Public retirement systems; Pension Reform Act of 2025; effective date.

HB 1463, titled the "Pension Reform Act of 2025," is a procedural bill that establishes the act's name and sets its effective date. It does not describe substantive changes to pension systems but formally names the legislation and specifies November 1, 2025, as the implementation date. The bill directly affects Oklahoma's public retirement systems by designating this specific legislative action. As a non-codified act, it serves as a procedural step rather than enacting policy changes. The bill is currently in early legislative stages, having been introduced and referred to committee in February 2025.