Oklahoma 2025 2025 Regular Session

Oklahoma Senate Bill SB1029 Introduced / Bill

Filed 01/16/2025

                     
RBS No. 1225 
 
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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 
 
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(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