Oklahoma Public Employees Retirement System; modifying separation period for retired member prior to reemployment. Effective date.

SB 134 amends Oklahoma's Public Employees Retirement System law to modify the separation period required for retired members before reemployment. The bill requires retirees returning to work for a participating employer to make new retirement contributions, with benefits recalculated based on the additional service period. This directly affects retired state and local government employees who seek reemployment in public sector roles. The amendment updates statutory language but does not specify the new separation period in the provided text.