SB 182 — Oklahoma Public Employees Retirement System; modifying retirement date and compensation amount for certain members.

699(10) to“Credited service” means the samesum officeof shallparticipating notservice, permitprior aservice newand election.elected service;

2(11) Members“Dependent” appointedmeans toa theparent, Oklahomachild, Taxor Commissionspouse afterof 3a themember Marchwho 21,is 2001,dependent shallupon makethe suchmember election,for pursuantat toleast thisone-half subparagraph,(1/2) within ninety (90) days of 5the takingmember’s office;support;

6 (10) “Credited service” means the sum of participating service, 7 prior service and elected service;

(11) “Dependent” means a parent, child, or spouse of a member 9 who is dependent upon the member for at least one-half (1/2) of the member’s support;

Req.(a) If a class or several classes of employees of any above-defined employers are covered by Social Security SENATE FLOOR VERSION - SB182 SFLR Page 5 (Bold face denotes Committee Amendments) RBS No.

No.699 and are not covered by or eligible for and will not become eligible for another retirement plan authorized under the laws of this state, which is in operation on the effective date May 6, 1963, such employer shall be deemed an eligible employer, but only with respect to that class or those classes of employees as defined in this section.

699 Page 5 RBS No.

699 (a) If a class or several classes of employees of any 2 above-defined employers are covered by Social Security 3 and are not covered by or eligible for and will not become eligible for another retirement plan authorized 5 under the laws of this state, which is in operation on 6 the effective date May 6, 1963, such employer shall be 7 deemed an eligible employer, but only with respect to that class or those classes of employees as defined in 9 this section.

and when the services provided by such employees are of such nature that they qualify for matching by or contributions from state or federal funds administered by an agency of state government which qualifies as a participating employer, then the agency of state government administering the state or Req.federal funds shall be deemed an eligible employer, but only with respect to that class or those classes SENATE FLOOR VERSION - SB182 SFLR Page 6 (Bold face denotes Committee Amendments) RBS No.

No.699 of employees as defined in this subsection;

699provided, Pagethat 6the RBSrequired No.contributions to the retirement plan may be withheld from the contributions of state or federal funds administered by the state agency and transmitted to the System on the same basis as the employee and employer contributions are transmitted for the direct employees of the state agency.

699 federal funds shall be deemed an eligible employer, 2 but only with respect to that class or those classes 3 of employees as defined in this subsection;

provided, that the required contributions to the retirement plan 5 may be withheld from the contributions of state or 6 federal funds administered by the state agency and 7 transmitted to the System on the same basis as the employee and employer contributions are transmitted 9 for the direct employees of the state agency.

The George Nigh Req.Rehabilitation Institute shall be considered a participating employer only for such employees.

SENATE FLOOR VERSION - SB182 SFLR Page 7 (Bold face denotes Committee Amendments) RBS No.

699 Page(d) 7All RBSemployees No.of CompSource Mutual Insurance Company who retain membership in the Oklahoma Public Employees Retirement System pursuant to Section 913.9 of this title shall continue to be eligible employees for the purposes of the Oklahoma Public Employees Retirement System.

699CompSource RehabilitationMutual InstituteInsurance Company shall be considered a 2 participating employer only for such employees.

3 (d) All employees of CompSource Mutual Insurance Company who retain membership in the Oklahoma Public Employees 5 Retirement System pursuant to Section 913.9 of this 6 title shall continue to be eligible employees for the 7 purposes of the Oklahoma Public Employees Retirement System.

CompSource Mutual Insurance Company shall be 9 considered a participating employer only for such employees.

(f) A participating employer of the Teachers’ Retirement System of Oklahoma, who has one or more employees who have made an election pursuant to enabling legislation to retain membership in the System as a result of change in administration, shall be considered a Req.participating employer of the Oklahoma Public Employees Retirement System only for such employees;

SENATE FLOOR VERSION - SB182 SFLR Page 8 (Bold face denotes Committee Amendments) RBS No.

699 Page(14) 8“Employee” RBSmeans No.any officer or employee of a participating employer, whose employment is not seasonal or temporary and whose employment requires at least one thousand (1,000) hours of work per year and whose salary or wage is equal to the hourly rate of the monthly minimum wage for state employees.

699For participatingthose employereligible employers outlined in Section 910 of this title, the Oklahomarate Publicshall 2be Employeesequal Retirementto Systemthe onlyhourly rate of the monthly minimum wage for suchthat employees;employer.

3 (14) “Employee” means any officer or employee of a participating employer, whose employment is not seasonal or 5 temporary and whose employment requires at least one thousand 6 (1,000) hours of work per year and whose salary or wage is equal to 7 the hourly rate of the monthly minimum wage for state employees.

For those eligible employers outlined in Section 910 of this title, 9 the rate shall be equal to the hourly rate of the monthly minimum wage for that employer.

Provided further, that if an officer, appointee, or employee of Req.the office of district attorney is currently participating in such county retirement system, he or SENATE FLOOR VERSION - SB182 SFLR Page 9 (Bold face denotes Committee Amendments) RBS No.

No.699 she is ineligible for this System as long as he or she is eligible for such county retirement system.

699Any Pageeligible 9officer, RBSappointee, No.or employee of the office of district attorney shall be given credit for prior service as defined in this section.

699The theprovisions officeoutlined of district attorney is currently 2 participating in suchSection county917 retirementof system, he or 3 she is ineligible for this Systemtitle asshall longapply asto hethose oremployees shewho ishave eligiblepreviously forwithdrawn suchtheir countycontributions. retirement system.

Any 5 eligible officer, appointee, or employee of the office 6 of district attorney shall be given credit for prior 7 service as defined in this section.

The provisions outlined in Section 917 of this title shall apply to 9 those employees who have previously withdrawn their contributions.

Req.(e) Any employee employed by the Legislative Service Bureau, Senate, or House of Representatives for the full duration of a regular legislative session shall SENATE FLOOR VERSION - SB182 SFLR Page 10 (Bold face denotes Committee Amendments) RBS No.

No.699 be eligible for membership in the System regardless of classification as a temporary employee and may participate in the System during the regular legislative session at the option of the employee.

699For Pagepurposes 10of RBSthis No.subparagraph, the determination of whether an employee is employed for the full duration of a regular legislative session shall be made by the Legislative Service Bureau if such employee is employed by the Legislative Service Bureau, the Senate if such employee is employed by the Senate, or by the House of Representatives if such employee is employed by the House of Representatives.

699 (e) Any employee employed by the Legislative Service 2 Bureau, Senate, or House of Representatives for the 3 full duration of a regular legislative session shall be eligible for membership in the System regardless of 5 classification as a temporary employee and may 6 participate in the System during the regular 7 legislative session at the option of the employee.

For purposes of this subparagraph, the determination 9 of whether an employee is employed for the full duration of a regular legislative session shall be made by the Legislative Service Bureau if such employee is employed by the Legislative Service Bureau, the Senate if such employee is employed by the Senate, or by the House of Representatives if such employee is employed by the House of Representatives.

Req.(ii) Notwithstanding the provisions of division (i) of this subparagraph, any employee, who is eligible for membership in the System because of the SENATE FLOOR VERSION - SB182 SFLR Page 11 (Bold face denotes Committee Amendments) RBS No.

No.699 provisions of this subparagraph and who was employed by the Senate or House of Representatives after January 1, 1989, may file an election, in a manner specified by the Board, to participate as a member of the System prior to September 1, 1989.

699 Page 11 RBS No.

699 (ii) Notwithstanding the provisions of division (i) of 2 this subparagraph, any employee, who is eligible 3 for membership in the System because of the provisions of this subparagraph and who was 5 employed by the Senate or House of 6 Representatives after January 1, 1989, may file 7 an election, in a manner specified by the Board, to participate as a member of the System prior to 9 September 1, 1989.

(iv) A member of the System who did not initially elect to participate as a member of the System pursuant to this subparagraph shall be able to Req.acquire service performed as a temporary legislative session employee for periods of SENATE FLOOR VERSION - SB182 SFLR Page 12 (Bold face denotes Committee Amendments) RBS No.

No.699 service performed prior to the date upon which the person became a member of the System if:

699a. Page 12 RBS No.

699the acquiremember servicefiles performedan aselection awith temporarythe 2System legislativenot sessionlater employeethan forDecember periods31, of2000, 3 service performed prior to thepurchase date upon which the personprior becameservice; a member of the System if:

5 a.

the member files an election with the System 6 not later than December 31, 2000, to 7 purchase the prior service;

the member makes payment to the System of 9 the actuarial cost of the service credit pursuant to subsection A of Section 913.5 of this title.

Req.(16) “Executive Director” means the managing officer of the System employed by the Board under Section 901 et seq.

No.of this title;

699SENATE FLOOR VERSION - SB182 SFLR Page 13 (Bold face denotes Committee Amendments) RBS No.

699 (16)(17) “Executive“Federal Director”Internal Revenue Code” means the managingfederal officerInternal Revenue Code of the1954 2or System1986, employedas byamended, theand Boardas underapplicable Sectionto 901a etgovernmental seq.plan as in effect on July 1, 1999;

(18) “Final average compensation” means the average annual compensation, including amounts deferred under deferred compensation agreements entered into between a member and a participating employer, up to, but not exceeding the maximum compensation levels as provided in paragraph (9) of this 3section title;received during the highest three (3) of the last ten (10) years of participating service immediately preceding retirement or termination of employment and with respect to members whose first participating service occurs on or after July 1, 2013, the compensation received during the highest five (5) of the last ten (10) years of participating service immediately preceding retirement or termination of employment.

