Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
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2 1st Session of the 60th Legislature (2025)
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3 SENATE BILL 434 By: Rader
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6 AS INTRODUCED
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7 An Act relating to county employees' retirement
7 systems; amending 19 O.S. 2021, Section 954, as
8 amended by Section 1, Chapter 25, O.S.L. 2022 (19
8 O.S. Supp. 2024, Section 954), which relates to
9 maximum contributions; increasing maximum amount of
9 total employer and employee contributions; providing
10 an effective date; and declaring an emergency.
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1 3 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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14 SECTION 1. AMENDATORY 19 O.S. 2021, Section 954, as
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1 5 amended by Section 1, Chapter 25, O.S.L. 2022 (19 O.S. Supp. 2024,
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1 6 Section 954), is amended to read as follows:
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17 Section 954. It shall be the mandatory duty of the board of
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1 8 county commissioners of any county establishing a retirement fund
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1 9 and system to appropriate annually, for the sole use of the
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2 0 retirement fund within its general fund and subject to the approval
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2 1 of the county excise board, a sum which shall be equal to or exceed
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2 2 the contributions made to the retirement fund by the employees.
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2 3 Such appropriation shall not exceed the sum of the current annual
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Req. No. 72 Page 1
1 salaries of all employees to be covered in the following
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2 percentages:
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3 July 1, 2007 � June 30, 2008 13 1/2%
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4 July 1, 2008 � June 30, 2009 14 1/2%
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5 July 1, 2009 � June 30, 2010 15 1/2%
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6 July 1, 2010 � June 30, 2019 16 1/2%
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7 July 1, 2019 - June 30, 2020
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8 and each year thereafter June
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9 30, 2025 18 1/2%
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10 July 1, 2025 - June 30, 2026
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11 and each year thereafter 22%
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12 Beginning July 1, 2019 July 1, 2025, the total employer and
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1 3 employee contributions shall not exceed eighteen and one-half
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1 4 percent (18.5%) twenty-two percent (22%) of the monthly compensation
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1 5 of each member. The governing body of the participating employers
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1 6 listed in this section may vary the percentage contribution of the
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1 7 employer and employee, provided the total percentage contributed by
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1 8 the employer and employee equals the total percentage contribution
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1 9 required by this section. Payment of such shall be paid to the fund
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2 0 upon verified claims by the treasurer of the fund approved by the
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2 1 board of trustees and attested by its clerk. For any contribution
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2 2 made on or after July 1, 2021, to June 30, 2022, of less than
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2 3 eighteen and one-half percent (18.5%), an employer may retroactively
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2 4 make a one-time lump sum contribution of an amount equal to the
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Req. No. 72 Page 2
1 difference between the actual total contribution that was made and
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2 the total contribution amount equal to eighteen and one-half percent
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3 (18.5%).
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4 SECTION 2. This act shall become effective July 1, 2025.
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5 SECTION 3. It being immediately necessary for the preservation
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6 of the public peace, health or safety, an emergency is hereby
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7 declared to exist, by reason whereof this act shall take effect and
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8 be in full force from and after its passage and approval.
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10 60-1-72 RD 1/14/2025 3:51:23 PM
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Req. No. 72 Page 3Every fact on this page links to its source, starting with the official bill record.