This bill proposes an increase in benefits for individuals receiving payments from the Teachers Retirement System of Oklahoma. Specifically, it stipulates that any person who is receiving benefits as of June 30, 2025, and continues to receive those benefits after the effective date of the act, will receive a five percent (5%) increase in their benefits.

The new legal language will be codified as Section 17-116.23 of Title 70 in the Oklahoma Statutes. This act aims to enhance the financial support for retired teachers in Oklahoma, ensuring that their benefits are adjusted to provide additional assistance.