Oklahoma HB3225 terminates the defined contribution plan for public employees and transitions them to a defined benefit plan.
Oklahoma HB3225 amends the Oklahoma Public Employees Retirement System by terminating the existing defined contribution plan for public employees. Former participants of the defined contribution plan will become participants in the defined benefit plan. The bill outlines the process for converting account balances into service credits in the defined benefit plan using actuarial factors approved by the board of trustees. Effective November 1, 2026, employees will cease making contributions to the defined contribution plan and begin participating in the defined benefit plan.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.