
1627	2391		described by paragraph (37) of Section 902 of this ti tle hired on or
1628	2392		after the effective date of this act July 1, 2016, by the Grand
1629	2393		River Dam Authority and who r etires on or after the effective date
1630	2394		of this act July 1, 2016, shall have retirement benefits for each
1631	2395		year of full-time-equivalent participating service as a correcti onal
1632	2396		officer, a probation and parol e officer or a fugitive apprehension
1633	2397		agent, or Grand River Dam public safety officer computed on two and
1634		-	one-half percent (2 1/2%) of the final average compensation based RBS No. 1061
1635		-
1636		-	SENATE FLOOR VERSION - SB692 SFLR Page 33
1637		-	(Bold face denotes Committee Amendments) 1
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1659		-	23
1660		-	24
1661		-
	2398	+	one-half percent (2 1/2%) of the final average compensation based
1662	2399		upon those years as a correctional officer, a prob ation and parole
1663	2400		officer, a fugitive apprehension agent or a Grand River D am public
1664	2401		safety officer. For purpose s of this paragraph, “final average
1665	2402		compensation” shall be determined by computing the averag e annual
1666	2403		salary, in the manner prescribed by paragr aph (18) of Section 902 of
1667	2404		this title, for the highest three (3) years of the last ten (10)
1668	2405		years of participati ng service immediately preceding retirement or
	2406	+	RBS No. 1061
	2407	+
	2408	+	Req. No. 1061 Page 33 1
	2409	+	2
	2410	+	3
	2411	+	4
	2412	+	5
	2413	+	6
	2414	+	7
	2415	+	8
	2416	+	9
	2417	+	10
	2418	+	11
	2419	+	12
	2420	+	13
	2421	+	14
	2422	+	15
	2423	+	16
	2424	+	17
	2425	+	18
	2426	+	19
	2427	+	20
	2428	+	21
	2429	+	22
	2430	+	23
	2431	+	24
	2432	+	1
	2433	+	2
	2434	+	3
	2435	+	4
	2436	+	5
	2437	+	6
	2438	+	7
	2439	+	8
	2440	+	9
	2441	+	10
	2442	+	11
	2443	+	12
	2444	+	13
	2445	+	14
	2446	+	15
	2447	+	16
	2448	+	17
	2449	+	18
	2450	+	19
	2451	+	20
	2452	+	21
	2453	+	22
	2454	+	23
	2455	+	24
	2456	+
1669	2457		termination of employment for all years of ser vice performed by such
1670	2458		member, both for years of se rvice performed as a correctional
1671	2459		officer, probation and parole officer or fugitive apprehension
1672	2460		agent, or years of service performed as a Grand River Dam public
1673	2461		safety officer, not in excess of twenty (20 ) years, and for years of
1674	2462		service performed in exce ss of twenty (20) years, whether as a
1675	2463		correctional officer, probation and parole officer, fugitive
1676	2464		apprehension agent, Grand River Dam public safety officer, or other
1677	2465		position unless the computation of ben efits would result in a lower
1678	2466		retirement benefit am ount than if final average compensa tion were to
1679	2467		be computed as otherwise p rovided by this paragraph. “Final average
1680	2468		compensation” Final average compensation shall be determined by
1681	2469		computing the average an nual salary for the highest five (5) of the
1682	2470		last ten (10) years of participating ser vice immediately preceding
1683	2471		retirement or termination of employment, with respect to members
1684	2472		whose first participating service occurs on or after July 1, 2013,
1685		-	or with respect to Grand River Dam public safety officers whose RBS No. 1061
1686		-
1687		-	SENATE FLOOR VERSION - SB692 SFLR Page 34
1688		-	(Bold face denotes Committee Amendments) 1
1689		-	2
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1712		-
	2473	+	or with respect to Grand River Dam public safety officers whose
1713	2474		first participating service occur s on or after the effective date of
1714	2475		this act July 1, 2016.
1715	2476		(9) Any member who is :
1716	2477		a. initially on or after July 1, 200 2, employed as a
1717	2478		firefighter for the Oklahoma Military Department of
1718	2479		the State of Oklahoma and who retires on or after the
1719	2480		member’s normal retirement date shall be entitled to
	2481	+	RBS No. 1061
	2482	+
	2483	+	Req. No. 1061 Page 34 1
	2484	+	2
	2485	+	3
	2486	+	4
	2487	+	5
	2488	+	6
	2489	+	7
	2490	+	8
	2491	+	9
	2492	+	10
	2493	+	11
	2494	+	12
	2495	+	13
	2496	+	14
	2497	+	15
	2498	+	16
	2499	+	17
	2500	+	18
	2501	+	19
	2502	+	20
	2503	+	21
	2504	+	22
	2505	+	23
	2506	+	24
	2507	+	1
	2508	+	2
	2509	+	3
	2510	+	4
	2511	+	5
	2512	+	6
	2513	+	7
	2514	+	8
	2515	+	9
	2516	+	10
	2517	+	11
	2518	+	12
	2519	+	13
	2520	+	14
	2521	+	15
	2522	+	16
	2523	+	17
	2524	+	18
	2525	+	19
	2526	+	20
	2527	+	21
	2528	+	22
	2529	+	23
	2530	+	24
	2531	+
1720	2532		receive an annual retirement benefit equal to two and
1721	2533		one-half percent (2 1/2%) of the final average
1722	2534		compensation of the member multi plied by the number of
1723	2535		years of service in such ser vice,
1724	2536		b. (1) a firefighter who perf orms firefighting services
1725	2537		for the Oklahoma Military Department of the State
1726	2538		of Oklahoma prior to July 1, 2002, and who makes
1727	2539		an election in writing on a form prescrib ed for
1728	2540		this purpose by the System not later than
1729	2541		December 31, 2002, shall be entitled to receive a
1730	2542		retirement benefit based upon two and one -half
1731	2543		percent (2 1/2%) of the final average
1732	2544		compensation of the member multipl ied by the
1733	2545		number of years of service as a firefighter with
1734	2546		the Oklahoma Military Department of the State of
1735	2547		Oklahoma on or after July 1, 2002. The election
1736		-	authorized by this sub division shall be RBS No. 1061
1737		-
1738		-	SENATE FLOOR VERSION - SB692 SFLR Page 35
1739		-	(Bold face denotes Committee Amendments) 1
1740		-	2
1741		-	3
1742		-	4
1743		-	5
1744		-	6
1745		-	7
1746		-	8
1747		-	9
1748		-	10
1749		-	11
1750		-	12
1751		-	13
1752		-	14
1753		-	15
1754		-	16
1755		-	17
1756		-	18
1757		-	19
1758		-	20
1759		-	21
1760		-	22
1761		-	23
1762		-	24
1763		-
	2548	+	authorized by this sub division shall be
1764	2549		irrevocable once the election is filed with the
1765	2550		System,
1766	2551		(2) a firefighter who perfo rms firefighting services
1767	2552		for the Oklahoma Military Department of the State
1768	2553		of Oklahoma prior to July 1, 2002, and who makes
1769	2554		the election in division (1) o f this subparagraph
1770	2555		may also make an election in writing o n a form
	2556	+	RBS No. 1061
	2557	+
	2558	+	Req. No. 1061 Page 35 1
	2559	+	2
	2560	+	3
	2561	+	4
	2562	+	5
	2563	+	6
	2564	+	7
	2565	+	8
	2566	+	9
	2567	+	10
	2568	+	11
	2569	+	12
	2570	+	13
	2571	+	14
	2572	+	15
	2573	+	16
	2574	+	17
	2575	+	18
	2576	+	19
	2577	+	20
	2578	+	21
	2579	+	22
	2580	+	23
	2581	+	24
	2582	+	1
	2583	+	2
	2584	+	3
	2585	+	4
	2586	+	5
	2587	+	6
	2588	+	7
	2589	+	8
	2590	+	9
	2591	+	10
	2592	+	11
	2593	+	12
	2594	+	13
	2595	+	14
	2596	+	15
	2597	+	16
	2598	+	17
	2599	+	18
	2600	+	19
	2601	+	20
	2602	+	21
	2603	+	22
	2604	+	23
	2605	+	24
	2606	+
1771	2607		prescribed for this purpose by the System not
1772	2608		later than December 31, 2002, to receive a
1773	2609		retirement benefit based upon two and one -half
1774	2610		percent (2 1/2%) of the final average
1775	2611		compensation of the member multiplied by the
1776	2612		number of years of service a s a firefighter with
1777	2613		the Oklahoma Military Department of the State of
1778	2614		Oklahoma prior to July 1, 2002. The election
1779	2615		authorized by this subdivision shall be
1780	2616		irrevocable once the election is filed wit h the
1781	2617		System. Retirement benefits shall be calculated
1782	2618		based upon the two and one -half percent (2 1/2%)
1783	2619		multiplier upon payment being made pursuant to
1784	2620		Section 913.5 of this title.
