The bill, designated as RBH No. 11432, amends the Oklahoma Public Employees Retirement System to permit retired district attorneys and assistant district attorneys to engage in postretirement employment with a district attorney's office after a waiting period of sixty calendar days from their last day of preretirement employment. This legislation establishes specific limitations on their earnings while receiving retirement benefits. For retirees under the age of sixty-two, the earnings cap is set at the lesser of $25,000 or half of their final average salary used for retirement calculations. For those aged sixty-two and older, the cap is $30,000 or half of their final average salary.

Additionally, the bill outlines that any earnings exceeding these limits will result in a reduction of future retirement benefits, specifically a dollar-for-dollar reduction for each dollar earned over the maximum allowed. The bill also includes provisions for automatic adjustments to the earnings limits based on the Social Security Administration's determinations. The effective date for this legislation is set for November 1, 2025.