The bill, designated as RBH No. 11069, proposes a cost-of-living increase for members of various Oklahoma public retirement systems, including the Oklahoma Firefighters Pension and Retirement System, the Oklahoma Police Pension and Retirement System, and others. Effective July 1, 2025, members receiving benefits as of June 30, 2025, will receive an increase of eight percent (8%) if their gross retirement benefit is less than $90,000. For those with benefits between $90,000 and $97,199.99, the increase will be adjusted to ensure their total benefit equals $97,200. Additionally, any increases eligible under previously repealed sections of the law will be used to offset these new benefits.

The bill also specifies that the increases apply uniformly across the various retirement systems, including the Uniform Retirement System for Justices and Judges, the Oklahoma Law Enforcement Retirement System, the Teachers' Retirement System of Oklahoma, and the Oklahoma Public Employees Retirement System. The legislation aims to provide financial relief to retired members, ensuring that their benefits keep pace with inflation and cost-of-living changes. The act is set to take effect on November 1, 2025.