1785	2621		(10) Any person who contributes to the System as a deputy
1786	2622		sheriff or county jailer as provided in paragraph (f) of subsection
1787		-	(1) of Section 919.1 of this tit le, and who retires under normal RBS No. 1061
1788		-
1789		-	SENATE FLOOR VERSION - SB692 SFLR Page 36
1790		-	(Bold face denotes Committee Amendments) 1
1791		-	2
1792		-	3
1793		-	4
1794		-	5
1795		-	6
1796		-	7
1797		-	8
1798		-	9
1799		-	10
1800		-	11
1801		-	12
1802		-	13
1803		-	14
1804		-	15
1805		-	16
1806		-	17
1807		-	18
1808		-	19
1809		-	20
1810		-	21
1811		-	22
1812		-	23
1813		-	24
1814		-
	2623	+	(1) of Section 919.1 of this tit le, and who retires under normal
1815	2624		retirement or early retirement unde r division (v) of subparagraph
1816	2625		(d) of paragraph (24) of Section 902 of this title, shall have
1817	2626		retirement benefits for each year of full -time-equivalent
1818	2627		participating service as a deputy sh eriff or county jailer computed
1819	2628		on two and one-half percent (2 1/2%) of the final average
1820	2629		compensation based upon those years as a deputy sheriff or county
1821	2630		jailer, and any years in excess of twenty (20) years as a deputy
	2631	+	RBS No. 1061
	2632	+
	2633	+	Req. No. 1061 Page 36 1
	2634	+	2
	2635	+	3
	2636	+	4
	2637	+	5
	2638	+	6
	2639	+	7
	2640	+	8
	2641	+	9
	2642	+	10
	2643	+	11
	2644	+	12
	2645	+	13
	2646	+	14
	2647	+	15
	2648	+	16
	2649	+	17
	2650	+	18
	2651	+	19
	2652	+	20
	2653	+	21
	2654	+	22
	2655	+	23
	2656	+	24
	2657	+	1
	2658	+	2
	2659	+	3
	2660	+	4
	2661	+	5
	2662	+	6
	2663	+	7
	2664	+	8
	2665	+	9
	2666	+	10
	2667	+	11
	2668	+	12
	2669	+	13
	2670	+	14
	2671	+	15
	2672	+	16
	2673	+	17
	2674	+	18
	2675	+	19
	2676	+	20
	2677	+	21
	2678	+	22
	2679	+	23
	2680	+	24
	2681	+
1822	2682		sheriff or county jailer, or years credited to the member in
1823	2683		accordance with the provisions of Section 913 of this title, shall
1824	2684		be calculated for retirement purposes at two percent (2%) of the
1825	2685		final average compensation of the member multiplied by the number of
1826	2686		years of such service. For p urposes of this paragraph, “final
1827	2687		average compensation” shall be determined by computing the average
1828	2688		annual salary, in the manner prescribed by paragraph (18) of Section
1829	2689		902 of this title, both for years of service performed as a deputy
1830	2690		sheriff or county jailer not in excess of twenty (20) years, and for
1831	2691		years of service performed in excess of twenty (20) years, whether
1832	2692		as a deputy sheriff or county jailer.
1833	2693		(11) Any person who contributes to the System as a n emergency
1834	2694		medical service personnel as provided in para graph (h) of subsection
1835	2695		(1) of Section 919.1 of this title, and who retires under normal
1836	2696		retirement or early retirement under division (vii) of subparagraph
1837	2697		(d) of paragraph (24) of Section 902 of this title, shall have
1838		-	retirement benefits for each year of full -time-equivalent RBS No. 1061
1839		-
1840		-	SENATE FLOOR VERSION - SB692 SFLR Page 37
1841		-	(Bold face denotes Committee Amendments) 1
1842		-	2
1843		-	3
1844		-	4
1845		-	5
1846		-	6
1847		-	7
1848		-	8
1849		-	9
1850		-	10
1851		-	11
1852		-	12
1853		-	13
1854		-	14
1855		-	15
1856		-	16
1857		-	17
1858		-	18
1859		-	19
1860		-	20
1861		-	21
1862		-	22
1863		-	23
1864		-	24
1865		-
	2698	+	retirement benefits for each year of full -time-equivalent
1866	2699		participating service as an emergency medical service personnel
1867	2700		computed on two and one -half percent (2 1/2%) of the final average
1868	2701		compensation based upon those years as an emergency medical service
1869	2702		personnel. Any years of full-time-equivalent participating service
1870	2703		in excess of twenty (20) years as an emergency medical personnel, or
1871	2704		years credited to the member in accor dance with the provisions of
1872	2705		Section 913 of this title, shall be calculated for retirement
	2706	+	RBS No. 1061
	2707	+
	2708	+	Req. No. 1061 Page 37 1
	2709	+	2
	2710	+	3
	2711	+	4
	2712	+	5
	2713	+	6
	2714	+	7
	2715	+	8
	2716	+	9
	2717	+	10
	2718	+	11
	2719	+	12
	2720	+	13
	2721	+	14
	2722	+	15
	2723	+	16
	2724	+	17
	2725	+	18
	2726	+	19
	2727	+	20
	2728	+	21
	2729	+	22
	2730	+	23
	2731	+	24
	2732	+	1
	2733	+	2
	2734	+	3
	2735	+	4
	2736	+	5
	2737	+	6
	2738	+	7
	2739	+	8
	2740	+	9
	2741	+	10
	2742	+	11
	2743	+	12
	2744	+	13
	2745	+	14
	2746	+	15
	2747	+	16
	2748	+	17
	2749	+	18
	2750	+	19
	2751	+	20
	2752	+	21
	2753	+	22
	2754	+	23
	2755	+	24
	2756	+
1873	2757		purposes at two percent (2%) of the final average com pensation of
1874	2758		the member multiplied by the number of years of such service. For
1875	2759		the purposes of this paragraph, “final average compensation” shall
1876	2760		be determined by computing the average annual salary, in the manner
1877	2761		prescribed by paragraph 18 of Section 902 of this title, both for
1878	2762		years of service performed as an emergency medical personnel no t in
1879	2763		excess of twenty (20) years, and for years of service performed in
1880	2764		excess of twenty (20) years, as an emergency medical service
1881	2765		personnel.
