Bill
HB 1258
Public retirement systems; Defined Contribution Retirement Plan for Teachers; Teachers' Retirement System of Oklahoma; defined contribution system; participation; election; service accrual; employee contribution amount; salary deductions; employer matching contributions; costs; vesting schedule; Board of Trustees; investment; deposit; defined benefit plan; offsets; qualified domestic orders; term; alternate payees; restrictions; rules; minimum salary schedule; codification; effective date.
2026 Regular Session
Introduced by David Bullard and 1 co-sponsor
HB 1258 creates an optional defined contribution retirement plan for Oklahoma teachers as an alternative to the state's traditional pension system, shifting investment risk to individuals.
Referred to Banking, Financial Services and Pensions