Oklahoma SB172: Retirement; allowing oversight boards of state retirement systems to approve cost-of-living adjustments under certain circumstances.

What the bill says

From the engrossed text, February 17, 2026:

RBS No. 1631 SENATE FLOOR VERSION February 10, 2026 COMMITTEE SUBSTITUTE FOR SENATE BILL NO. 172 By: Bullard and Mann of the Senate and Wolfley, Deck, Moore, Ranson, and Hays of the House [ retirement - cost-of-living adjustment ] BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 11 O.S. 2021, Section 49-100.9, is amended to read as follows: Section 49-100.9. A. The Oklahoma Firefighters Pension and Retirement Board shall discharge their duties with respect to the Oklahoma Firefighters Pension and Retirement System solely in the interest of the participants and beneficiaries and: 1. For the exclusive purpose of: a. providing benefits to participants and their beneficiaries, and b. defraying reasonable expenses of administering the System; SENATE FLOOR VERSION - SB172 SFLR Page (Bold face denotes Committee Amendments) RBS No. 1631 2. With the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; 3. By diversifying the investments of the System so as to minimize the risk of large losses, unless under the circumstances it is clearly prudent not to do so; and 4. In accordance with the laws, documents and instruments governing the …

Read the full official text

Sponsors

• Trish Ranson (D, HD-034)
• Anthony Moore (R, HD-057)
• Neil Hays (R, HD-013)
• Jared Deck (D, HD-044)
• Mark Mann (D, SD-046)
• David Bullard (R, SD-006) · primary sponsor

Latest actions

1. February 17, 2026: Coauthored by Representative Hays
2. February 16, 2026: Placed on General Order
3. February 16, 2026: Withdrawn from Appropriations committee
4. February 10, 2026: Referred to Appropriations
5. February 10, 2026: Title stricken
6. February 10, 2026: Reported Do Pass, amended by committee substitute Retirement and Government Resources committee; CR filed
7. February 10, 2026: Coauthored by Senator Mann
8. February 4, 2026: Coauthored by Representative Ranson
9. February 3, 2026: Coauthored by Representative Moore
10. March 4, 2025: Coauthored by Representative Deck

Votes

• Senate Retirement & Government Resources Committee (February 10, 2026): 6 yea, 1 nay, passed
• Senate Retirement & Government Resources Committee (February 25, 2025): 8 yea, 0 nay, passed

Common questions

What is SB172?

SB172 is a bill in the Oklahoma Legislature (2026 Regular Session): Retirement; allowing oversight boards of state retirement systems to approve cost-of-living adjustments under certain circumstances.

What is the status of SB172?

Failed as of February 17, 2026. Latest action: Coauthored by Representative Hays (February 17, 2026).

Who sponsored SB172?

David Bullard (R, SD-006), with 5 co-sponsors.

Where is the official record for SB172?

On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=SB172&Session=2600