(17) “Federal Internal Revenue Code” means the federal Internal 5 Revenue Code of 1954 or 1986, as amended, and as applicable to a 6 governmental plan as in effect on July 1, 1999;

7 (18) “Final average compensation” means the average annual compensation, including amounts deferred under deferred compensation 9 agreements entered into between a member and a participating employer, up to, but not exceeding the maximum compensation levels as provided in paragraph (9) of this section received during the highest three (3) of the last ten (10) years of participating service immediately preceding retirement or termination of employment and with respect to members whose first participating service occurs on or after July 1, 2013, the compensation received during the highest five (5) of the last ten (10) years of participating service immediately preceding retirement or termination of employment.

The fiscal year is the plan year for purposes of the federal Internal Revenue Code of 1986, Req.as amended;

No.however, the calendar year is the limitation year for purposes of Section 415 of the federal Internal Revenue Code of 1986, as amended;

699SENATE FLOOR VERSION - SB182 SFLR Page 14 (Bold face denotes Committee Amendments) RBS No.

699 (20) “Fund” means the Oklahoma Public Employees Retirement Fund as amended;created by Section 901 et seq.

however, the calendar year is the limitation year for 2 purposes of Section 415 of the federal Internal Revenue Code of 3 1986, as amended;

(20) “Fund” means the Oklahoma Public Employees Retirement Fund 5 as created by Section 901 et seq.

6 (21) “Leave of absence” means a period of absence from 7 employment without pay, authorized and approved by the employer and acknowledged to the Board, and which after the effective date May 6, 9 1963, does not exceed two (2) years;

(i) April 6, 1917, to November 11, 1918, commonly referred to as World War I, Req.(ii) September 16, 1940, to December 7, 1941, as a member of the 45th Division, SENATE FLOOR VERSION - SB182 SFLR Page 15 (Bold face denotes Committee Amendments) RBS No.

No.699 (iii) December 7, 1941, to December 31, 1946, commonly referred to as World War II, (iv) June 27, 1950, to January 31, 1955, commonly referred to as the Korean Conflict or the Korean War, (v) February 28, 1961, to May 7, 1975, commonly referred to as the Vietnam era, except that:

699 Page 15 RBS No.

699 (ii) September 16, 1940, to December 7, 1941, as a 2 member of the 45th Division, 3 (iii) December 7, 1941, to December 31, 1946, commonly referred to as World War II, 5 (iv) June 27, 1950, to January 31, 1955, commonly 6 referred to as the Korean Conflict or the Korean 7 War, (v) February 28, 1961, to May 7, 1975, commonly 9 referred to as the Vietnam era, except that:

(b) during a period of war or combat military operation other than a conflict, war, or era listed in Req.subparagraph (a) of this paragraph, beginning on the date of Congressional authorization, Congressional SENATE FLOOR VERSION - SB182 SFLR Page 16 (Bold face denotes Committee Amendments) RBS No.

No.699 resolution, or Executive Order of the President of the United States, for the use of the Armed Forces of the United States in a war or combat military operation, if such war or combat military operation lasted for a period of ninety (90) days or more, for a person who served, and only for the period served, in the area of responsibility of the war or combat military operation, but excluding a person who served on active duty for training only, unless discharged from such active duty for a service-connected disability, and provided that the burden of proof of military service during this period shall be with the member, who must present appropriate documentation establishing such service.

699An Pageeligible 16member RBSunder No.this paragraph shall include only those persons who shall have served during the times or in the areas prescribed in this paragraph, and only if such person provides appropriate documentation in such time and manner as required by the System to establish such military service prescribed in this paragraph, or for service pursuant to subdivision a of division (v) of subparagraph (a) of this paragraph those persons who were awarded service medals, as authorized by the United States Department of Defense as reflected in the veteran’s Defense Department Form 214, related to the Vietnam Conflict for service prior to August 5, 1964;

699SENATE subparagraphFLOOR (a)VERSION of- thisSB182 paragraph,SFLR beginningPage on17 the(Bold 2face datedenotes ofCommittee CongressionalAmendments) authorization,RBS CongressionalNo. 3 resolution, or Executive Order of the President of the United States, for the use of the Armed Forces of the 5 United States in a war or combat military operation, 6 if such war or combat military operation lasted for a 7 period of ninety (90) days or more, for a person who served, and only for the period served, in the area of 9 responsibility of the war or combat military operation, but excluding a person who served on active duty for training only, unless discharged from such active duty for a service-connected disability, and provided that the burden of proof of military service during this period shall be with the member, who must present appropriate documentation establishing such service.

An699 eligible(24) member“Normal underretirement thisdate” paragraphmeans shall include only those persons who shall have served during the timesdate oron inwhich thea areasmember prescribedmay inretire thiswith paragraph,full andretirement onlybenefits if such person provides appropriate documentation in such time and manner as requiredprovided by the System to establish such military service prescribed in thisSection paragraph,901 oret forseq. service pursuant to subdivision a of division (v) of subparagraph (a) of this paragraph those persons who were awarded service medals, as authorized by the United States Department of Req.

No.

699 Page 17 RBS No.

699 Defense as reflected in the veteran’s Defense Department Form 214, 2 related to the Vietnam Conflict for service prior to August 5, 1964;

3 (24) “Normal retirement date” means the date on which a member may retire with full retirement benefits as provided in Section 901 5 et seq.

6 (a) the first day of the month coinciding with or 7 following a member’s:

(1) sixty-second birthday with respect to members 9 whose first participating service occurs prior to November 1, 2011, or (2) sixty-fifth birthday with respect to members whose first participating service occurs on or after November 1, 2011, or with respect to members whose first participating service occurs on or after November 1, 2011, who reach a minimum age of sixty (60) years and who also reach a normal retirement date pursuant to subparagraph c of this paragraph, (b) for any person who initially became a member prior to July 1, 1992, and who does not reach a normal retirement date pursuant to division (1) of subparagraph (a) of this paragraph, the first day of the month coinciding with or following the date at which the sum of a member’s age and number of years of Req.credited service total eighty (80);

such a normal retirement date will also apply to any person who SENATE FLOOR VERSION - SB182 SFLR Page 18 (Bold face denotes Committee Amendments) RBS No.

699 Pagebecame 18a RBSmember No.of the sending system as defined in Section 901 et seq.

699of this title, prior to July 1, 1992, regardless of whether there were breaks in service after July 1, 1992, (c) for any person who became a member after June 30, 1992, but prior to November 1, 2011, and who does not reach a normal retirement date pursuant to division (1) of subparagraph (a) of this paragraph, the first day of the month coinciding with or following the date at which the sum of a member’s age and number of years of credited service total eightyninety (80);(90), (d) in addition to subparagraphs (a), (b) and (c) of this paragraph, the first day of the month coinciding with or following a member’s completion of at least twenty (20) years of full-time-equivalent employment as:

such(i) a normalcorrectional 2or retirementprobation dateand willparole alsoofficer applywith tothe anyDepartment personof whoCorrections 3and becameat athe time of retirement, the member was a correctional or probation and parole officer with the Department of Corrections, (ii) a correctional officer, probation and parole officer or fugitive apprehension agent with the sendingDepartment systemof asCorrections definedwho is in Sectionsuch 901position eton seq.June 30, 2004, or who is hired after June 30, SENATE FLOOR VERSION - SB182 SFLR Page 19 (Bold face denotes Committee Amendments) RBS No.

of699 this2004, title,and priorwho receives a promotion or change in job classification after June 30, 2004, to Julyanother 1,position 5in 1992,the regardlessDepartment of whetherCorrections, thereso werelong breaksas insuch 6officer or agent has at least five (5) years of service afteras Julya 1,correctional 1992,officer, 7probation (c)and forparole anyofficer personor whofugitive becameapprehension aagent memberwith afterthe JuneDepartment, 30,has 1992,twenty but(20) prioryears toof Novemberfull-time- 1,equivalent 2011,employment with the Department and whowas doesemployed notby 9the reachDepartment aat normalthe retirementtime dateof pursuantretirement, to(iii) divisiona (1)firefighter with the Military Department of subparagraphthe (a)State of thisOklahoma paragraph,either employed for the first daytime ofon theor monthafter coincidingJuly with1, 2002, or followingwho thewas dateemployed atprior whichto theJuly sum1, of2002, ain member’ssuch ageposition and numberwho ofmakes yearsthe ofelection creditedauthorized serviceby totaldivision ninety(2) (90),of (d)subparagraph inb additionof toparagraph subparagraphs(9) (a),of (b)subsection andA (c)of Section 915 of this paragraph,title theand firstat daythe time of retirement, the monthmember coincidingwas a firefighter with orthe followingMilitary aDepartment member’sof completionthe State of Oklahoma, and such member has at least twenty (20) years of full-time-equivalentcredited employmentservice as:upon which the two and one-half percent (2 1/2%) multiplier SENATE FLOOR VERSION - SB182 SFLR Page 20 (Bold face denotes Committee Amendments) RBS No.

