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SB 1149

Public retirement systems; directing the Oklahoma Firefighters Pension and Retirement Board and Oklahoma Police Pension and Retirement Board to issue certain stipend. Effective dates.

2026 Regular Session Introduced by Trey Caldwell

The bill provides a one-time $25,000 stipend to current beneficiaries who qualify as “tweeners” in the Oklahoma Firefighters and Police Pension Systems.

Becomes law without Governor's signature 04/23/2026
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WeVote Research Nonpartisan
Bill Summary · SB 1149

Summary of SB 1149 (2026) – Oklahoma

A committee substitute bill that would provide one-time stipend payments to certain long-ago “tweener” members of Oklahoma’s public retirement systems, specifically targeting the Oklahoma Firefighters Pension and Retirement System and the Oklahoma Police Pension and Retirement System. The bill also includes definitional updates related to the Oklahoma Pension Legislation Actuarial Analysis Act.

1) Purpose and Intent

  • The core purpose is to acknowledge and compensate a defined group of former retirees (“tweeners”) who, due to historical eligibility rules, did not receive certain benefits or participate in prior options, despite having ongoing benefits.
  • The bill creates a mechanism to issue a one-time stipend of $25,000 to each eligible tweener currently receiving benefits as of October 31, 2026.
  • The stipend is intended to be in addition to any other benefits those individuals are already eligible to receive.

2) Key Provisions and Changes

  • Section 49-144 (Firefighters)

    • Defines “tweener” for the Firefighters Pension and Retirement System: individuals who (a) receive benefits under Section 49-106, (b) were not retired and lacked 20 years of credited service as of May 26, 1983, and (c) retired before November 1, 1989.
    • Provides a one-time $25,000 stipend to any tweener receiving benefits as of October 31, 2026, in addition to other eligible benefits.

  • Section 50-137 (Police)

    • Defines “tweener” for the Police Pension and Retirement System: individuals who (a) receive benefits, (b) were not retired and lacked 20 years of credited service as of May 26, 1983, and (c) retired before June 30, 1990.
    • Provides a one-time $25,000 stipend to any tweener receiving benefits as of October 31, 2026, in addition to other eligible benefits.

  • Section 62 O.S. 2021, Section 3103 (Pension Legislation Actuarial Analysis Act)

    • Updates definitions and terminology related to amendments, RB numbers, Legislative Actuary, nonfiscal amendments, and retirement bills.
    • Clarifies parameters for how retirement bills are classified and analyzed, including a framework for when amendments have fiscal impact and how stipend provisions would be treated in actuarial analyses.

  • Effective Dates

    • Sections establishing the new tweener stipends (Sections 1 and 2) become effective November 1, 2026.
    • The general amendments to the actuarial analysis definitions (Section 3) become effective October 1, 2026.

3) Who Would Be Affected

  • Beneficiaries:
    • Current recipients of benefits from the Oklahoma Firefighters Pension and Retirement System who are “tweeners” as defined (not retired by 1983 eligibility standards, retired before 1989, with less than 20 years by that date), who remain as of October 31, 2026.
    • Current recipients of benefits from the Oklahoma Police Pension and Retirement System who are “tweeners” as defined (not retired by 1983 standards, retired before 1990, with less than 20 years by that date), who remain as of October 31, 2026.
  • Administrative bodies:
    • The Oklahoma Firefighters Pension and Retirement Board and the Oklahoma Police Pension and Retirement Board would be responsible for issuing the $25,000 stipends.

4) Procedural and Timeline Aspects

  • Legislative analysis and drafting follow the Oklahoma Pension Legislation Actuarial Analysis Act framework.
  • Effective dates are set for October 1, 2026 (actuarial definitions) and November 1, 2026 (new stipends operative).
  • The bill requires a direct appropriation mechanism to fund the stipends (the text indicates a one-time payment but does not specify funding sources beyond the statutory authorization).

Notes

  • The bill preserves the stipends as incremental, non-permanent payments that supplement existing benefits.
  • It does not alter ongoing benefit calculations or retirement dates for the affected groups beyond the one-time payment.

Compiled from official sources — confirm details with the bill’s official record.

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