RBS No. 1225 Req. No. 1225 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 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 STATE OF OKLAHOMA 1st Session of the 60th Legislature (2025) SENATE BILL 1029 By: Sacchieri AS INTRODUCED An Act relating to the Oklahoma Public Employees Retirement System; amending 74 O.S. 2021, Section 911, which relates to employee members; allowing certain employees to opt out of certain System participation; and updating statutory language . BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 74 O.S. 2021, Section 911, is amended to read as follows: Section 911. (1) A. Any employee of a participatin g employer on the entry date of such employer shall be a member of the System on the entry date. (2) B. Any employee other than a state elected official who is employed by a participating employer after the entry date of such employer shall be a member of the System on the first day of the month immediately following employment. Provided, any employee of a participating employer shall have the option to opt out of participating in the System’s defined contribution with no penalty. RBS No. 1225 Req. No. 1225 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 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 (3) C. Any employee who is in military service or on leave of absence on the entry date of his employer shall become a member of the System upon his return to active employment. 60-1-1225 RD 1/16/2025 2:29:23 PM