This bill amends Section 840-2.18 of Title 74 of the Oklahoma Statutes, which pertains to longevity pay for state employees. The legislation increases the longevity pay amounts for various years of service, with specific increases noted for each range of service years. For example, the payment for employees with at least 2 years but less than 4 years of service is raised from $250 to $375, and the payment for those with at least 20 years of service is increased from $2,000 to $3,000. Additionally, the bill introduces a new payment structure for employees who serve beyond 20 years, increasing the additional payment from $200 to $300 for every two years of service thereafter.

The bill also updates statutory language and references, clarifying eligibility criteria for longevity pay, including provisions for part-time employees and those with breaks in service. It specifies that employees terminated due to a reduction-in-force or retirement will receive a proportionate share of any accrued longevity payment. The effective date for these changes is set for July 1, 2026.