1882	2766		(12) Upon death of a retiree, there shall be paid to his or her
1883	2767		beneficiary an amount equal to the excess, if a ny, of his or her
1884	2768		accumulated contributions over the sum of all retirement benefit
1885	2769		payments made.
1886	2770		(12) (13) Such annual retirement benefits shall be paid in
1887	2771		equal monthly installments, except that the Board may provide for
1888	2772		the payment of retirement benefi ts which total less than Two Hundred
1889		-	Forty Dollars ($240.00) a year on other than a monthly basis. RBS No. 1061
1890		-
1891		-	SENATE FLOOR VERSION - SB692 SFLR Page 38
1892		-	(Bold face denotes Committee Amendments) 1
1893		-	2
1894		-	3
1895		-	4
1896		-	5
1897		-	6
1898		-	7
1899		-	8
1900		-	9
1901		-	10
1902		-	11
1903		-	12
1904		-	13
1905		-	14
1906		-	15
1907		-	16
1908		-	17
1909		-	18
1910		-	19
1911		-	20
1912		-	21
1913		-	22
1914		-	23
1915		-	24
1916		-
	2773	+	Forty Dollars ($240.00) a year on other than a monthly basis.
1917	2774		(13) (14) Pursuant to the rules established by the Board, a
1918	2775		retiree receiving monthly benefits from the System may authorize
1919	2776		warrant deductions for any prod ucts currently offered to active
1920	2777		state employees through the Employees Benefits Council Oklahoma
1921	2778		Employees Insurance and Benefits Board , provided that product is
1922	2779		offered to state retirees as a group and has a minimum participation
1923	2780		of five hundred state retirees. The System has no responsibility
	2781	+	RBS No. 1061
	2782	+
	2783	+	Req. No. 1061 Page 38 1
	2784	+	2
	2785	+	3
	2786	+	4
	2787	+	5
	2788	+	6
	2789	+	7
	2790	+	8
	2791	+	9
	2792	+	10
	2793	+	11
	2794	+	12
	2795	+	13
	2796	+	14
	2797	+	15
	2798	+	16
	2799	+	17
	2800	+	18
	2801	+	19
	2802	+	20
	2803	+	21
	2804	+	22
	2805	+	23
	2806	+	24
	2807	+	1
	2808	+	2
	2809	+	3
	2810	+	4
	2811	+	5
	2812	+	6
	2813	+	7
	2814	+	8
	2815	+	9
	2816	+	10
	2817	+	11
	2818	+	12
	2819	+	13
	2820	+	14
	2821	+	15
	2822	+	16
	2823	+	17
	2824	+	18
	2825	+	19
	2826	+	20
	2827	+	21
	2828	+	22
	2829	+	23
	2830	+	24
	2831	+
1924	2832		for the marketing, enrolling or administration of such products, but
1925	2833		shall retain a processing fee of two percent (2%) of the g ross
1926	2834		deductions for the products. Retirement benefit deductions shall be
1927	2835		made for membership dues for any statewide association for whi ch
1928	2836		payroll deductions are authorized pursuant to subsection B of
1929	2837		Section 34.70 of Title 62 of the Oklahoma Statutes for retired
1930	2838		members of any state -supported retirement system, upon proper
1931	2839		authorization given by the member to the board from which the memb er
1932	2840		or beneficiary is currently receiving retirement benefits.
1933	2841		B. A member shall be considered disabled if such member
1934	2842		qualifies for the payment of Social Security disability benefits, or
1935	2843		the payment of benefits pursuant to the Railroad Retirement Act of
1936	2844		1974, Section 231 et seq. of Title 45 of the United States Code, and
1937	2845		shall be eligible for benefits hereunder upon proof of such
1938	2846		disability, provided such m ember is an active regularly scheduled
1939	2847		employee with a participating employer at the time of injury o r
1940		-	inception of illness or disease resulting in subsequent RBS No. 1061
1941		-
1942		-	SENATE FLOOR VERSION - SB692 SFLR Page 39
1943		-	(Bold face denotes Committee Amendments) 1
1944		-	2
1945		-	3
1946		-	4
1947		-	5
1948		-	6
1949		-	7
1950		-	8
1951		-	9
1952		-	10
1953		-	11
1954		-	12
1955		-	13
1956		-	14
1957		-	15
1958		-	16
1959		-	17
1960		-	18
1961		-	19
1962		-	20
1963		-	21
1964		-	22
1965		-	23
1966		-	24
1967		-
	2848	+	inception of illness or disease resulting in subsequent
1968	2849		certification of eligibility for Social Security disability be nefits
1969	2850		by reason of such injury, il lness or disease, providing such
1970	2851		disability is certified by the Social Security Administration within
1971	2852		one (1) year after the last date physically on the job and after
1972	2853		completion of at least eight (8) years of participatin g service or
1973	2854		combined prior and par ticipating service or resulting in subsequent
1974	2855		certification of eligibility of disability by the Railr oad
	2856	+	RBS No. 1061
	2857	+
	2858	+	Req. No. 1061 Page 39 1
	2859	+	2
	2860	+	3
	2861	+	4
	2862	+	5
	2863	+	6
	2864	+	7
	2865	+	8
	2866	+	9
	2867	+	10
	2868	+	11
	2869	+	12
	2870	+	13
	2871	+	14
	2872	+	15
	2873	+	16
	2874	+	17
	2875	+	18
	2876	+	19
	2877	+	20
	2878	+	21
	2879	+	22
	2880	+	23
	2881	+	24
	2882	+	1
	2883	+	2
	2884	+	3
	2885	+	4
	2886	+	5
	2887	+	6
	2888	+	7
	2889	+	8
	2890	+	9
	2891	+	10
	2892	+	11
	2893	+	12
	2894	+	13
	2895	+	14
	2896	+	15
	2897	+	16
	2898	+	17
	2899	+	18
	2900	+	19
	2901	+	20
	2902	+	21
	2903	+	22
	2904	+	23
	2905	+	24
	2906	+
1975	2907		Retirement Board providing such certification is made by the
1976	2908		Railroad Retirement Board within one (1) year after the last date
1977	2909		physically on the job an d after completion of at least eight (8)
1978	2910		years of participating service or combined prior and partici pating
1979	2911		service. The member shall submit to the Retirement System the
1980	2912		Social Security Award Notice or the Railroad Retir ement Award Notice
1981	2913		certifying the date of entitlement for disability benefits, as
1982	2914		issued by the Social Security Administration, Departme nt of Health
1983	2915		and Human Services or the Railroad Retirement Board. Disability
1984	2916		benefits shall become effective on the dat e of entitlement as