(i)699 will be used in calculating the retirement benefit, (iv) a correctionalpublic safety officer employed by the Grand River Dam Authority for the first time on or probationafter andJuly parole1, officer2016, with(v) a deputy sheriff or jailer employed by any county that is a participating employer in the DepartmentSystem for the first time as a deputy sheriff or jailer on or after November 1, 2020, or (vi) beginning November 1, 2024, a deputy sheriff or jailer employed by any county that is a participating employer in the System for the first time as a deputy sheriff or jailer before November 1, 2020, including those who make the election authorized by division (2) of Correctionssubparagraph b of paragraph (10) of subsection A of Section 915 of this title, and at the time of retirement, if the member was a correctionaldeputy sheriff or probationjailer employed by the participating county, and parolesuch officermember withhas theat Departmentleast twenty (20) years of Corrections,credited (ii)service aupon correctionalwhich officer,the probationtwo and paroleone-half officerpercent or(2 fugitive1/2%) apprehensionmultiplier agentwill withbe used in calculating the Req.retirement benefit, SENATE FLOOR VERSION - SB182 SFLR Page 21 (Bold face denotes Committee Amendments) RBS No.

No.699 (vii) a law enforcement agent certified by the Council on Law Enforcement Education and Training (CLEET) and employed by the Department of Human Services Office of Inspector General who:

699 Page 19 RBS No.

699 Department of Corrections who is in such position 2 on June 30, 2004, or who is hired after June 30, 3 2004, and who receives a promotion or change in job classification after June 30, 2004, to 5 another position in the Department of 6 Corrections, so long as such officer or agent has 7 at least five (5) years of service as a correctional officer, probation and parole 9 officer or fugitive apprehension agent with the Department, has twenty (20) years of full-time- equivalent employment with the Department and was employed by the Department at the time of retirement, (iii) a firefighter with the Military Department of the State of Oklahoma either employed for the first time on or after July 1, 2002, or who was employed prior to July 1, 2002, in such position and who makes the election authorized by division (2) of subparagraph b of paragraph (9) of subsection A of Section 915 of this title and at the time of retirement, the member was a firefighter with the Military Department of the State of Oklahoma, and such member has at least twenty (20) years of credited service upon which Req.

No.

699 Page 20 RBS No.

699 the two and one-half percent (2 1/2%) multiplier 2 will be used in calculating the retirement 3 benefit, (iv) a public safety officer employed by the Grand 5 River Dam Authority for the first time on or 6 after July 1, 2016, 7 (v) a deputy sheriff or jailer employed by any county that is a participating employer in the System 9 for the first time as a deputy sheriff or jailer on or after November 1, 2020, or (vi) beginning November 1, 2024, a deputy sheriff or jailer employed by any county that is a participating employer in the System for the first time as a deputy sheriff or jailer before November 1, 2020, including those who make the election authorized by division (2) of subparagraph b of paragraph (10) of subsection A of Section 915 of this title, and at the time of retirement, if the member was a deputy sheriff or jailer employed by the participating county, and such member has at least twenty (20) years of credited service upon which the two and one-half percent (2 1/2%) multiplier will be used in calculating the retirement benefit, Req.

No.

699 Page 21 RBS No.

699 (vii) a law enforcement agent certified by the Council 2 on Law Enforcement Education and Training (CLEET) 3 and employed by the Department of Human Services Office of Inspector General who:

5 a.

is employed by the Office for the first time 6 on or after the effective date of this act, 7 or b.

was employed by the Office prior to the 9 effective date of this act and makes an irrevocable election pursuant to paragraph (9) of subsection A of Section 915 of this title, or (viii) a Resident Care Specialist for the Office of Juvenile Affairs who:

was employed by the Office prior to the effective date of this act and makes an irrevocable election pursuant to paragraph (9) of subsection A of Section 915 of this title, (e)or for(viii) thosea fugitiveResident apprehensionCare agentsSpecialist whofor retire on or after July 1, 2002, the firstOffice day of theJuvenile monthAffairs Req.who:

No.a.

699is Pageemployed 22by RBSthe No.Office for the first time on or after the effective date of this act, or b.

699was coincidingemployed withby orthe followingOffice aprior member’sto completionthe ofeffective 2date at least twenty (20) years of full-time-equivalentthis 3act employmentand asmakes aan fugitiveirrevocable apprehensionelection agentpursuant withto theparagraph Department(9) of Correctionssubsection andA atof theSection time915 of 5this retirement,title, the(e) memberfor wasthose a fugitive apprehension 6agents agent with the Department of Corrections, or 7 (f) for any member who wasretire continuouslyon employed by an entity or institutionafter within The Oklahoma State System 9 of Higher Education and whose initial employment with such entity or institution was prior to July 1, 1992,2002, and who without a break in service of more than thirty (30) days became employed by an employer participating in the Oklahoma Public Employees Retirement System, the first day of the month coincidingSENATE withFLOOR orVERSION following- theSB182 dateSFLR atPage which22 the(Bold sumface ofdenotes theCommittee member’sAmendments) ageRBS andNo. number of years of credited service total eighty (80);

699 coinciding with or following a member’s completion of at least twenty (20) years of full-time-equivalent employment as a fugitive apprehension agent with the Department of Corrections and at the time of retirement, the member was a fugitive apprehension agent with the Department of Corrections, or (f) for any member who was continuously employed by an entity or institution within The Oklahoma State System of Higher Education and whose initial employment with such entity or institution was prior to July 1, 1992, and who without a break in service of more than thirty (30) days became employed by an employer participating in the Oklahoma Public Employees Retirement System, the first day of the month coinciding with or following the date at which the sum of the member’s age and number of years of credited service total eighty (80);

Provided, on or after the effective date of this act November 1, 2023, military service credit purchased under Section 913.8 of this Req.SENATE FLOOR VERSION - SB182 SFLR Page 23 (Bold face denotes Committee Amendments) RBS No.

No.699 title shall only be considered “participating service” participating service if such service is immediately preceded by a period of employment with a participating employer and followed by a return to service as an employee with the same or another participating employer within ninety (90) days immediately following discharge from such military service;

699(27) Page“Prior 23service” RBSmeans No.the period of employment of a member by an eligible employer prior to the member’s entry date for which credit is granted a member under Section 901 et seq.

699 title shall only be considered “participating service” participating 2 service if such service is immediately preceded by a period of 3 employment with a participating employer and followed by a return to service as an employee with the same or another participating 5 employer within ninety (90) days immediately following discharge 6 from such military service;

7 (27) “Prior service” means the period of employment of a member by an eligible employer prior to the member’s entry date for which 9 credit is granted a member under Section 901 et seq.

Req.SENATE FLOOR VERSION - SB182 SFLR Page 24 (Bold face denotes Committee Amendments) RBS No.

No.699 (30) “Retirement coordinator” means the individual designated by each participating employer through whom System transactions and communication shall be directed;

699(31) Page“Social 24Security” RBSmeans No.the old-age survivors and disability section of the federal Social Security Act;

699(32) (30)“Total “Retirementdisability” coordinator” means thea individualphysical designatedor 2mental bydisability eachaccepted participatingfor employerdisability throughbenefits whomby Systemthe transactionsfederal andSocial 3Security communicationSystem shallAdministration; be directed;

(31)(33) “Social“Service-connected Security”disability benefits” means themilitary old-ageservice survivorsbenefits andwhich 5are for a service-connected disability sectionrated at twenty percent (20%) or more by the Veterans Administration United States Department of Veterans Affairs or the federalArmed SocialForces Securityof Act;the United States;

6 (32) “Total disability” means a physical or mental disability 7 accepted for disability benefits by the federal Social Security System Administration;

9 (33) “Service-connected disability benefits” means military service benefits which are for a service-connected disability rated at twenty percent (20%) or more by the Veterans Administration United States Department of Veterans Affairs or the Armed Forces of the United States;

and Req.SENATE FLOOR VERSION - SB182 SFLR Page 25 (Bold face denotes Committee Amendments) RBS No.

No.699 (37) “Public safety officers of the Grand River Dam Authority” means those persons hired by the Grand River Dam Authority on or after March 21, 2001, who are certified by the Council on Law Enforcement Education and Training or an equivalent certifying entity for law enforcement personnel training and who perform law enforcement functions as part of their regularly assigned duties and responsibilities on a full-time basis.

699With Pagerespect 25to RBSany No.public safety officer hired by the Grand River Dam Authority on or after March 21, 2001, any earned benefits or credits toward retirement benefits from previous participation within the Oklahoma Public Employees Retirement System or the Oklahoma Law Enforcement Retirement System shall remain within that system.

699 (37) “Public safety officers of the Grand River Dam Authority” 2 means those persons hired by the Grand River Dam Authority on or 3 after March 21, 2001, who are certified by the Council on Law Enforcement Education and Training or an equivalent certifying 5 entity for law enforcement personnel training and who perform law 6 enforcement functions as part of their regularly assigned duties and 7 responsibilities on a full-time basis.

With respect to any public safety officer hired by the Grand River Dam Authority on or after 9 March 21, 2001, any earned benefits or credits toward retirement benefits from previous participation within the Oklahoma Public Employees Retirement System or the Oklahoma Law Enforcement Retirement System shall remain within that system.

2024,2025, Section 915), is amended to read as follows:

(1) Except as otherwise provided in this subsection and as provided for elected officials in Section 913.4 of this title, any member who shall retire on or after the member’s normal retirement date shall be entitled to receive an annual retirement benefit equal to two percent (2%) of the member’s final average compensation as determined pursuant to paragraph (18) of Section 902 of this title, multiplied by the number of years of credited service that has been credited to the member in accordance Req.SENATE FLOOR VERSION - SB182 SFLR Page 26 (Bold face denotes Committee Amendments) RBS No.

