Oklahoma legislation · 2026 Regular Session
Oklahoma SB2039: Teachers' Retirement System of Oklahoma; allowing retired members to purchase service credits at certain rate. Effective date. Emergency.
Status: In committee, February 19, 2026
What the bill says
A bill or resolution that impacts the revenue of any state tax in which a SENATE FLOOR VERSION - SB2039 SFLR Page (Bold face denotes Committee Amendments) RBS No. 3031 port ion of the revenue generated from such tax is earmarked for the benefit of a retirement system; 8. "Retirement bill having a fiscal impact" means any retirement bill creating or establishing a retirement system and any other retirement bill other than a nonfiscal retirement bill; and 9. "Retirement system" means the Teachers' Retirement System of Oklahoma, the Oklahoma Public Employees Retirement System, the Uniform Retirem.
From the engrossed text, February 18, 2026:
a bill or resolution that impacts the revenue of any state tax in which a SENATE FLOOR VERSION - SB2039 SFLR Page (Bold face denotes Committee Amendments) RBS No. 3031 port ion of the revenue generated from such tax is earmarked for the benefit of a retirement system; 8. "Retirement bill having a fiscal impact" means any retirement bill creating or establishing a retirement system and any other retirement bill other than a nonfiscal retirement bill; and 9. "Retirement system" means the Teachers' Retirement System of Oklahoma, the Oklahoma Public Employees Retirement System, the Uniform Retirement System for Justices and Judges, the Oklahoma Firefighters Pension and Retirement System, the Oklahoma Police Pension and Retirement System, the Oklahoma Law Enforcement Retirement System, or a retirement system established after January 1, 2006. SECTION 2. AMENDATORY 70 O.S. 2021, Section 17-116.2, is amended to read as follows: Section 17-116.2. A. 1. Beginning July 1, 1987, and prior to July 1, 1995, a member who retires on or after the member's normal retirement age or whose retirement is because of disability shall receive an annual allowance for life, payable monthly, in an amount equal to two percent (2%) of the member's highest three-year average salary upon which member contributions were made, multiplied by the number of the member's years of creditable service. A classified …