1985	2917		established by the Social Security Administration or the Railroad
1986	2918		Retirement Board, but not before the first day of the month
1987	2919		following removal from the payroll, whichever is later, a nd final
1988	2920		approval by the Retirement System. Benefits shall be based upon
1989	2921		length of service and compensation as of the date of disability,
1990	2922		without actuarial reduction because of commencemen t prior to the
1991		-	normal retirement date. The only optional form of b enefit payment RBS No. 1061
1992		-
1993		-	SENATE FLOOR VERSION - SB692 SFLR Page 40
1994		-	(Bold face denotes Committee Amendments) 1
1995		-	2
1996		-	3
1997		-	4
1998		-	5
1999		-	6
2000		-	7
2001		-	8
2002		-	9
2003		-	10
2004		-	11
2005		-	12
2006		-	13
2007		-	14
2008		-	15
2009		-	16
2010		-	17
2011		-	18
2012		-	19
2013		-	20
2014		-	21
2015		-	22
2016		-	23
2017		-	24
2018		-
	2923	+	normal retirement date. The only optional form of b enefit payment
2019	2924		available for disability benefits is O ption A as provided for in
2020	2925		Section 918 of this title. Option A must be elected in accordance
2021	2926		with the provisions of Section 918 of this title. Benefit payments
2022	2927		shall cease upon the member ’s recovery from disability prior to the
2023	2928		normal retirement date. F uture benefits, if any, shall be pa id
2024	2929		based upon length of service and compensation as of the date of
2025	2930		disability. In the event that dis ability ceases and the member
	2931	+	RBS No. 1061
	2932	+
	2933	+	Req. No. 1061 Page 40 1
	2934	+	2
	2935	+	3
	2936	+	4
	2937	+	5
	2938	+	6
	2939	+	7
	2940	+	8
	2941	+	9
	2942	+	10
	2943	+	11
	2944	+	12
	2945	+	13
	2946	+	14
	2947	+	15
	2948	+	16
	2949	+	17
	2950	+	18
	2951	+	19
	2952	+	20
	2953	+	21
	2954	+	22
	2955	+	23
	2956	+	24
	2957	+	1
	2958	+	2
	2959	+	3
	2960	+	4
	2961	+	5
	2962	+	6
	2963	+	7
	2964	+	8
	2965	+	9
	2966	+	10
	2967	+	11
	2968	+	12
	2969	+	13
	2970	+	14
	2971	+	15
	2972	+	16
	2973	+	17
	2974	+	18
	2975	+	19
	2976	+	20
	2977	+	21
	2978	+	22
	2979	+	23
	2980	+	24
	2981	+
2026	2982		returns to employment within the Syst em credited service to the date
2027	2983		of disability shall b e restored, and future benefits sha ll be
2028	2984		determined accordingly.
2029	2985		C. A member who incurred a disability pursuant to subsection B
2030	2986		of this section on or after July 1, 1999, and who has retired from
2031	2987		the System with an early retirement benefit pending certific ation
2032	2988		from the Social Security Admi nistration or the Railroad Retirement
2033	2989		Board shall receive a retirement benefit not less than the
2034	2990		disability retirement benefit provided by subsection B of this
2035	2991		section once the System receives a Social Security Award Noti ce or a
2036	2992		Railroad Retirement Award N otice pursuant to subsection B of this
2037	2993		section and a completed Application for Disability Benefits
2038	2994		application for disability benefits . In addition, such member shall
2039	2995		receive the difference, if any, betw een the early retirement benefit
2040	2996		and the disability benefit from the date the Social Security
2041	2997		Administration or the Railroad Retirement Board establishes
2042		-	disability entitlement. RBS No. 1061
2043		-
2044		-	SENATE FLOOR VERSION - SB692 SFLR Page 41
2045		-	(Bold face denotes Committee Amendments) 1
2046		-	2
2047		-	3
2048		-	4
2049		-	5
2050		-	6
2051		-	7
2052		-	8
2053		-	9
2054		-	10
2055		-	11
2056		-	12
2057		-	13
2058		-	14
2059		-	15
2060		-	16
2061		-	17
2062		-	18
2063		-	19
2064		-	20
2065		-	21
2066		-	22
2067		-	23
2068		-	24
2069		-
	2998	+	disability entitlement.
2070	2999		D. Any actively participating member of the System on or after
2071	3000		July 1, 1998, except for those employees provided in subparagraph
2072	3001		(e) of paragraph (14) of Section 902 of this tit le, whose employment
2073	3002		is less than full-time, shall have his or her final average
2074	3003		compensation calculated on an annualized basis using his or her
2075	3004		hourly wage subject to the maximum compensation limits; provide d,
2076	3005		however, any such member whose first particip ating service occurred
	3006	+	RBS No. 1061
	3007	+
	3008	+	Req. No. 1061 Page 41 1
	3009	+	2
	3010	+	3
	3011	+	4
	3012	+	5
	3013	+	6
	3014	+	7
	3015	+	8
	3016	+	9
	3017	+	10
	3018	+	11
	3019	+	12
	3020	+	13
	3021	+	14
	3022	+	15
	3023	+	16
	3024	+	17
	3025	+	18
	3026	+	19
	3027	+	20
	3028	+	21
	3029	+	22
	3030	+	23
	3031	+	24
	3032	+	1
	3033	+	2
	3034	+	3
	3035	+	4
	3036	+	5
	3037	+	6
	3038	+	7
	3039	+	8
	3040	+	9
	3041	+	10
	3042	+	11
	3043	+	12
	3044	+	13
	3045	+	14
	3046	+	15
	3047	+	16
	3048	+	17
	3049	+	18
	3050	+	19
	3051	+	20
	3052	+	21
	3053	+	22
	3054	+	23
	3055	+	24
	3056	+
2077	3057		before July 1, 2013, and who h as at least three (3) years of full -
2078	3058		time employment during the last ten (10) years immediately precedin g
2079	3059		termination or retirement shall not be eligible fo r the
2080	3060		annualization provisions contained herein; and provided further, any
2081	3061		such member whose first pa rticipating service occurred on or after
2082	3062		July 1, 2013, and who has at least five (5) years of full -time
2083	3063		employment during the last ten (10) years immediate ly preceding
2084	3064		termination or retirement shall not be eligible for the
2085	3065		annualization provisions contain ed herein. The Board of Trustees
2086	3066		shall promulgate such administrative rules as are necessary to
2087	3067		implement the provisions of this subsection.
