Oklahoma HB4225 allows retirement plan participants to control their individual account investments independently.
Oklahoma HB4225 amends the state's retirement system to give participants the option to exercise independent control over their individual account investments. This includes the ability to invest in assets outside of the plan. The bill specifies that the Board of Trustees will contract with business entities to manage the new defined contribution system, with a process similar to other service providers. The changes will take effect on November 1, 2026.
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