The bill, known as the "Retirement Act of 2025," establishes a new section of law that is not intended to be codified in the Oklahoma Statutes. It serves as a framework for future retirement-related legislation, although specific provisions or details regarding retirement policies are not included in this bill.
The act is set to take effect on November 1, 2025, marking a significant date for the implementation of its provisions. As a shell bill, it does not contain any fiscal implications or detailed regulations at this time, but it lays the groundwork for potential future developments in retirement legislation in Oklahoma.