Oklahoma 2025 Regular Session

Oklahoma House Bill HB2136 Latest Draft

Bill / Engrossed Version Filed 03/11/2025

                             
 
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ENGROSSED HOUSE 
BILL NO. 2136 	By: Burns of the House 
 
  and 
 
  Gollihare of the Senate 
 
 
 
 
An Act relating to militia; creating the Oklahoma 
National Guard Supplemental Retirement Pay Revolving 
Fund; providing for funding applicability and 
eligibility requirements; determining qualifying 
payment amounts; 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 271 of Title 44, unless there is 
created a duplication in numbering, reads as follows: 
There is hereby created in the State Treasury a revolving fund 
for the Oklahoma Military Department to be designated the "Oklahoma 
National Guard Supplemental Retirement Pay Revolving Fund".  The 
fund shall be a continuing fund, not subject to fiscal year 
limitations, and shall consist of all monies received by the 
Oklahoma Military Department from funds provided by law.  All monies 
accruing to the credit of said fund are hereby appropriated and may 
be budgeted and expended by the Oklahoma Military Department for the 
purpose of implementing the provisions of Section 2 of this act.  
Expenditures from said fund shall be made upon warrants issued by   
 
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the State Treasurer against claims filed as prescribed by law with 
the Director of the Office of Management and Enterprise Services for 
approval and payment. 
SECTION 2.     NEW LAW     A new section of law to be codified 
in the Oklahoma Statutes as Section 272 of Title 44, unless there is 
created a duplication in numbering, reads as follows: 
A.  The provisions of this section shall not be operative and no 
payments shall be made from the Oklahoma National Guard Supplemental 
Retirement Pay Revolving Fund until November 1, 2027. 
B.  The provisions of this section shall only be applicable to a 
member of the Oklahoma National Guard who has accrued enough service 
credit prior to the effective date of this act in order to retire 
from the system maintained by the Defense Finance and Accounting 
Service, or its successor in interest, for the benefit of members of 
state National Guards, but who has not attained the required age 
prior to the effective date of this act in order to be paid the full 
amount of such benefit.  No member of the Oklahoma National Guard 
shall be eligible to receive a payment pursuant to the provisions of 
this section unless the member has completed twenty -five (25) years 
of military service and retires as a member of the Oklahom a National 
Guard. 
C.  The provisions of this section shall not be applicable to 
any person who retires with an active duty military pension. 
D.  The amount of the payment shall be determined as follows:   
 
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1.  Determine the amount of retirement the member wou ld receive 
if the member had reached the age to accrue federal retirement 
benefits; 
2.  If the members of the a ctive duty military retirement system 
were eligible for a cost -of-living adjustment for the year for which 
the computation of the payment amount authorized by this section is 
to be made, the cost -of-living adjustment amount in an annualized 
form shall be added to the result of the computation in paragraph 1 
of this subsection each year; and 
3.  The resulting amount shall be paid to the Oklahoma Nat ional 
Guard member in twelve equal monthly amounts with allowance as 
required for rounding. 
E.  Any benefit payable to an eligible member of the Oklahoma 
National Guard shall only be payable during the member's lifetime, 
and no benefit authorized pursuant to the provisions of this section 
shall be payable to a beneficiary other than amounts paid to a 
member prior to the member's death which are payable to another 
person pursuant to the provisions of a joint tenancy bank account 
with a right of survivorship naming a person or persons as 
beneficiary, a bank account with a transfer on death or payable on 
death feature, an express trust, including, but not limited to, a 
trust created by the payee member during his or her lifetime, a will 
or the statute of intest ate succession for distribution of the   
 
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assets of a person who does not otherwise provide for the 
disposition of his or her assets after death. 
F.  The payment otherwise authorized pursuant to the provisions 
of this act may only be made to a person who has become eligible to 
receive retirement benefits from the retirement system under the 
supervision of the Defense Finance and Accounting Service, or its 
successor in interest, as of the date the first payment pursuant to 
this act is authorized. 
G.  The payments authorized by this section shall be paid to the 
eligible member until the member begins to receive federal 
retirement benefits from the Defense Finance and Accounting Service, 
or its successor in interest, but shall not be paid for any period 
of time after such time period. 
H.  In the event the funds required for full payment to all 
eligible members pursuant to the provisions of this section are not 
sufficient, the payments to the eligible members shall be prorated 
by dividing the total number of eligibl e members by the total amount 
of available funds.  The resulting quotient shall be multiplied by 
the payment amount otherwise due to the eligible member and the 
result of that computation shall be the reduced dollar amount paid 
to each member for the appli cable period.  For any period of time 
during which payments are prorated pursuant to this subsection, the 
next increment of available funds shall be used to make payments to   
 
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the eligible members whose payment amounts were prorated to 
compensate for the red uction made in the prior payment period. 
SECTION 3.  This act shall become effective November 1, 2025. 
Passed the House of Representatives the 10th day of March, 2025. 
 
 
 
  
 	Presiding Officer of the House 
 	of Representatives 
 
 
Passed the Senate the _____ day of __________, 2025. 
 
 
 
  
 	Presiding Officer of the Senate