2088	3068		SECTION 3. AMENDATORY 74 O.S. 2021, Section 916.3, is
2089	3069		amended to read as follows:
2090	3070		Section 916.3. A. 1. Notwithstanding the provisions of
2091	3071		Sections 901 through 932 of this title, a monthly pension, as
2092	3072		provided in subsection B of this section, shall be paid on behalf of
2093		-	any member who is a correctional officer or probation and parole RBS No. 1061
2094		-
2095		-	SENATE FLOOR VERSION - SB692 SFLR Page 42
2096		-	(Bold face denotes Committee Amendments) 1
2097		-	2
2098		-	3
2099		-	4
2100		-	5
2101		-	6
2102		-	7
2103		-	8
2104		-	9
2105		-	10
2106		-	11
2107		-	12
2108		-	13
2109		-	14
2110		-	15
2111		-	16
2112		-	17
2113		-	18
2114		-	19
2115		-	20
2116		-	21
2117		-	22
2118		-	23
2119		-	24
2120		-
	3073	+	any member who is a correctional officer or probation and parole
2121	3074		officer of the Department of Corrections and who is killed or
2122	3075		mortally wounded on or after January 1, 2000, during the performa nce
2123	3076		of the member’s duties for the Department or any employee of the
2124	3077		Department of Corrections who is killed or mortally wounded after
2125	3078		June 30, 2004, during the performance of the member ’s duties for the
2126	3079		Department.
	3080	+	RBS No. 1061
	3081	+
	3082	+	Req. No. 1061 Page 42 1
	3083	+	2
	3084	+	3
	3085	+	4
	3086	+	5
	3087	+	6
	3088	+	7
	3089	+	8
	3090	+	9
	3091	+	10
	3092	+	11
	3093	+	12
	3094	+	13
	3095	+	14
	3096	+	15
	3097	+	16
	3098	+	17
	3099	+	18
	3100	+	19
	3101	+	20
	3102	+	21
	3103	+	22
	3104	+	23
	3105	+	24
	3106	+	1
	3107	+	2
	3108	+	3
	3109	+	4
	3110	+	5
	3111	+	6
	3112	+	7
	3113	+	8
	3114	+	9
	3115	+	10
	3116	+	11
	3117	+	12
	3118	+	13
	3119	+	14
	3120	+	15
	3121	+	16
	3122	+	17
	3123	+	18
	3124	+	19
	3125	+	20
	3126	+	21
	3127	+	22
	3128	+	23
	3129	+	24
	3130	+
2127	3131		2. The monthly pension described in t his section shall be paid
2128	3132		on behalf of any member first hired by any county that is a
2129	3133		participating employer in the System as a deputy sher iff or jailer
2130	3134		on or after November 1, 2020, and who is killed or mortally wounded
2131	3135		during the performance of the membe r’s duties as a deputy sheriff or
2132	3136		jailer.
2133	3137		3. The monthly pension described in this section shall be paid
2134	3138		on behalf of a licensed emergency medical personnel hired by any
2135	3139		participating employer for the fir st time as a licensed emergency
2136	3140		medical personnel on or after the effective date of this act, and
2137	3141		who is killed or mortally wounded during the per formance of the
2138	3142		member’s duties as an emergency medical personnel.
2139	3143		B. The monthly benefit shall be equal to:
2140	3144		1. Two and one-half percent (2 1/2%);
2141	3145		2. Multiplied by twenty (20) years of service, regardless of
2142	3146		the actual number of years of credited service performed by the
2143		-	member prior to death, if the member had performed l ess than twenty RBS No. 1061
2144		-
2145		-	SENATE FLOOR VERSION - SB692 SFLR Page 43
2146		-	(Bold face denotes Committee Amendments) 1
2147		-	2
2148		-	3
2149		-	4
2150		-	5
2151		-	6
2152		-	7
2153		-	8
2154		-	9
2155		-	10
2156		-	11
2157		-	12
2158		-	13
2159		-	14
2160		-	15
2161		-	16
2162		-	17
2163		-	18
2164		-	19
2165		-	20
2166		-	21
2167		-	22
2168		-	23
2169		-	24
2170		-
	3147	+	member prior to death, if the member had performed l ess than twenty
2171	3148		(20) years of credited s ervice, or the actual number of years of
2172	3149		credited service of the member if greater than twenty (20) y ears;
2173	3150		3. Multiplied by the member ’s final average compensation; and
2174	3151		4. Divided by 12.
2175	3152		C. The pension provided fo r in subsection A of this section
2176	3153		shall be paid:
	3154	+	RBS No. 1061
	3155	+
	3156	+	Req. No. 1061 Page 43 1
	3157	+	2
	3158	+	3
	3159	+	4
	3160	+	5
	3161	+	6
	3162	+	7
	3163	+	8
	3164	+	9
	3165	+	10
	3166	+	11
	3167	+	12
	3168	+	13
	3169	+	14
	3170	+	15
	3171	+	16
	3172	+	17
	3173	+	18
	3174	+	19
	3175	+	20
	3176	+	21
	3177	+	22
	3178	+	23
	3179	+	24
	3180	+	1
	3181	+	2
	3182	+	3
	3183	+	4
	3184	+	5
	3185	+	6
	3186	+	7
	3187	+	8
	3188	+	9
	3189	+	10
	3190	+	11
	3191	+	12
	3192	+	13
	3193	+	14
	3194	+	15
	3195	+	16
	3196	+	17
	3197	+	18
	3198	+	19
	3199	+	20
	3200	+	21
	3201	+	22
	3202	+	23
	3203	+	24
	3204	+
2177	3205		1. Except as provided in subsection D of this section, to the
2178	3206		surviving spouse for life; or
2179	3207		2. If there is no surviving spouse or upon the death of the
2180	3208		surviving spouse:
2181	3209		a. to the surviving child or childr en of said member or
2182	3210		legal guardian of such child or children for such time
2183	3211		as such child or children are under the age of
2184	3212		eighteen (18) years, or
2185	3213		b. to the surviving child or children between the age of
2186	3214		eighteen (18) and twenty-two (22) years if the child
2187	3215		is enrolled full time in and is regular ly attending a
2188	3216		public or private school or any i nstitution of higher
2189	3217		education.
2190	3218		D. No surviving spou se shall receive benefits from this
2191	3219		section, Section 49-113 of Title 11 of t he Oklahoma Statutes,
2192	3220		Section 50-117 of Title 11 of the Oklahoma Statutes, or S ection 2-
2193	3221		306 of Title 47 of the Oklahoma Statute s as the surviving spouse of
2194		-	more than one member of the Oklahoma Firefight ers Pension and RBS No. 1061
2195		-
2196		-	SENATE FLOOR VERSION - SB692 SFLR Page 44
2197		-	(Bold face denotes Committee Amendments) 1
2198		-	2
2199		-	3
2200		-	4
2201		-	5
2202		-	6
2203		-	7
2204		-	8
2205		-	9
2206		-	10
2207		-	11
2208		-	12
2209		-	13
2210		-	14
2211		-	15
2212		-	16
2213		-	17
2214		-	18
2215		-	19
2216		-	20
2217		-	21
2218		-	22
2219		-	23
2220		-	24
2221		-
	3222	+	more than one member of the Oklahoma Firefighters Pension and
2222	3223		Retirement System, the Oklahoma Police Pension and Retirement
2223	3224		System, the Oklahoma Law Enforcement Retirement System, or the
2224	3225		Oklahoma Public Employees Retirement Sys tem. The surviving spouse
2225	3226		of more than one member sh all elect which member’s benefits he or
2226	3227		she will receive.
