This bill proposes an increase in benefits for individuals receiving payments from the Teachers Retirement System of Oklahoma as of June 30, 2025. It establishes a new section in the Oklahoma Statutes, specifically Section 17-116.23 of Title 70, which outlines the criteria for the benefit increase based on the duration of retirement. The proposed increases are structured as follows: a 0% increase for those retired for less than two years, a 2% increase for those retired for at least two years but less than five years, and a 4% increase for retirees who have been retired for five years or more.

The bill aims to provide financial support to retired teachers, recognizing their years of service and the need for adjusted benefits over time. By codifying these changes, the legislation seeks to ensure that retirees receive appropriate compensation that reflects their tenure in the education system.