Oklahoma · 2026 Regular Session · Bill

HB 1258: Public retirement systems; Defined Contribution Retirement Plan for Teachers; Teachers' Retirement System of Oklahoma; defined contribution system; participation; election; service accrual; employee contribution amount; salary deductions; employer matching contributions; costs; vesting schedule; Board of Trustees; investment; deposit; defined benefit plan; offsets; qualified domestic orders; term; alternate payees; restrictions; rules; minimum salary schedule; codification; effective date.

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

Plain-language summary

HB 1258 is a bill introduced in the Oklahoma House on February 3, 2025. According to its official title, it concerns: Public retirement systems; Defined Contribution Retirement Plan for Teachers; Teachers' Retirement System of Oklahoma; defined contribution system; participation; election; service accrual; employee contribution amount; salary deductions; employer matching contributions; costs; vesting schedule; Board of Trustees; investment; deposit; defined benefit plan; offsets; qualified domestic orders; term; alternate payees; restrictions; rules; minimum salary schedule; codification; effective date. Primary sponsor: Neil Hays (Republican), David Bullard (Republican). Most recent recorded action (February 4, 2025): Referred to Banking, Financial Services and Pensions.

Sponsors

Primary sponsors: Neil Hays (Republican); David Bullard (Republican).