No.699 with the provisions of Section 913 of this title other than years credited pursuant to paragraph (2) of this subsection.

699(2) PageEffective 26January RBS1, No.2004, except as otherwise provided for elected officials in Section 913.4 of this title and except for those members making contributions pursuant to paragraphs (b), (c), (d), (e) and, (f), and (g) of subsection (1) of Section 919.1 of this title, any member who shall retire shall be entitled to receive an annual retirement benefit equal to two and one-half percent (2 1/2%) of the member’s final average compensation as determined pursuant to paragraph (18) of Section 902 of this title, multiplied by the number of full years of participating service after January 1, 2004, that have been credited to the member in accordance with the provisions of Section 913 of this title and only for those full years of participating service for which contributions have been made pursuant to paragraph (g) (h) of subsection (1) of Section 919.1 of this title.

699 with the provisions of Section 913 of this title other than years 2 credited pursuant to paragraph (2) of this subsection.

3 (2) Effective January 1, 2004, except as otherwise provided for elected officials in Section 913.4 of this title and except for 5 those members making contributions pursuant to paragraphs (b), (c), 6 (d), (e) and, (f), and (g) of subsection (1) of Section 919.1 of 7 this title, any member who shall retire shall be entitled to receive an annual retirement benefit equal to two and one-half percent (2 9 1/2%) of the member’s final average compensation as determined pursuant to paragraph (18) of Section 902 of this title, multiplied by the number of full years of participating service after January 1, 2004, that have been credited to the member in accordance with the provisions of Section 913 of this title and only for those full years of participating service for which contributions have been made pursuant to paragraph (g) (h) of subsection (1) of Section 919.1 of this title.

The two and one-half percent (2 1/2%) multiplier pursuant to this paragraph shall not apply to additional years of service credit Req.SENATE FLOOR VERSION - SB182 SFLR Page 27 (Bold face denotes Committee Amendments) RBS No.

No.699 attributed to sick leave pursuant to paragraph 7 of subsection B of Section 913 of this title and fractional years pursuant to subsection C of Section 913 of this title and shall be attributable only to the participating service credited after the election of the member.

699(3) PageThe 27minimum RBSfinal No.average compensation for any person who becomes a member of the Oklahoma Public Employees Retirement System on or after July 1, 1995 and who had:

699a. attributed to sick leave pursuant to paragraph 7 of subsection B of 2 Section 913 of this title and fractional years pursuant to 3 subsection C of Section 913 of this title and shall be attributable only to the participating service credited after the election of the 5 member.

6 (3) The minimum final average compensation for any person who 7 becomes a member of the Oklahoma Public Employees Retirement System on or after July 1, 1995 and who had:

9 a.

Req.SENATE FLOOR VERSION - SB182 SFLR Page 28 (Bold face denotes Committee Amendments) RBS No.

No.699 (4) Provided, further, any member who has elected a vested benefit pursuant to Section 917 of this title shall be entitled to receive benefits as outlined in this section except the percent factor and the member’s maximum compensation level in effect the date the member’s employment was terminated with a participating employer shall be applicable.

699(5) PageAny 28member RBSwho No.is a correctional officer or a probation and parole officer employed by the Department of Corrections at the time of retirement and who retires on or before June 30, 2000, shall be entitled to receive an annual retirement benefit equal to two and one-half percent (2 1/2%) of the final average compensation of the member not to exceed Twenty-five Thousand Dollars ($25,000.00) and two percent (2%) of the final average salary in excess of Twenty- five Thousand Dollars ($25,000.00) but not exceeding the maximum compensation level as provided in paragraph (9) of Section 902 of this title, multiplied by the number of years of service as a correctional officer or a probation and parole officer;

699provided, (4)any Provided,years further,accrued anyprior to July 1, 1990, as a correctional officer or a probation and parole officer by a member who hasis electedemployed as a vestedcorrectional 2officer benefitor pursuanta toprobation Sectionand 917parole ofofficer thison titleJuly 1, 1990, shall be entitledcalculated tofor 3retirement receivepurposes benefitsat astwo outlinedand inone- thisquarter sectionpercent except(2 1/4%) of the percentfinal factoraverage andcompensation of the member’smember maximumnot compensationto levelexceed inTwenty-five effectThousand theDollars 5($25,000.00) dateand two percent (2%) of the member’sfinal employmentaverage wassalary terminatedin withexcess aof participatingTwenty- 6SENATE employerFLOOR shallVERSION be- applicable.SB182 SFLR Page 29 (Bold face denotes Committee Amendments) RBS No.

7699 (5)five AnyThousand memberDollars who($25,000.00) isbut anot correctionalexceeding officerthe ormaximum acompensation probationlevel andas paroleprovided officerin employedparagraph by(9) theof DepartmentSection 902 of Correctionsthis attitle, themultiplied timeby 9the number of retirementyears andof whosuch retiresservice onand orany beforeyears Junein 30,excess 2000,of shalltwenty be(20) entitledyears toas receivesuch an annualofficer retirementor benefityears equalcredited to twothe andmember one-halfin percentaccordance (2with 1/2%) of the finalprovisions averageof compensationSection 913 of thethis membertitle notshall tobe exceedcalculated Twenty-fivefor Thousandretirement Dollarspurposes ($25,000.00)at and two percent (2%) of the final average salarycompensation in excess of Twenty- five Thousand Dollars ($25,000.00) but not exceeding the maximummember compensation level as provided in paragraph (9) of Section 902 of this title, multiplied by the number of years of servicesuch asservice. a correctional officer or a probation and parole officer;

provided,Any anyperson yearswho accruedcontributes prior to Julythe 1,System 1990, as a correctional officer or a probation and parole officer byas aprovided memberin whoparagraph is(b) employedor as(c) aof correctionalsubsection officer(1) orof aSection probation919.1 andof parolethis officertitle, on Julyor 1,before 1990,June shall30, be2000, calculatedbut who does not make such contributions after June 30, 2000, and who does not qualify for normal retirement purposesunder atsubparagraph two(c) andof one-paragraph quarter(24) percentof (2Section 1/4%)902 of thethis finaltitle averageshall compensationhave retirement benefits for each year of thefull-time-equivalent memberparticipating notservice toas exceeda Twenty-fivecorrectional Thousandor Dollarsa ($25,000.00)probation and parole officer after July 1, 1990, computed on two and one-half percent (2%)(2 1/2%) of the final average salarycompensation inbased excessupon ofthose Twenty-years Req.as a correctional officer or a probation and parole officer.

No.

699 Page 29 RBS No.

699 five Thousand Dollars ($25,000.00) but not exceeding the maximum 2 compensation level as provided in paragraph (9) of Section 902 of 3 this title, multiplied by the number of years of such service and any years in excess of twenty (20) years as such an officer or years 5 credited to the member in accordance with the provisions of Section 6 913 of this title shall be calculated for retirement purposes at two 7 percent (2%) of the final average compensation of the member multiplied by the number of years of such service.

Any person who 9 contributes to the System as a correctional officer or a probation and parole officer as provided in paragraph (b) or (c) of subsection (1) of Section 919.1 of this title, on or before June 30, 2000, but who does not make such contributions after June 30, 2000, and who does not qualify for normal retirement under subparagraph (c) of paragraph (24) of Section 902 of this title shall have retirement benefits for each year of full-time-equivalent participating service as a correctional or a probation and parole officer after July 1, 1990, computed on two and one-half percent (2 1/2%) of the final average compensation based upon those years as a correctional officer or a probation and parole officer.

of this title for service as a fugitive apprehension agent prior to July 1, 2002, only upon payment to the System of the employee contributions which would have been paid if such fugitive apprehension agent had been covered by Req.SENATE FLOOR VERSION - SB182 SFLR Page 30 (Bold face denotes Committee Amendments) RBS No.

No.699 this section prior to the effective date of this act July 1, 2002, plus interest of not to exceed ten percent (10%) as determined by the Oklahoma Public Employees Retirement System Board of Trustees.

699The PageDepartment 30of RBSCorrections No.may make the employee contribution and interest payment on behalf of such member.

699(6) thisAny sectionmember priorwho tois a correctional officer, a probation and parole officer or a fugitive apprehension agent employed by the effectiveDepartment dateof Corrections at the time of thisretirement actand who retires on or after July 1, 2002, 2shall plusbe interestentitled ofto notreceive an annual retirement benefit equal to exceedtwo tenand one-half percent (10%)(2 1/2%) of the final average compensation of the member, but not exceeding the maximum compensation level as determinedprovided in paragraph (18) of Section 902 of this title, multiplied by 3the number of years of service as a correctional officer, a probation and parole officer, or a fugitive apprehension agent, and any years in excess of twenty (20) years as such an officer or agent, or years credited to the Oklahomamember Publicin Employeesaccordance Retirementwith Systemthe Boardprovisions of Trustees.Section 913 of this title, shall be calculated for retirement purposes at two percent (2%) of the final average compensation of the member multiplied by the number of years of such service.

TheFor Departmentpurposes of Correctionsthis mayparagraph, make“final average compensation” shall be determined by computing the employeeaverage contributionannual andsalary, 5in interestthe paymentmanner onprescribed behalfby paragraph (18) of suchSection member.902 of this title, for the highest three (3) years of the last ten (10) years of participating service immediately preceding retirement SENATE FLOOR VERSION - SB182 SFLR Page 31 (Bold face denotes Committee Amendments) RBS No.

