Teachers' Retirement System of Oklahoma; providing for benefits increase.

SB 11 would increase retirement benefits by 5% for retired Oklahoma teachers who were receiving payments from the Teachers' Retirement System as of June 30, 2025. The benefit increase applies to those who continue receiving payments after the bill's effective date. This change does not alter eligibility rules for the retirement system but mandates a specific automatic adjustment for qualifying current retirees. The policy affects existing retirees meeting the June 30, 2025 eligibility date, with no impact on new retirees or system funding mechanisms.