House Bill No. 2288 amends the Teachers' Retirement System of Oklahoma, specifically addressing postretirement employment for retired members. The bill modifies existing provisions regarding earning limitations, allowing retired members to receive earnings without a reduction in their retirement benefits. Notably, it removes the previous requirement that limited earnings for retired members under the age of sixty-two to half of their final average salary or a specified amount, thereby enabling them to earn without restrictions. Additionally, the bill clarifies that retired members employed by public schools to perform duties typically handled by classified or nonclassified personnel can receive annualized earnings without any reduction in retirement benefits.

The bill also stipulates that public school districts employing retired members must contribute to the Teachers' Retirement System on behalf of those members. It establishes that postretirement employment of less than one thousand hours per year with certain state entities will not be considered postretirement employment with a public school. The effective date for these changes is set for July 1, 2025, and an emergency clause is included to ensure the act takes effect immediately upon passage and approval.

Statutes affected:
House Committee Substitute: 62-3103
Floor (House): 62-3103
Engrossed: 62-3103