6699 (6) Any member who is a correctional officer, a probation and 7 parole officer or atermination fugitive apprehension agent employed by the Department of Correctionsemployment atfor theall timeyears of retirementservice andperformed whoby retiressuch 9member, onboth orfor afteryears Julyof 1,service 2002,performed shallas bea entitledcorrectional toofficer, receiveprobation an annual retirement benefit equal to two and one-halfparole percentofficer, (2or 1/2%)fugitive ofapprehension theagent, finalnot averagein compensationexcess of thetwenty member,(20) butyears, notand exceedingfor theyears maximumof compensationservice levelperformed as provided in paragraphexcess (18) of Sectiontwenty 902(20) ofyears, thiswhether title, multiplied by the number of years of service as a correctional officer, a probation and parole officer, or a fugitive apprehension agent, and any years in excess of twenty (20) years as such an officer or agent,other orposition yearsunless credited to the membercomputation in accordance with the provisions of Sectionbenefits 913would ofresult thisin title,a shalllower be calculated for retirement purposesbenefit atamount twothan percentif (2%) of the final average compensation ofwere theto memberbe multipliedcomputed byas theotherwise numberprovided ofby yearsthis ofparagraph. such service.

For purposes of this paragraph, “final average compensation” shall be determined by computing the average annual salary, in the manner prescribed by paragraph (18) of Section 902 of this title, for the highest three (3) years of the last ten (10) years of participating service immediately preceding retirement Req.

No.

699 Page 31 RBS No.

699 or termination of employment for all years of service performed by 2 such member, both for years of service performed as a correctional 3 officer, probation and parole officer, or fugitive apprehension agent, not in excess of twenty (20) years, and for years of service 5 performed in excess of twenty (20) years, whether as a correctional 6 officer, probation and parole officer, fugitive apprehension agent, 7 or other position unless the computation of benefits would result in a lower retirement benefit amount than if final average compensation 9 were to be computed as otherwise provided by this paragraph.

(7) Any member who is a correctional officer, a probation and parole officer, or a fugitive apprehension agent who has at least five (5) years of service as a correctional officer, a probation and parole officer, or a fugitive apprehension agent who is in such position on June 30, 2004, or who is hired after June 30, 2004, in such position, and who receives a promotion or change in job classification after June 30, 2004, to another position in the Department of Corrections, and who is employed by the Department of Corrections at the time of retirement and who retires on or after Req.SENATE FLOOR VERSION - SB182 SFLR Page 32 (Bold face denotes Committee Amendments) RBS No.

No.699 July 1, 2004, shall be entitled to receive an annual retirement benefit equal to two and one-half percent (2 1/2%) of the final average compensation of the member, but not exceeding the maximum compensation level as provided in paragraph (18) of Section 902 of this title, multiplied by the number of years of service with the Department of Corrections and any years in excess of twenty (20) years with the Department or years credited to the member in accordance with the provisions of Section 913 of this title, shall be calculated for retirement purposes at two percent (2%) of the final average compensation of the member multiplied by the number of years of such service.

699 Page 32 RBS No.

699 July 1, 2004, shall be entitled to receive an annual retirement 2 benefit equal to two and one-half percent (2 1/2%) of the final 3 average compensation of the member, but not exceeding the maximum compensation level as provided in paragraph (18) of Section 902 of 5 this title, multiplied by the number of years of service with the 6 Department of Corrections and any years in excess of twenty (20) 7 years with the Department or years credited to the member in accordance with the provisions of Section 913 of this title, shall 9 be calculated for retirement purposes at two percent (2%) of the final average compensation of the member multiplied by the number of years of such service.

(8) Any person who contributed to the System as a correctional officer, a probation and parole officer, or a fugitive apprehension Req.SENATE FLOOR VERSION - SB182 SFLR Page 33 (Bold face denotes Committee Amendments) RBS No.

No.699 agent as provided in paragraph (b) or (c) of subsection (1) of Section 919.1 of this title, and who retires under normal retirement or early retirement on or after January 1, 2004, under paragraph (24) of Section 902 of this title, and any public safety officer described by paragraph (37) of Section 902 of this title hired on or after the effective date of this act July 1, 2016, by the Grand River Dam Authority and who retires on or after the effective date of this act July 1, 2016, shall have retirement benefits for each year of full-time-equivalent participating service as a correctional officer, a probation and parole officer or a fugitive apprehension agent, or Grand River Dam public safety officer computed on two and one-half percent (2 1/2%) of the final average compensation based upon those years as a correctional officer, a probation and parole officer, a fugitive apprehension agent, or a Grand River Dam public safety officer.

699For purposes of this paragraph, “final average compensation” shall be determined by computing the average annual salary, in the manner prescribed by paragraph (18) of Section 902 of this title, for the highest three (3) years of the last ten (10) years of participating service immediately preceding retirement or termination of employment for all years of service performed by such member, both for years of service performed as a correctional officer, probation and parole officer, or fugitive apprehension agent, or years of service performed as a Grand River Dam public safety officer, not in excess of twenty (20) years, and for years of SENATE FLOOR VERSION - SB182 SFLR Page 3334 (Bold face denotes Committee Amendments) RBS No.

699 agentservice asperformed provided in paragraphexcess (b) or (c) of subsectiontwenty (1)(20) ofyears, 2whether Section 919.1 of this title, and who retires under normal retirement 3 or early retirement on or after January 1, 2004, under paragraph (24) of Section 902 of this title, and any public safety officer 5 described by paragraph (37) of Section 902 of this title hired on or 6 after the effective date of this act July 1, 2016, by the Grand 7 River Dam Authority and who retires on or after the effective date of this act July 1, 2016, shall have retirement benefits for each 9 year of full-time-equivalent participating service as a correctional officer, a probation and parole officerofficer, or a fugitive apprehension agent, or Grand River Dam public safety officerofficer, computedor onother twoposition andunless one-halfthe percentcomputation (2 1/2%) of thebenefits finalwould averageresult compensationin based upon those years as a correctionallower officer,retirement abenefit probationamount andthan paroleif officer,final aaverage fugitivecompensation apprehensionwere agent,to orbe acomputed Grandas Riverotherwise Damprovided publicby safetythis officer.paragraph.

For“Final purposesaverage ofcompensation” thisFinal paragraph, “final average compensation”compensation shall be determined by computing the average annual salary,salary in the manner prescribed by paragraph (18) of Section 902 of this title, for the highest threefive (3)(5) years of the last ten (10) years of participating service immediately preceding retirement or termination of employmentemployment, forwith allrespect yearsto ofmembers servicewhose performedfirst byparticipating such member, both for years of service performedoccurs ason aor correctionalafter officer,July probation1, and2013, parole officer, or fugitivewith apprehensionrespect agent,to or years of service performed as a Grand River Dam public safety officer,officers notwhose infirst excessparticipating ofservice twentyoccurs (20)on years,or andafter forthe yearseffective date of Req.this act July 1, 2016.

No.

699 Page 34 RBS No.

699 service performed in excess of twenty (20) years, whether as a 2 correctional officer, probation and parole officer, fugitive 3 apprehension agent, Grand River Dam public safety officer, or other position unless the computation of benefits would result in a lower 5 retirement benefit amount than if final average compensation were to 6 be computed as otherwise provided by this paragraph.

“Final average 7 compensation” Final average compensation shall be determined by computing the average annual salary for the highest five (5) of the 9 last ten (10) years of participating service immediately preceding retirement or termination of employment, with respect to members whose first participating service occurs on or after July 1, 2013, or with respect to Grand River Dam public safety officers whose first participating service occurs on or after the effective date of this act July 1, 2016.

initially on or after July 1, 2002, employed as a firefighter for the Oklahoma Military Department of the State of Oklahoma and who retires on or after the member’s normal retirement date shall be entitled to receive an annual retirement benefit equal to two and one-half percent (2 1/2%) of the final average compensation of the member multiplied by the number of years of service in such service, Req.SENATE FLOOR VERSION - SB182 SFLR Page 35 (Bold face denotes Committee Amendments) RBS No.

No.

699 Page 35 RBS No.

(1) a firefighter who performs firefighting services 2 for the Oklahoma Military Department of the State 3 of Oklahoma prior to July 1, 2002, and who makes an election in writing on a form prescribed for 5 this purpose by the System not later than 6 December 31, 2002, shall be entitled to receive a 7 retirement benefit based upon two and one-half percent (2 1/2%) of the final average 9 compensation of the member multiplied by the number of years of service as a firefighter with the Oklahoma Military Department of the State of Oklahoma on or after July 1, 2002.

The election authorized by this subdivision division shall be irrevocable once the election is filed with the System, (2) a firefighter who performs firefighting services for the Oklahoma Military Department of the State of Oklahoma prior to July 1, 2002, and who makes the election in division (1) of this subparagraph may also make an election in writing on a form prescribed for this purpose by the System not later than December 31, 2002, to receive a retirement benefit based upon two and one-half percent (2 1/2%) of the final average Req.SENATE FLOOR VERSION - SB182 SFLR Page 36 (Bold face denotes Committee Amendments) RBS No.

No.699 compensation of the member multiplied by the number of years of service as a firefighter with the Oklahoma Military Department of the State of Oklahoma prior to July 1, 2002.

699The Pageelection 36authorized RBSby No.this subdivision division shall be irrevocable once the election is filed with the System.

