Oklahoma HB4231: Retirement; Oklahoma Pension Legislation Actuarial Analysis Act; definition; Oklahoma Firefighters Pension and Retirement System; computation factor; accrued retirement benefit; disability retirement benefit; monthly retirement annuity; municipal contribution; effective dates; contingent effective dates; emergency.

What the bill says

An Act relating to retirement; amending 62 O.S. 2021, Section 3103, as last amended by Section 2, Chapter 361, O.S.L. 2024 (62 O.S. Supp. 2025, Section 3103), which relates to the Oklahoma Pension Legislation Actuarial Analysis Act; modifying definition; amending 11 O.S. 2021, Sections 49-100.1, as last amended by Section 1, Chapter 142, O.S.L. 2025 (11 O.S. Supp. 2025, Section 49-100.1), 49-109, as amended by Section 4, Chapter 151, O.S.L. 2023 (11 O.S. Supp. 2025, Section 49-109), 49-117.1, as last amended by Section 3, Chapter 142, O.S.L. 2025 (11 O.S. Supp…

From the introduced text, January 15, 2026:

An Act relating to retirement; amending 62 O.S. 2021, Section 3103, as last amended by Section 2, Chapter 361, O.S.L. 2024 (62 O.S. Supp. 2025, Section 3103), which relates to the Oklahoma Pension Legislation Actuarial Analysis Act; modifying definition; amending 11 O.S. 2021, Sections 49-100.1, as last amended by Section 1, Chapter 142, O.S.L. 2025 (11 O.S. Supp. 2025, Section 49-100.1), 49-109, as amended by Section 4, Chapter 151, O.S.L. 2023 (11 O.S. Supp. 2025, Section 49-109), 49-117.1, as last amended by Section 3, Chapter 142, O.S.L. 2025 (11 O.S. Supp. 2025, Section 49-117.1), and 49-122, which relate to the Oklahoma Firefighters Pension and Retirement System; increasing computation factor used to calculate accrued retirement benefit; increasing computation factor used to calculate disability retirement benefit; modifying computation for monthly retirement annuity; increasing the municipal contribution; providing effective dates; providing for contingent effective dates based on outcome of approval of the emergency clause; and declaring an emergency. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 62 O.S. 2021, Section 3103, as last amended by Section 2, Chapter 361, O.S.L. 2024 (62 O.S. Supp. 2025, Section 3103), is amended to read as follows: Req. No. 15342 Page RBH No. 15342 Section 3103. As used in the Oklahoma Pension Legislation Actuarial Analysis Act: 1. "Amendment" means any amendment, …