	3228	+	RBS No. 1061
	3229	+
	3230	+	Req. No. 1061 Page 44 1
	3231	+	2
	3232	+	3
	3233	+	4
	3234	+	5
	3235	+	6
	3236	+	7
	3237	+	8
	3238	+	9
	3239	+	10
	3240	+	11
	3241	+	12
	3242	+	13
	3243	+	14
	3244	+	15
	3245	+	16
	3246	+	17
	3247	+	18
	3248	+	19
	3249	+	20
	3250	+	21
	3251	+	22
	3252	+	23
	3253	+	24
	3254	+	1
	3255	+	2
	3256	+	3
	3257	+	4
	3258	+	5
	3259	+	6
	3260	+	7
	3261	+	8
	3262	+	9
	3263	+	10
	3264	+	11
	3265	+	12
	3266	+	13
	3267	+	14
	3268	+	15
	3269	+	16
	3270	+	17
	3271	+	18
	3272	+	19
	3273	+	20
	3274	+	21
	3275	+	22
	3276	+	23
	3277	+	24
	3278	+
2227	3279		E. In addition to the pension above provided for, if sai d
2228	3280		member leaves one or more children und er the age of eighteen (18)
2229	3281		years or under the a ge of twenty-two (22) years if the child is
2230	3282		enrolled full-time in and is regularly attending a public or private
2231	3283		school or any institution of higher education, Four Hun dred Dollars
2232	3284		($400.00) a month shall be paid to the surviving spouse or to the
2233	3285		person having the care and custody of such children if there i s no
2234	3286		surviving spouse or if the surviving spouse dies and until each
2235	3287		child reaches the age of eighteen (18) years o r reaches the age of
2236	3288		twenty-two (22) years if the child is enrolled full -time in and is
2237	3289		regularly attending a public or private school or any institution of
2238	3290		higher education.
2239	3291		F. The pension benefit provided in this s ection shall be made
2240	3292		prospectively only from the effective date of this act July 1, 2000.
2241	3293		The benefits shall be payable beginn ing the later of the first day
2242	3294		of the month following the date that such employee was killed or
2243	3295		dies from a mortal wound, as provided in this section, or the
2244		-	effective date of this act July 1, 2000. RBS No. 1061
2245		-
2246		-	SENATE FLOOR VERSION - SB692 SFLR Page 45
2247		-	(Bold face denotes Committee Amendments) 1
2248		-	2
2249		-	3
2250		-	4
2251		-	5
2252		-	6
2253		-	7
2254		-	8
2255		-	9
2256		-	10
2257		-	11
2258		-	12
2259		-	13
2260		-	14
2261		-	15
2262		-	16
2263		-	17
2264		-	18
2265		-	19
2266		-	20
2267		-	21
2268		-	22
2269		-	23
2270		-	24
2271		-
	3296	+	effective date of th is act July 1, 2000.
2272	3297		G. The Board of Trustees of the Oklahoma Public Employees
2273	3298		Retirement System shall promulgate such rules as ar e necessary to
2274	3299		implement the provisions of this section.
2275	3300		SECTION 4. AMENDATORY 74 O.S. 2021, Sectio n 919.1, is
2276	3301		amended to read as follows:
	3302	+	RBS No. 1061
	3303	+
	3304	+	Req. No. 1061 Page 45 1
	3305	+	2
	3306	+	3
	3307	+	4
	3308	+	5
	3309	+	6
	3310	+	7
	3311	+	8
	3312	+	9
	3313	+	10
	3314	+	11
	3315	+	12
	3316	+	13
	3317	+	14
	3318	+	15
	3319	+	16
	3320	+	17
	3321	+	18
	3322	+	19
	3323	+	20
	3324	+	21
	3325	+	22
	3326	+	23
	3327	+	24
	3328	+	1
	3329	+	2
	3330	+	3
	3331	+	4
	3332	+	5
	3333	+	6
	3334	+	7
	3335	+	8
	3336	+	9
	3337	+	10
	3338	+	11
	3339	+	12
	3340	+	13
	3341	+	14
	3342	+	15
	3343	+	16
	3344	+	17
	3345	+	18
	3346	+	19
	3347	+	20
	3348	+	21
	3349	+	22
	3350	+	23
	3351	+	24
	3352	+
2277	3353		Section 919.1. (1) Employee contributions to the Oklahoma
2278	3354		Public Employees Retirement System shall be:
2279	3355		(a) for employees except a s otherwise provided in
2280	3356		paragraphs (b), (c), (d), (e), (f) , and (g), and (h)
2281	3357		of this subsection: beginning Ju ly 1, 2006, and
2282	3358		thereafter, three and one-half percent (3.5%) of
2283	3359		allowable annual compensation;,
2284	3360		(b) for correctional officers and probation a nd parole
2285	3361		officers employed by the Department of Corrections:
2286	3362		beginning July 1, 199 8, and thereafter, and for
2287	3363		correctional officers or probation and parole officers
2288	3364		who are in such position on June 30, 2004, or who are
2289	3365		hired after June 30, 2004, and who r eceive a promotion
2290	3366		or change in job classification after June 30, 2004,
2291	3367		to another position in the Department of C orrections,
2292	3368		so long as such officers have at least five (5) years
2293	3369		of service as a correctional office r or probation and
2294		-	parole officer, eight percent (8%) of allowable RBS No. 1061
2295		-
2296		-	SENATE FLOOR VERSION - SB692 SFLR Page 46
2297		-	(Bold face denotes Committee Amendments) 1
2298		-	2
2299		-	3
2300		-	4
2301		-	5
2302		-	6
2303		-	7
2304		-	8
2305		-	9
2306		-	10
2307		-	11
2308		-	12
2309		-	13
2310		-	14
2311		-	15
2312		-	16
2313		-	17
2314		-	18
2315		-	19
2316		-	20
2317		-	21
2318		-	22
2319		-	23
2320		-	24
2321		-
	3370	+	parole officer, eight percent (8%) of allowable
2322	3371		compensation as provided in paragraph (9) of Section
2323	3372		902 of this title;,
2324	3373		(c) for fugitive apprehension agents who are employe d with
2325	3374		the Department of Corrections on or after July 1,
2326	3375		2002, and for fugitive apprehension agents who ar e in
2327	3376		such position on June 30, 2004, or who are hired after
	3377	+	RBS No. 1061
	3378	+
	3379	+	Req. No. 1061 Page 46 1
	3380	+	2
	3381	+	3
	3382	+	4
	3383	+	5
	3384	+	6
	3385	+	7
	3386	+	8
	3387	+	9
	3388	+	10
	3389	+	11
	3390	+	12
	3391	+	13
	3392	+	14
	3393	+	15
	3394	+	16
	3395	+	17
	3396	+	18
	3397	+	19
	3398	+	20
	3399	+	21
	3400	+	22
	3401	+	23
	3402	+	24
	3403	+	1
	3404	+	2
	3405	+	3
	3406	+	4
	3407	+	5
	3408	+	6
	3409	+	7
	3410	+	8
	3411	+	9
	3412	+	10
	3413	+	11
	3414	+	12
	3415	+	13
	3416	+	14
	3417	+	15
	3418	+	16
	3419	+	17
	3420	+	18
	3421	+	19
	3422	+	20
	3423	+	21
	3424	+	22
	3425	+	23
	3426	+	24
	3427	+
2328	3428		June 30, 2004, and who receive a promotion or change
2329	3429		in job classification after June 30, 2004, to another
2330	3430		position in the Department of Corrections, so l ong as
2331	3431		such agents have at least five (5) years of service as
2332	3432		a fugitive apprehension agent, eight percent (8%) of
2333	3433		allowable compensation as provided in pa ragraph (9) of
