OklahomaSB 434Oklahoma 2026 Regular SessionSenateWALLET

County employees' retirement systems; increasing maximum amount of total employer and employee contributions. Effective date. Emergency.

Sponsored By: Dave Rader (Republican)

Became Law

Senate Committee

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Higher retirement contribution cap for county employees

Beginning July 1, 2025, Oklahoma county retirement systems can receive higher combined employer and employee contributions. The cap rises from 18.5% to 22% of each member’s monthly pay and stays at 22% afterward. The retirement committee can divide required contributions between employers and employees, so the law sets no specific payroll deduction increase. Counties must budget at least as much as employees contribute, subject to county excise board approval. County funding is capped at 22% of covered employees’ current annual salaries. Payments require verified claims from the fund treasurer, trustee approval, and confirmation by the trustees’ clerk. The law also removes employers’ option to raise July 2021–June 2022 contributions retroactively to 18.5%.

Sponsors & Cosponsors

Sponsor

  • Dave Rader

    Republican • Senate

Cosponsors

  • Mark Tedford

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 196 • No: 11

Senate vote • 5/13/2025

FOURTH READING

Yes: 39 • No: 4

House vote • 5/6/2025

THIRD READING

Yes: 88 • No: 0

House vote • 4/15/2025

DO PASS

Yes: 15 • No: 0

House vote • 4/8/2025

DO PASS

Yes: 9 • No: 0

Senate vote • 3/26/2025

THIRD READING

Yes: 40 • No: 5

Senate vote • 2/25/2025

Committee vote: Retirement & Government Resources

Yes: 5 • No: 2

Actions Timeline

  1. Becomes law without Governor's signature 05/21/2025

    5/21/2025Senate
  2. Sent to Governor

    5/14/2025Senate
  3. Signed, returned to Senate

    5/14/2025House
  4. Enrolled, to House

    5/14/2025Senate
  5. Referred for enrollment

    5/13/2025Senate
  6. Measure and Emergency passed: Ayes: 39 Nays: 4

    5/13/2025Senate
  7. HAs adopted

    5/13/2025Senate
  8. HAs read

    5/7/2025Senate
  9. Engrossed, signed, to Senate

    5/7/2025House
  10. Referred for engrossment

    5/6/2025House
  11. Third Reading, Measure and Emergency passed: Ayes: 88 Nays: 0

    5/6/2025House
  12. General Order

    5/6/2025House
  13. Title restored

    4/16/2025House
  14. CR; Do Pass, amended by committee substitute Government Oversight Committee

    4/16/2025House
  15. Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions

    4/8/2025House
  16. Referred to Banking, Financial Services and Pensions

    4/1/2025House
  17. Second Reading referred to Government Oversight

    4/1/2025House
  18. First Reading

    3/27/2025House
  19. Engrossed to House

    3/27/2025Senate
  20. Referred for engrossment

    3/26/2025Senate
  21. Measure and Emergency passed: Ayes: 40 Nays: 5

    3/26/2025Senate
  22. General Order, Considered

    3/26/2025Senate
  23. Placed on General Order

    2/27/2025Senate
  24. Title stricken

    2/25/2025Senate
  25. Reported Do Pass as amended Retirement and Government Resources committee; CR filed

    2/25/2025Senate

Bill Text

  • Enrolled (final version)

    5/14/2025

  • Amended And Engrossed

    5/7/2025

  • Floor (House)

    4/21/2025

  • House Committee Report

    4/16/2025

  • House Committee Substitute for Senate Bill

    4/16/2025

  • House Policy Committee Report

    4/8/2025

  • Engrossed

    3/27/2025

  • Floor (Senate)

    2/26/2025

  • Senate Committee Report

    2/25/2025

  • Introduced

    1/7/2025

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