699Retirement compensationbenefits ofshall thebe membercalculated multipliedbased byupon the 2two numberand ofone-half yearspercent of(2 service1/2%) asmultiplier aupon firefighterpayment withbeing 3made thepursuant Oklahomato MilitarySection Department913.5 of thethis Statetitle, ofc. Oklahoma prior to July 1, 2002.

The election 5 authorized by this subdivision division shall be 6 irrevocable once the election is filed with the 7 System.

Retirement benefits shall be calculated based upon the two and one-half percent (2 1/2%) 9 multiplier upon payment being made pursuant to Section 913.5 of this title, c.

(1) a CLEET-certified law enforcement agent who performs law enforcement services for the Department of Human Services Office of Inspector Req.SENATE FLOOR VERSION - SB182 SFLR Page 37 (Bold face denotes Committee Amendments) RBS No.

699 General prior to the effective date of this act, and who makes an irrevocable election in writing in the form and manner prescribed by the System not later than the end of the calendar year following the effective date of this act, shall be entitled to receive a retirement benefit based upon two and one-half percent (2 1/2%) of the final average compensation of the member multiplied by the number of years of service of employment under this division completed on and after the effective date of this act, (2) a CLEET-certified law enforcement agent who performs law enforcement services for the Department of Human Services Office of Inspector General prior to the effective date of this act, and who makes an irrevocable election under division 1 of this subparagraph, may also make an irrevocable election, subject to the same provisions and conditions of the election made in division 1 of this subparagraph, for years of service of employment under this division prior to the effective date of this act, and (3) benefit calculations for a CLEET-certified law enforcement agent who performs law enforcement SENATE FLOOR VERSION - SB182 SFLR Page 38 (Bold face denotes Committee Amendments) RBS No.

699 Pageservices 37for RBSthe No.Department of Human Services Office of Inspector General under Section 913.5 of this title shall be calculated in the same manner as calculated under division (1) of this subparagraph, e.

699a GeneralResident priorCare toSpecialist for the effectiveOffice date of thisJuvenile act,Affairs 2initially andhired whoon makesor anafter irrevocablethe electioneffective indate writingof 3this inact, the form and mannerwho prescribedretires byon theor Systemafter not later than the endmember’s ofnormal theretirement calendardate, year 5 following the effective date of this act, shall 6 be entitled to receive aan annual retirement benefit basedequal 7to upon two and one-half percent (2 1/2%) of the final average compensation of the member 9 multiplied by the number of years of service of employment under this division completed on and after the effective date of this act, (2) a CLEET-certified law enforcement agent who performs law enforcement services for thewhich Department of Human Services Office of Inspector General prior to the effectivemember datewas ofemployed thispursuant act, and who makes an irrevocable election under division 1 of this subparagraph, may also make an irrevocable election, subject to the same provisions and conditions of the election made in division 1 of this subparagraph, for years of service of employment under this division prior to the effective date of this act, and (3)f. benefit calculations for a CLEET-certified law enforcement agent who performs law enforcement Req.

(1) a Resident Care Specialist for the Office of Juvenile Affairs who is hired prior to the effective date of this act, and who makes an irrevocable election in writing in the form and manner prescribed by the System not later than the end of the calendar year following the effective date of this act, shall be entitled to receive a retirement benefit based upon two and one-half percent (2 1/2%) of the final average compensation of the member multiplied by the SENATE FLOOR VERSION - SB182 SFLR Page 39 (Bold face denotes Committee Amendments) RBS No.

699 Pagenumber 38of RBSyears No.of service of employment under this division completed on and after the effective date of this act, (2) a Resident Care Specialist for the Office of Juvenile Affairs who is hired prior to the effective date of this act, and who makes an irrevocable election under division (1) of this subparagraph, may also make an irrevocable election, subject to the same provisions and conditions of the election made in division (1) of this subparagraph, for years of service of employment under this division prior to the effective date of this act, and (3) benefit calculations for a Resident Care Specialist shall be calculated in the same manner as calculated under division (1) of this subparagraph.

699 services for the Department of Human Services 2 Office of Inspector General under Section 913.5 3 of this title shall be calculated in the same manner as calculated under division (1) of this 5 subparagraph, 6 e.

a Resident Care Specialist for the Office of Juvenile 7 Affairs initially hired on or after the effective date of this act, and who retires on or after the member’s 9 normal retirement date, shall be entitled to receive an annual retirement benefit equal to two and one-half percent (2 1/2%) of the final average compensation of the member multiplied by the number of years of service for which the member was employed pursuant to this subparagraph, and f.

(1) a Resident Care Specialist for the Office of Juvenile Affairs who is hired prior to the effective date of this act, and who makes an irrevocable election in writing in the form and manner prescribed by the System not later than the end of the calendar year following the effective date of this act, shall be entitled to receive a retirement benefit based upon two and one-half percent (2 1/2%) of the final average compensation of the member multiplied by the Req.

No.

699 Page 39 RBS No.

699 number of years of service of employment under 2 this division completed on and after the 3 effective date of this act, (2) a Resident Care Specialist for the Office of 5 Juvenile Affairs who is hired prior to the 6 effective date of this act, and who makes an 7 irrevocable election under division (1) of this subparagraph, may also make an irrevocable 9 election, subject to the same provisions and conditions of the election made in division (1) of this subparagraph, for years of service of employment under this division prior to the effective date of this act, and (3) benefit calculations for a Resident Care Specialist shall be calculated in the same manner as calculated under division (1) of this subparagraph.

employed by a participating employer in the System for the first time as a deputy sheriff or county jailer on or after November 1, 2020, and who retires under normal retirement or early retirement under Req.SENATE FLOOR VERSION - SB182 SFLR Page 40 (Bold face denotes Committee Amendments) RBS No.

No.699 division (v) of subparagraph (d) of paragraph (24) of Section 902 of this title, shall have retirement benefits for each year of full-time-equivalent participating service as a deputy sheriff or county jailer computed on two and one-half percent (2 1/2%) of the final average compensation based upon those years as a deputy sheriff or county jailer, and any years in excess of twenty (20) years as a deputy sheriff or county jailer, or years credited to the member in accordance with the provisions of Section 913 of this title, shall be calculated for retirement purposes at two percent (2%) of the final average compensation of the member multiplied by the number of years of such service, or b.

699(1) employed by a participating employer in the System for the first time as a deputy sheriff or county jailer before November 1, 2020, and who retires under the normal retirement or early retirement under division (vi) of subparagraph (d) of paragraph (24) of Section 902 of this title, shall be entitled to receive a retirement benefit based on two and one-half percent (2 1/2%) of the final average compensation of the member multiplied based on the number of years of SENATE FLOOR VERSION - SB182 SFLR Page 4041 (Bold face denotes Committee Amendments) RBS No.

699 divisionservice (v)as ofa subparagraphdeputy (d)sheriff ofor paragraphcounty (24)jailer ofwith 2any Sectioncounty 902participating ofin thisthe title,System shallon haveor retirementafter 3November benefits1, for2024, each(2) yearemployed ofby full-time-equivalenta participating serviceemployer in the System for the first time as a deputy sheriff or county 5 jailer computedbefore onNovember two1, 2020, and one-halfwho percentretires (2under 1/2%) 6 of the finalnormal averageretirement compensationor basedearly uponretirement thoseunder 7division years(vi) asof asubparagraph deputy(d) sheriffof orparagraph county(24) jailer,of andSection any902 yearsof inthis excesstitle, ofand twentywho (20)makes yearsan aselection ain deputywriting 9not sherifflater orthan countyJuly jailer,1, or2026, yearson crediteda toform theprescribed memberfor inthis accordancepurpose withby the provisionsSystem, of Section 913 of this title, shall be calculatedentitled forto a retirement purposesbenefit atbased upon two and one-half percent (2%)(2 1/2%) of the final average compensation of the member multiplied by the number of years of suchservice service,prior to November 1, 2024, as a deputy sheriff or b.county jailer employed by any county that is a participating employer in the System.

(1) employed by a participating employer in the System for the first time as a deputy sheriff or county jailer before November 1, 2020, and who retires under the normal retirement or early retirement under division (vi) of subparagraph (d) of paragraph (24) of Section 902 of this title, shall be entitled to receive a retirement benefit based on two and one-half percent (2 1/2%) of the final average compensation of the member multiplied based on the number of years of Req.

No.

699 Page 41 RBS No.

699 service as a deputy sheriff or county jailer with 2 any county participating in the System on or 3 after November 1, 2024, (2) employed by a participating employer in the 5 System for the first time as a deputy sheriff or 6 county jailer before November 1, 2020, and who 7 retires under the normal retirement or early retirement under division (vi) of subparagraph 9 (d) of paragraph (24) of Section 902 of this title, and who makes an election in writing not later than July 1, 2026, on a form prescribed for this purpose by the System, shall be entitled to a retirement benefit based upon two and one-half percent (2 1/2%) of the final average compensation of the member multiplied by the number of years of service prior to November 1, 2024, as a deputy sheriff or county jailer employed by any county that is a participating employer in the System.

Retirement benefits shall be calculated based upon the two and one-half percent (2 1/2%) multiplier upon payment being made pursuant to Req.SENATE FLOOR VERSION - SB182 SFLR Page 42 (Bold face denotes Committee Amendments) RBS No.

No.