2334	3434		Section 902 of this ti tle;,
2335	3435		(d) for firefighters of the Oklahoma Military Department
2336	3436		of the State of Oklahoma first employed beginning July
2337	3437		1, 2002, and thereafter, and such firefighters who
2338	3438		performed service pr ior to July 1, 2002, for the
2339	3439		Oklahoma Military Department of the State of Oklahoma
2340	3440		and who make the election authorize d by division (1)
2341	3441		of subparagraph b of paragraph (9) of subsection A of
2342	3442		Section 915 of this title who perf orm service on or
2343	3443		after July 1, 2002, in such capacity, eight percent
2344		-	(8%) of allowable co mpensation as provid ed in RBS No. 1061
2345		-
2346		-	SENATE FLOOR VERSION - SB692 SFLR Page 47
2347		-	(Bold face denotes Committee Amendments) 1
2348		-	2
2349		-	3
2350		-	4
2351		-	5
2352		-	6
2353		-	7
2354		-	8
2355		-	9
2356		-	10
2357		-	11
2358		-	12
2359		-	13
2360		-	14
2361		-	15
2362		-	16
2363		-	17
2364		-	18
2365		-	19
2366		-	20
2367		-	21
2368		-	22
2369		-	23
2370		-	24
2371		-
	3444	+	(8%) of allowable co mpensation as provid ed in
2372	3445		subsection paragraph (9) of Section 902 of this
2373	3446		title;,
2374	3447		(e) for all public safety officers of the Grand River Dam
2375	3448		Authority as defined by par agraph (37) of Section 902
2376	3449		of this title, eight percent (8%) of allowable
2377	3450		compensation as provided i n paragraph (9) of Section
2378	3451		902 of this title;,
	3452	+	RBS No. 1061
	3453	+
	3454	+	Req. No. 1061 Page 47 1
	3455	+	2
	3456	+	3
	3457	+	4
	3458	+	5
	3459	+	6
	3460	+	7
	3461	+	8
	3462	+	9
	3463	+	10
	3464	+	11
	3465	+	12
	3466	+	13
	3467	+	14
	3468	+	15
	3469	+	16
	3470	+	17
	3471	+	18
	3472	+	19
	3473	+	20
	3474	+	21
	3475	+	22
	3476	+	23
	3477	+	24
	3478	+	1
	3479	+	2
	3480	+	3
	3481	+	4
	3482	+	5
	3483	+	6
	3484	+	7
	3485	+	8
	3486	+	9
	3487	+	10
	3488	+	11
	3489	+	12
	3490	+	13
	3491	+	14
	3492	+	15
	3493	+	16
	3494	+	17
	3495	+	18
	3496	+	19
	3497	+	20
	3498	+	21
	3499	+	22
	3500	+	23
	3501	+	24
	3502	+
2379	3503		(f) for deputy sheriffs and county jailers employed by any
2380	3504		county that is a participating employer in the Syst em
2381	3505		for the first time as a dep uty sheriff or jailer on or
2382	3506		after November 1, 2020, eight percent (8%) of
2383	3507		allowable compensation as provided in paragrap h (9) of
2384	3508		Section 902 of this title; and,
2385	3509		(g) for licensed emergency medical personnel employed by
2386	3510		any participating employer as a licensed emergency
2387	3511		medical personnel for the first time on or after the
2388	3512		effective date of this act, eight percent (8%) of
2389	3513		allowable compensation as provided in paragraph ( 9) of
2390	3514		Section 902 of this title, and
2391	3515		(h) for all employees except those who mak e contributions
2392	3516		pursuant to paragraphs (b), (c), (d), (e) , and (f),
2393	3517		and (g) of this subsection who m ake an irrevocable
2394	3518		written election pursuant to paragraph (2) of
2395		-	subsection A of Sect ion 915 of this title: six and RBS No. 1061
2396		-
2397		-	SENATE FLOOR VERSION - SB692 SFLR Page 48
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	3519	+	subsection A of Section 915 of this title: six and
2423	3520		forty-one one-hundredths percent ( 6.41%) of allowable
2424	3521		annual compensation.
2425	3522		The contributions required by paragra phs (b), (c), (e), and (f),
2426	3523		(g), and (h) of this subsection shall be made b y a member for not
2427	3524		more than twenty (20) years and thereafter shall be as provided in
2428	3525		paragraph (a) of this subsection.
	3526	+	RBS No. 1061
	3527	+
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2429	3577		(2) Contributions shall be deducted by each state agency by the
2430	3578		participating employer for such benefits as the Board is authorized
2431	3579		to administer as provided for by law. Employee and employer
2432	3580		contributions shall be remitted monthly, or a s the Board may
2433	3581		otherwise provide, to the Executive Director for deposit in th e
2434	3582		Oklahoma Public Employees Retirement Fund.
2435	3583		(3) Each participating employ er shall pick up under the
2436	3584		provisions of Section 414(h)(2) of the Interna l Revenue Code of 1986
2437	3585		and pay the contribution which the me mber is required by law to make
2438	3586		to the System for all compensation earned a fter December 31, 1988.
2439	3587		Although the contributi ons so picked up are designated as member
2440	3588		contributions, such contributio ns shall be treated as contrib utions
2441	3589		being paid by the parti cipating employer in lieu of contributions by
2442	3590		the member in determining tax treatment under the Internal Revenue
2443	3591		Code of 1986 and such picked up contributions shall not be
2444	3592		includable in the gross income of the member until suc h amounts are
2445	3593		distributed or made available to the member or the beneficiary o f
2446		-	the member. The member, by the terms of this System, shall not have RBS No. 1061
2447		-
2448		-	SENATE FLOOR VERSION - SB692 SFLR Page 49
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	3594	+	the member. The member, by the terms of this System, shall not have
2474	3595		any option to choose to receive the contributions so picked up
2475	3596		directly and the picked up contributions mus t be paid by the
2476	3597		participating employer to the System.
2477	3598		Member contributions wh ich are picked up shall be treated in the
2478	3599		same manner and to the same exten t as member contributions made
2479	3600		prior to the date on which member contribu tions were picked up by
	3601	+	RBS No. 1061
	3602	+
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	3651	+
2480	3652		the participating employer. Member contributions so picked up shall
2481	3653		be included in gross salary for purposes o f determining benefits and
2482	3654		contributions under t he System.
