The bill amends Section 914 of the Oklahoma Public Employees Retirement System to modify the post-retirement provisions for members. It establishes that retired court reporters are not eligible for rehire for a period of sixty (60) days after their retirement unless they waive their retirement benefits and return as bona fide employees. This change is aimed at providing clarity on the reemployment of retired court reporters while ensuring that they can still receive their retirement benefits under certain conditions.

Additionally, the bill outlines the responsibilities of participating employers regarding the submission of retirement information and the consequences of failing to meet deadlines or submitting erroneous information. It emphasizes that any errors leading to disqualification of retirement eligibility will be the employer's responsibility, which includes reemploying the member or retaining them on payroll for a maximum of two months to meet eligibility requirements. The bill is set to take effect on November 1, 2025.