699 Page 42 RBS No.

Any person 2 otherwise qualifying under this subparagraph 3 division, but who is not employed as a deputy sheriff or county jailer on November 1, 2024, and 5 who is reemployed as a deputy sheriff or county 6 jailer with a county that is a participating 7 employer in the System after November 1, 2024, shall have six (6) months from the initial date 9 of reemployment to make the election authorized in this subparagraph division.

Any purchased service under this subparagraph division shall comply with the applicable Req.SENATE FLOOR VERSION - SB182 SFLR Page 43 (Bold face denotes Committee Amendments) RBS No.

No.699 provisions of the Internal Revenue Code of 1986, as amended, and rules adopted by the Board of Trustees.

699 Page 43 RBS No.

699 provisions of the Internal Revenue Code of 1986, 2 as amended, and rules adopted by the Board of 3 Trustees.

For purposes of paragraph (10) this paragraph, “final 5 average compensation” shall be determined by computing 6 the average annual salary, in the manner prescribed by 7 paragraph (18) of Section 902 of this title, both for years of service performed as a deputy sheriff or 9 county jailer not in excess of twenty (20) years, and for years of service performed in excess of twenty (20) years, whether as a deputy sheriff or county jailer.

(13) Pursuant to the rules established by the Board, a retiree receiving monthly benefits from the System may authorize warrant deductions for any products currently offered to active state employees through the Employees Benefits Council Oklahoma Employees Req.SENATE FLOOR VERSION - SB182 SFLR Page 44 (Bold face denotes Committee Amendments) RBS No.

No.699 Insurance and Benefits Board, provided that product is offered to state retirees as a group and has a minimum participation of five hundred state retirees.

699The PageSystem 44has RBSno No.responsibility for the marketing, enrolling or administration of such products, but shall retain a processing fee of two percent (2%) of the gross deductions for the products.

699Retirement Insurancebenefit anddeductions Benefitsshall Board,be providedmade thatfor productmembership isdues offeredfor any statewide association for which payroll deductions are authorized pursuant to 2subsection stateB retireesof asSection a34.70 groupof andTitle has62 aof minimumthe participationOklahoma Statutes for retired members of fiveany 3state-supported hundredretirement statesystem, retirees.upon proper authorization given by the member to the board from which the member or beneficiary is currently receiving retirement benefits.

The System has no responsibility for the marketing, enrolling or administration of such products, but shall 5 retain a processing fee of two percent (2%) of the gross deductions 6 for the products.

Retirement benefit deductions shall be made for 7 membership dues for any statewide association for which payroll deductions are authorized pursuant to subsection B of Section 34.70 9 of Title 62 of the Oklahoma Statutes for retired members of any state-supported retirement system, upon proper authorization given by the member to the board from which the member or beneficiary is currently receiving retirement benefits.

of Title 45 of the United States Code, and shall be eligible for benefits hereunder upon proof of such disability, provided such member is an active regularly scheduled employee with a participating employer at the time of injury or inception of illness or disease resulting in subsequent certification of eligibility for Social Security disability benefits by reason of such injury, illness or disease, providing provided such disability is certified by the Social Security Administration within one (1) year after the last date physically on the job and Req.SENATE FLOOR VERSION - SB182 SFLR Page 45 (Bold face denotes Committee Amendments) RBS No.

No.699 after completion of at least eight (8) years of participating service or combined prior and participating service or resulting in subsequent certification of eligibility of disability by the Railroad Retirement Board providing provided such certification is made by the Railroad Retirement Board within one (1) year after the last date physically on the job and after completion of at least eight (8) years of participating service or combined prior and participating service.

699The Pagemember 45shall RBSsubmit No.to the Oklahoma Public Employees Retirement System the Social Security Award Notice or the Railroad Retirement Award Notice certifying the date of entitlement for disability benefits, as issued by the Social Security Administration, United States Department of Health and Human Services or the Railroad Retirement Board.

699 after completion of at least eight (8) years of participating 2 service or combined prior and participating service or resulting in 3 subsequent certification of eligibility of disability by the Railroad Retirement Board providing provided such certification is 5 made by the Railroad Retirement Board within one (1) year after the 6 last date physically on the job and after completion of at least 7 eight (8) years of participating service or combined prior and participating service.

The member shall submit to the Oklahoma 9 Public Employees Retirement System the Social Security Award Notice or the Railroad Retirement Award Notice certifying the date of entitlement for disability benefits, as issued by the Social Security Administration, United States Department of Health and Human Services or the Railroad Retirement Board.

Option A must be elected in accordance with the provisions of Section 918 of this Req.SENATE FLOOR VERSION - SB182 SFLR Page 46 (Bold face denotes Committee Amendments) RBS No.

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699 Page 46 RBS No.

Benefit payments shall cease upon the member’s recovery from 2 disability prior to the normal retirement date.

Future benefits, if 3 any, shall be paid based upon length of service and compensation as of the date of disability.

In the event that disability ceases and 5 the member returns to employment within the System, credited service 6 to the date of disability shall be restored, and future benefits 7 shall be determined accordingly.

A member who incurred a disability pursuant to subsection B 9 of this section on or after July 1, 1999, and who has retired from the System with an early retirement benefit pending certification from the Social Security Administration or the Railroad Retirement Board shall receive a retirement benefit not less than the disability retirement benefit provided by subsection B of this section once the System receives a Social Security Award Notice or a Railroad Retirement Award Notice pursuant to subsection B of this section and a completed Application application for Disability Benefits disability benefits.

Any actively participating member of the System on or after July 1, 1998, except for those employees provided in subparagraph (e) of paragraph (14) of Section 902 of this title, whose employment Req.SENATE FLOOR VERSION - SB182 SFLR Page 47 (Bold face denotes Committee Amendments) RBS No.

No.699 is less than full-time, shall have his or her final average compensation calculated on an annualized basis using his or her hourly wage subject to the maximum compensation limits;

699provided, Pagehowever, 47any RBSsuch No.member whose first participating service occurred before July 1, 2013, and who has at least three (3) years of full- time employment during the last ten (10) years immediately preceding termination or retirement shall not be eligible for the annualization provisions contained herein;

699and isprovided lessfurther, thanany full-time,such shallmember havewhose hisfirst participating service occurred on or herafter finalJuly average1, 22013, compensationand calculatedwho onhas anat annualizedleast basisfive using(5) hisyears of full-time employment during the last ten (10) years immediately preceding termination or herretirement 3shall hourlynot wagebe subjecteligible tofor the maximumannualization compensationprovisions limits;contained herein.

provided, however, any such member whose first participating service occurred 5 before July 1, 2013, and who has at least three (3) years of full- 6 time employment during the last ten (10) years immediately preceding 7 termination or retirement shall not be eligible for the annualization provisions contained herein;

and provided further, any 9 such member whose first participating service occurred on or after July 1, 2013, and who has at least five (5) years of full-time employment during the last ten (10) years immediately preceding termination or retirement shall not be eligible for the annualization provisions contained herein.

2024,2025, Section 916.3), is amended to read as follows:

Correctional officer or probation and parole officer of the Department of Corrections and who is killed or mortally wounded on Req.SENATE FLOOR VERSION - SB182 SFLR Page 48 (Bold face denotes Committee Amendments) RBS No.

No.699 or after January 1, 2000, during the performance of the member’s duties for the Department or any employee of the Department of Corrections who is killed or mortally wounded after June 30, 2004, during the performance of the member’s duties for the Department;

6992. Page 48 RBS No.

699Deputy sheriff or aftercounty Januaryjailer 1,first 2000,hired duringon theor performanceafter ofNovember the1, member’s2020, 2by dutiesany forcounty thethat Departmentis ora anyparticipating employeemember ofin the DepartmentOklahoma ofPublic 3Employees CorrectionsRetirement System, and who is killed or mortally wounded after June 30, 2004, during the performance of the member’s duties foras thea Department;deputy sheriff or jailer;

5 2.

Deputy sheriff or county jailer first hired on or after 6 November 1, 2020, by any county that is a participating member in 7 the Oklahoma Public Employees Retirement System, and who is killed or mortally wounded during the performance of the member’s duties as 9 a deputy sheriff or jailer;

Req.SENATE FLOOR VERSION - SB182 SFLR Page 49 (Bold face denotes Committee Amendments) RBS No.

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2 1.

3 2.

Multiplied by twenty (20) years of service, regardless of the actual number of years of credited service performed by the 5 member prior to death, if the member had performed less than twenty 6 (20) years of credited service, or the actual number of years of 7 credited service of the member if greater than twenty (20) years;

and 9 4.

Req.SENATE FLOOR VERSION - SB182 SFLR Page 50 (Bold face denotes Committee Amendments) RBS No.

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699 Page 50 RBS No.

No surviving spouse shall receive benefits from this 2 section, Section 49-113 of Title 11 of the Oklahoma Statutes, 3 Section 50-117 of Title 11 of the Oklahoma Statutes, or Section 2- 306 of Title 47 of the Oklahoma Statutes as the surviving spouse of 5 more than one member of the Oklahoma Firefighters Pension and 6 Retirement System, the Oklahoma Police Pension and Retirement 7 System, the Oklahoma Law Enforcement Retirement System, or the Oklahoma Public Employees Retirement System.

The surviving spouse 9 of more than one member shall elect which member’s benefits he or she will receive.

Req.SENATE FLOOR VERSION - SB182 SFLR Page 51 (Bold face denotes Committee Amendments) RBS No.

No.699 The benefits shall be payable beginning the later of the first day of the month following the date that such employee was killed or dies from a mortal wound, as provided in this section, or the effective date of this act July 1, 2000.

