Oklahoma legislation · 2026 Regular Session
Oklahoma HB4225: Retirement Freedom Act; investment options; participants; independent control; individual accounts; effective date.
Status: In committee, February 16, 2026
What the bill says
An Act relating to the Retirement Freedom Act; amending 74 O.S. 2021, Section 935.9, which relates to investment options; authorizing participants to exercise independent control over the investment of their individual accounts; and providing an effective date.
From the introduced text, January 15, 2026:
An Act relating to the Retirement Freedom Act; amending 74 O.S. 2021, Section 935.9, which relates to investment options; authorizing participants to exercise independent control over the investment of their individual accounts; and providing an effective date. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 74 O.S. 2021, Section 935.9, is amended to read as follows: Section 935.9. A. The Board of Trustees shall contract with one or more business entities in order to create a range of choices regarding investment of funds deposited into defined contribution system accounts. The investment options shall be substantially similar to the options provided to members of the Oklahoma Public Employees Retirement System that maintain a Deferred Savings Incentive Plan account as offered by the System pursuant to the provisions of the Deferred Savings Incentive Plan. In selecting Req. No. 13939 Page inve stment options for participants in the plan, the Board shall give due consideration to offering investment options provided by business entities that provide guaranteed lifetime income in retirement such as annuities, guaranteed investment contracts, or similar products. The Board may amend any of its existing contracts with its current service providers to perform substantially the same type of service the provider is currently performing for the Board, in order to facilitate the timely introduction of …
Sponsors
- Chris Kannady (R, HD-091) · primary sponsor
Latest actions
- : Referred to Rules
- : Withdrawn from Government Oversight Committee
- : Withdrawn from Banking, Financial Services and Pensions Committee
- : Referred to Banking, Financial Services and Pensions
- : Second Reading referred to Government Oversight
- : Authored by Representative Kannady
- : First Reading
Common questions
- What is HB4225?
- HB4225 is a bill in the Oklahoma Legislature (2026 Regular Session): Retirement Freedom Act; investment options; participants; independent control; individual accounts; effective date.
- What does HB4225 do?
- In its own words: An Act relating to the Retirement Freedom Act; amending 74 O.S. 2021, Section 935.9, which relates to investment options; authorizing participants to exercise independent control over the investment of their individual accounts; and providing an effective date.
- What is the status of HB4225?
- In committee as of February 16, 2026. Latest action: Referred to Rules (February 16, 2026).
- Who sponsored HB4225?
- Chris Kannady (R, HD-091).
- Where is the official record for HB4225?
- On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=HB4225&Session=2600
Source: official Oklahoma record. Tracked by Delilah, AI for legislation across all 50 states and Congress.