2483	3655		The participating employer shall pay the member contributions
2484	3656		from the same source of funds used in paying salary to the m ember,
2485	3657		by effecting an equal cash reduction in g ross salary of the member.
2486	3658		(4) By September 1, 1989, the System shall refu nd the
2487	3659		accumulated employee contributions of any member who elects to
2488	3660		retain the member’s membership in the Teachers’ Retirement System of
2489	3661		Oklahoma, in accordance with Section 17 -104 of Title 70 of the
2490	3662		Oklahoma Statutes, to such member. Upon the refund of the
2491	3663		accumulated employee contributions referred to in this subsection,
2492	3664		all benefits and rights accrued to such member are terminated .
2493	3665		SECTION 5. AMENDATORY 74 O.S. 2021, Section 9 20A, is
2494	3666		amended to read as follows:
2495	3667		Section 920A. A. Any county, county hospital, city or town,
2496	3668		conservation district, ci rcuit engineering district or any public or
2497		-	private trust in which a county, city or town participates an d is RBS No. 1061
2498		-
2499		-	SENATE FLOOR VERSION - SB692 SFLR Page 50
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2524		-
	3669	+	private trust in which a county, city or town participates an d is
2525	3670		the primary beneficiary, which is a participating employer and any
2526	3671		eligible employee shall contribute to the Oklahoma Public Employees
2527	3672		Retirement System. The total employer an d employee contributions
2528	3673		shall be based on the allowable annual compensation a s defined in
2529	3674		paragraph (9) of Section 902 of this title. Except as provided f or
	3675	+	RBS No. 1061
	3676	+
	3677	+	Req. No. 1061 Page 50 1
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	3725	+
2530	3726		in this section, the employer shal l not pay for the employee any of
2531	3727		the employee contribution to the System.
2532	3728		B. For the fiscal year ending June 30, 2005, the total employer
2533	3729		and employee contributions s hall equal thirteen and one-half percent
2534	3730		(13 1/2%) of the allowable monthly compensation of each member;
2535	3731		provided, however, each participating employer listed in this
2536	3732		section may set the amount of the employer and employee contri bution
2537	3733		to equal thirteen an d one-half percent (13 1/2%) of the allowable
2538	3734		monthly compensation of each member for co mpensation as provided in
2539	3735		paragraph (9) of Section 902 of this title; provided, the employer
2540	3736		contribution shall not exceed ten percent (10%) and the employee
2541	3737		contribution shall not exceed eight and one-half percent (8 1/2%).
2542	3738		C. The total employer and empl oyee contributions for fiscal
2543	3739		years following the fiscal year e nding June 30, 2005, shall be as
2544	3740		follows:
2545	3741		July 1, 2005 – June 30, 2006 15%
2546	3742		July 1, 2006 – June 30, 2007 16%
2547	3743		July 1, 2007 – June 30, 2008 17%
2548		-	July 1, 2008 – June 30, 2009 18% RBS No. 1061
2549		-
2550		-	SENATE FLOOR VERSION - SB692 SFLR Page 51
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2574		-	24
2575		-
	3744	+	July 1, 2008 – June 30, 2009 18%
2576	3745		July 1, 2009 – June 30, 2010 19%
2577	3746		July 1, 2010 – June 30, 2011 and
2578	3747		each fiscal year thereafter 20%
2579	3748		Such employee and employer contributions shall be based upon t he
2580	3749		allowable monthly compen sation of each member for compensation as
	3750	+	RBS No. 1061
	3751	+
	3752	+	Req. No. 1061 Page 51 1
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	3800	+
2581	3801		provided in paragraph (9) of Section 902 of th is title. The maximum
2582	3802		employer contribution of ten percent (10 %) in subsection B of this
2583	3803		section shall increase by one and one -half percent (1.5%) beginning
2584	3804		in the fiscal year ending June 30, 2006, and one percent (1%) for
2585	3805		each fiscal year thereafter unti l it reaches sixteen and one -half
2586	3806		percent (16.5%). For such ye ars, the employee contribution shall
2587	3807		not exceed eight and one -half percent (8 1/2%). Notwithstanding any
2588	3808		other provisions of this section to the contrary, for those members
2589	3809		described in division (v), or (vi) of subparagraph (d) of paragraph
2590	3810		(24) of Section 902 of this title, th e county participating employer
2591	3811		shall contribute sixteen and one-half percent (16 1/2%) and the
2592	3812		employee shall contribute eight percent (8%) for a total of twenty -
2593	3813		four and one-half percent (24 1/2%).
2594	3814		D. For members who make t he election pursuant to paragr aph (2)
2595	3815		of subsection A of Section 915 of this t itle, the employee
2596	3816		contribution shall increase by two and ninety-one one-hundredths
2597	3817		percent (2.91%). Such employee contribution increase shall be paid
2598		-	by the employee. RBS No. 1061
2599		-
2600		-	SENATE FLOOR VERSION - SB692 SFLR Page 52
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2625		-
	3818	+	by the employee.
2626	3819		E. Each participating employer pursuan t to the provisions of
2627	3820		this section may pick up under the provisions of Section 41 4(h)(2)
2628	3821		of the Internal Revenue Code of 1986 and pay the contribution which
2629	3822		the member is required by law to make to the System for all
2630	3823		compensation earned after December 31, 1989. Although the
2631	3824		contributions so picked up are designated as member contribut ions,
	3825	+	RBS No. 1061
	3826	+
	3827	+	Req. No. 1061 Page 52 1
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	3875	+
2632	3876		such contributions shall be treat ed as contributions being paid by
2633	3877		the participating employer in lieu of contributions by the member in
2634	3878		determining tax treatment under the Internal Revenue Code of 1986
2635	3879		and such picked up contributions shall not be in cludable in the
2636	3880		gross income of the mem ber until such amounts are distributed or
2637	3881		made available to the member or the beneficiary of the member. The
2638	3882		member, by the terms of t his System, shall not have any option to
2639	3883		choose to receive the contributions so pi cked up directly and the
2640	3884		picked up contributions must be paid by the participatin g employer
2641	3885		to the System.
2642	3886		F. Member contributions which are pi cked up shall be treated in
2643	3887		the same manner and to the same extent as member c ontributions made
2644	3888		prior to the date on which member contributions were pi cked up by
2645	3889		the participating employer. Me mber contributions so picked up shall
2646	3890		be included in gross sala ry for purposes of determining benefits and
2647	3891		contributions under the System.
2648	3892		G. The participating employer shall pay the member
2649		-	contributions from the same source of funds used in paying salary to RBS No. 1061
2650		-
2651		-	SENATE FLOOR VERSION - SB692 SFLR Page 53
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2676		-
	3893	+	contributions from the same source of funds used in paying salary to
2677	3894		the member, by effecting an equal cash reduction in gross s alary of
2678	3895		the member.
2679		-	~~COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS~~
2680		-	~~February 28,~~ ~~2024 - DO PASS AS AMENDED~~
	3896	+
	3897	+	59-1-1061 RD 1/18/2023 12:54:11 PM