RBH No. 13077 ENGR. H. B. NO. 1729 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 ENGROSSED HOUSE BILL NO. 1729 By: Moore of the House and Weaver of the Senate An Act relating to the Oklahoma Public Employees Retirement System; authorizing postretirement employment for certain retirees; providing limitations; providing for codification; and providing an effective date. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 914.1 of Title 74, unless there is created a duplication in numbering, reads as follows: A retired district attorney or assistant district attorney may enter into postretirement employment with a district attorney 's office or the Oklahoma Indigent Defense System and receive monthly retirement benefits subject to the following limitatio ns: 1. A retired district attorney or assistant district attorney is not eligible to be employed within a district attorney 's office or the Oklahoma Indigent Defense System , in any capacity, for sixty (60) calendar days between the retiree 's last day of preretirement employment and any postretirement employment. For purposes of this RBH No. 13077 ENGR. H. B. NO. 1729 Page 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 section, the term "last day of preretirement employment " shall mean the last day the employee is required to be physically prese nt on the job to complete the terms of the empl oyment contract or agreement. An employee on paid leave is still considered to be employed for purposes of this section. Employment under any conditions during this time, volunteer services for the purpose o f obtaining a paid position at a later date, or payment at a later time for services performed during this time period shall cause the forfeiture of all retirement benefits received during the period; and 2. Unless otherwise provided in this section, earn ings from employment undertaken pursuant to thi s section may not exceed one - half (1/2) of the member 's final average salary used in computing retirement benefits, or the earnings limitation for employees allowed by the Social Security Administration, which ever is less. For retired members under the age of sixty -two (62) years, the limit on allowed earnings from a district attorney 's office or the Oklahoma Indigent Defense System for employment for the performance of duties ordinarily performed by classifie d or nonclassified personnel shall be the lesse r of Twenty-five Thousand Dollars ($25,000.00) or one-half (1/2) of the member 's final average salary used in computing retirement benefits unless the earnings limitation allowed by the Social Security Adminis tration would be greater than Twenty-five Thousand Dollars ($25,000.00). For retired members RBH No. 13077 ENGR. H. B. NO. 1729 Page 3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 sixty-two (62) years of age or older, the limit on allowed earnings from district attorneys ' offices or the Oklahoma Indigent Defense System for the performance o f duties ordinarily performed by classified or nonclassified personnel shall be the lesser of Thirty Thousand Dollars ($30,000.00) or one -half (1/2) of the member 's final average salary used in computing retirement benefits. For purposes of this paragraph , the following shall apply: a. the earnings limitation for employees allowed by the Social Security Administration to workers between the age of sixty-two (62) years and sixty -five (65) years shall apply to retired members below the age of sixty - two (62) years, b. the limit on allowed earnings from di strict attorneys' offices or the Oklahoma Indigent Defense System shall be automatically adjusted effective the first day of January of each year to reflect the current earnings limitation for employees as det ermined from time to time by the Social Security Administration, c. the earnings limit for the calendar year in which a member retires shall be one -twelfth (1/12) of the annual limit multiplied by the number of months the member is eligible to work and rec eive payments from district attorneys' offices or the Oklahoma Indigent Defense System, RBH No. 13077 ENGR. H. B. NO. 1729 Page 4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 d. earnings in excess of the maximum limit on allowed earnings from district attorneys ' offices or the Oklahoma Indigent Defense System shall result in a loss of future retirement benefits for the year the postretirement employment was performed of One Dollar ($1.00) for each One Dollar ($1.00) earned over the maximum allowed earnings amount, and e. for those members age seventy (70) years and over, the earnings in excess of the maximum limit allowed earnings from district attorneys' offices or the Oklahoma Indigent Defense System shall be one-half (1/2) the member's final average salary used in computing retirement benefits. SECTION 2. This act shall bec ome effective November 1, 2025. Passed the House of Representatives the 27th day of March, 2025. Presiding Officer of the House of Representatives Passed the Senate the _____ day of __________, 2025. Presiding Officer of the Senate