699G. Page 51 RBS No.

699 The benefitsBoard shallof be payable beginning the laterOklahoma ofPublic theEmployees firstRetirement daySystem 2Board of theTrustees monthshall followingpromulgate the date that such employeerules was killed or 3 dies from a mortal wound, as providedare innecessary thisto section,implement or the effectiveprovisions date of this actsection. July 1, 2000.

5 G.

The Board of the Oklahoma Public Employees Retirement System 6 Board of Trustees shall promulgate such rules as are necessary to 7 implement the provisions of this section.

2021, Section 919.1, as 9 amended by Section 4, Chapter 280, O.S.L.

2024,2025, Section 919.1), is amended to read as follows:

beginning July 1, 1998, and thereafter, and for correctional officers or probation and parole officers who are in such position on June 30, 2004, or who are hired after June 30, 2004, and who receive a promotion or change in job classification after June 30, 2004, Req.SENATE FLOOR VERSION - SB182 SFLR Page 52 (Bold face denotes Committee Amendments) RBS No.

No.699 to another position in the Department of Corrections, so long as such officers have at least five (5) years of service as a correctional officer or probation and parole officer, eight percent (8%) of allowable compensation as provided in paragraph (9) of Section 902 of this title;

699(c) Pagefor 52fugitive RBSapprehension No.agents who are employed with the Department of Corrections on or after July 1, 2002, and for fugitive apprehension agents who are in such position on June 30, 2004, or who are hired after June 30, 2004, and who receive a promotion or change in job classification after June 30, 2004, to another position in the Department of Corrections, so long as such agents have at least five (5) years of service as a fugitive apprehension agent, eight percent (8%) of allowable compensation as provided in paragraph (9) of Section 902 of this title;

699(d) tofor anotherfirefighters positionof in the Oklahoma Military Department of Corrections,the 2State soof longOklahoma asfirst suchemployed officersbeginning haveJuly at1, least2002, fiveand (5)thereafter, yearsand 3such offirefighters who performed service asprior ato correctionalJuly officer1, or2002, probationfor andthe paroleOklahoma officer,Military eightDepartment percentof (8%)the State of allowableOklahoma 5and compensationwho asmake providedthe inelection authorized by division (1) of subparagraph b of paragraph (9) of Sectionsubsection 6A 902 of thisSENATE title;FLOOR VERSION - SB182 SFLR Page 53 (Bold face denotes Committee Amendments) RBS No.

7699 (c)Section for915 fugitiveof apprehensionthis agentstitle who areperform employedservice with the Department of Corrections on or after July 1, 9 2002, and for fugitive apprehension agents who are in such positioncapacity, on June 30, 2004, or who are hired after June 30, 2004, and who receive a promotion or change in job classification after June 30, 2004, to another position in the Department of Corrections, so long as such agents have at least five (5) years of service as a fugitive apprehension agent, eight percent (8%) of allowable compensation as provided in subsection paragraph (9) of Section 902 of this title;

(d)(e) for firefightersall ofpublic thesafety Oklahomaofficers Military Department of the StateGrand ofRiver OklahomaDam firstAuthority employedas beginningdefined Julyby 1,paragraph 2002,(37) and thereafter, and such firefighters who performed service prior to July 1, 2002, for the Oklahoma Military Department of theSection State902 of Oklahomathis andtitle, whoeight makepercent the(8%) electionof authorizedallowable bycompensation divisionas (1)provided ofin subparagraph b of paragraph (9) of subsectionSection A902 of Req.this title;

No.

699 Page 53 RBS No.

699 Section 915 of this title who perform service on or 2 after July 1, 2002, in such capacity, eight percent 3 (8%) of allowable compensation as provided in subsection paragraph (9) of Section 902 of this title;

5 (e) for all public safety officers of the Grand River Dam 6 Authority as defined by paragraph (37) of Section 902 7 of this title, eight percent (8%) of allowable compensation as provided in paragraph (9) of Section 9 902 of this title;

and (g) for all law enforcement agents of the Department of Human Services Office of Inspector General certified by the Council on Law Enforcement Education and Training (CLEET), eight percent (8%) of allowable Req.SENATE FLOOR VERSION - SB182 SFLR Page 54 (Bold face denotes Committee Amendments) RBS No.

No.699 compensation as provided in paragraph (9) of subsection A of Section 915 of this title;

699and Page(h) 54for RBSall No.employees except those who make contributions pursuant to paragraphs (b), (c), (d), (e) and, (f), and (g) of this subsection who make an irrevocable written election pursuant to paragraph (2) of subsection A of Section 915 of this title:

699six compensationand asforty-one providedone-hundredths inpercent paragraph(6.41%) (9) of 2allowable subsectionannual Acompensation. of Section 915 of this title;

and 3 (h) for all employees except those who make contributions pursuant to paragraphs (b), (c), (d), (e) and, (f), 5 and (g) of this subsection who make an irrevocable 6 written election pursuant to paragraph (2) of 7 subsection A of Section 915 of this title:

six and forty-one one-hundredths percent (6.41%) of allowable 9 annual compensation.

(3) Each participating employer shall pick up under the provisions of Section 414(h)(2) of the Internal Revenue Code of 1986, as amended, and pay the contribution which the member is required by law to make to the System for all compensation earned Req.SENATE FLOOR VERSION - SB182 SFLR Page 55 (Bold face denotes Committee Amendments) RBS No.

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699 Page 55 RBS No.

Although the contributions so picked up 2 are designated as member contributions, such contributions shall be 3 treated as contributions being paid by the participating employer in lieu of contributions by the member in determining tax treatment 5 under the Internal Revenue Code of 1986, as amended, and such picked 6 up contributions shall not be includable in the gross income of the 7 member until such amounts are distributed or made available to the member or the beneficiary of the member.

The member, by the terms 9 of this System, shall not have any option to choose to receive the contributions so picked up directly and the picked up contributions must be paid by the participating employer to the System.

(4) By September 1, 1989, the System shall refund the accumulated employee contributions of any member who elects to retain the member’s membership in the Teachers’ Retirement System of Oklahoma, in accordance with Section 17-104 of Title 70 of the Req.SENATE FLOOR VERSION - SB182 SFLR Page 56 (Bold face denotes Committee Amendments) RBS No.

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699 Page 56 RBS No.

Upon the refund of the 2 accumulated employee contributions referred to in this subsection, 3 all benefits and rights accrued to such member are terminated.

2021, Section 935.2, is 5 amended to read as follows:

6 Section 935.2.

The Oklahoma Public Employees Retirement 7 System (System) shall establish a defined contribution system for those persons who first become employed in a full-time equivalent 9 full-time-equivalent position or a position which is less than full- time but more than half-time position and which qualifies for employee benefits, including, but not limited to, health insurance and leave time by any participating employer of the System, as defined by paragraph (25) of Section 902 of this title, on or after November 1, 2015.

The provisions of subsection A of this section and the provisions of this act the Retirement Freedom Act shall not be applicable to employees who are initially employed in the positions described in division (i), (ii), (iii), or (iv), (v), (vi), (vii), or (viii) of subparagraph (d) of paragraph (24) of Section 902 of this title, district attorneys, assistant district attorneys or Req.SENATE FLOOR VERSION - SB182 SFLR Page 57 (Bold face denotes Committee Amendments) RBS No.

No.699 other employees of the district attorney’s office, and any employees of a county, county elected officials, county hospital, city or town, conservation district, circuit engineering district, and any public or private trust in which a county, city or town participates and is the primary beneficiary.

699C. Page 57 RBS No.

699An otheremployee employeesdescribed ofby thesubsection districtA attorney’sof office,this andsection anyshall employeesbecome 2 of a county,participant countyin electedthe officials,defined countycontribution hospital,system cityand orthe 3employee town,shall conservationnot district,accrue circuit engineering district, and any publicservice orcredit private trust in whichthe aOklahoma county,Public cityEmployees orRetirement townSystem participatesas 5established andpursuant isto theSection primary901 beneficiary.et seq.

6 C.

An employee described by subsection A of this section shall 7 become a participant in the defined contribution system and the employee shall not accrue any service credit in the Oklahoma Public 9 Employees Retirement System as established pursuant to Section 901 et seq.

The temporary session employee may participate in the defined contribution system Req.SENATE FLOOR VERSION - SB182 SFLR Page 58 (Bold face denotes Committee Amendments) RBS No.

No.699 during the regular legislative session at the option of the employee.

699Once Pagethe 58temporary RBSsession No.employee makes a choice to participate, the choice shall be binding for all future legislative sessions during which the temporary session employee is employed.

699For duringpurposes of this subparagraph subsection, the determination of whether an employee is employed for the full duration of a regular legislative session atshall thebe optionmade ofby the 2employer. employee.

OnceCOMMITTEE theREPORT temporaryBY: session employee makes a choice to 3 participate, the choice shall be binding for all future legislative sessions during which the temporary session employee is employed.

5COMMITTEE ForON purposesAPPROPRIATIONS ofFebruary this25, subparagraph2026 subsection,- theDO determinationPASS ofSENATE 6FLOOR whetherVERSION an- employeeSB182 isSFLR employedPage for59 the(Bold fullface durationdenotes ofCommittee aAmendments) regular 7 legislative session shall be made by the employer.

8 60-1-699 RD 12/30/2024 1:23:03 PM Req.

No.

699 Page 59