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Oklahoma House Bill 1986 authorizes a two percent cost-of-living benefit increase for state public retirement system members

Original title: Public retirement systems; cost-of-living increases; Oklahoma Firefighters Pension and Retirement System; Oklahoma Police Pension and Retirement System; Uniform Retirement System for Justices and Judges; Oklahoma Law Enforcement Retirement System; Teachers' Retirement System of Oklahoma; Oklahoma Public Employees Retirement System; codification; effective date.

Last action · February 4, 2025: Referred to Banking, Financial Services and Pensions

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Proposed

Oklahoma House Bill 1986 grants a two percent cost-of-living increase in retirement benefits effective July 1, 2025, for eligible members across six state public retirement systems who were receiving benefits as of June 30, 2025. The measure applies to members of the Oklahoma Firefighters Pension and Retirement System, Oklahoma Police Pension and Retirement System, Uniform Retirement System for Justices and Judges, Oklahoma Law Enforcement Retirement System, Teachers' Retirement System of Oklahoma, and Oklahoma Public Employees Retirement System.

Why it matters

Retired public servants and judges across Oklahoma receive a two percent boost to their monthly pension or retirement payments, contingent upon eligibility criteria and offsets specified for each system.

Background
  • House Bill 1986 was introduced in the 1st Session of the 60th Oklahoma Legislature by Representative Ranson. context
  • State-administered public retirement systems in Oklahoma regularly evaluate cost-of-living adjustments for retired public servants, judges, educators, and public safety personnel. context

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Oklahoma Firefighters Pension and Retirement System members

Eligible retired firefighters receive a two percent benefit increase as of July 1, 2025.

Directly affected

Oklahoma Police Pension and Retirement System members

Eligible retired police officers receive a two percent benefit increase as of July 1, 2025.

Directly affected

Uniform Retirement System for Justices and Judges members

Eligible retired justices and judges receive a two percent benefit increase as of July 1, 2025.

Directly affected

Oklahoma Law Enforcement Retirement System members

Eligible retired law enforcement personnel receive a two percent benefit increase as of July 1, 2025.

Directly affected

Teachers' Retirement System of Oklahoma members

Eligible retired educators and school personnel receive a two percent benefit increase.

Directly affected

Oklahoma Public Employees Retirement System members

Eligible retired public employees receive a two percent benefit increase as of July 1, 2025.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Who is eligible for the 2% benefit increase under House Bill 1986?
Members receiving benefits from any of the six specified state retirement systems as of June 30, 2025, who continue to receive benefits on or after July 1, 2025, are eligible.
Which retirement systems are included in this bill?
The bill covers the Oklahoma Firefighters Pension and Retirement System, Oklahoma Police Pension and Retirement System, Uniform Retirement System for Justices and Judges, Oklahoma Law Enforcement Retirement System, Teachers' Retirement System of Oklahoma, and the Oklahoma Public Employees Retirement System.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

This bill did not become law - Died at adjournment · in House committee.

Procedural history

4 actions
  1. Feb 4, 2025HouseCommittee
    Referred to Banking, Financial Services and Pensions
  2. Feb 4, 2025HouseCommittee
    Second Reading referred to Government Oversight
  3. Feb 3, 2025House
    Authored by Representative Ranson
  4. Feb 3, 2025HouseIntroduced
    First Reading

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Connected Entities

Oklahoma Law Enforcement Retirement System, Ranson, Oklahoma Police Pension and Retirement System and 7 more
OrganizationOklahoma Law Enforcement Retirement System“State retirement system covered by the bill”Map →
PersonRanson“Representative who introduced House Bill 1986”Map →
OrganizationOklahoma Police Pension and Retirement System“State pension system covered by the bill”Map →
OrganizationOklahoma Public Employees Retirement System“State pension system covered by the bill”Map →
OrganizationOklahoma Firefighters Pension and Retirement System“State pension system covered by the bill”Map →
OrganizationTeachers' Retirement System of Oklahoma“State retirement system covered by the bill”Map →
PersonThomas E. Cummins“Actuary signing the fiscal note”Map →
OrganizationAmerican Academy of Actuaries“Professional association of actuaries”Map →
OrganizationUniform Retirement System for Justices and Judges“State retirement system covered by the bill”Map →
OrganizationThomas E. Cummins Consulting Actuary, Inc.“Actuarial firm providing the fiscal note”Map →

Sources

Open source document

www.oklegislature.gov

Analysis Score

0–100
  • Significance20
    Lowered because this bill did not pass (its text scored 75)
  • Controversy20
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz30
    Current news / social attention level

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