SB 434: County employees' retirement systems; increasing maximum amount of total employer and employee contributions. Effective date. Emergency. - Oklahoma

Floor (House) → Floor (Senate) · 3 edits

MINOR

This bill was converted from a House version to a Senate version with substantive changes to retirement contribution percentages and dates. The most significant change is the introduction of a new contribution rate schedule that increases from 13.5% in 2007 to 22% starting July 1, 2025, replacing the previous flat rate structure. The Senate version also clarifies the effective date and adds specific language about retroactive contributions for the 2021-2022 period.

Scope change

The bill's scope remains focused on county employee retirement systems, but the financial obligations and contribution requirements have been significantly modified with new percentage tiers and an updated effective date of July 1, 2025.

FISCAL

Retirement contribution percentages were restructured with a new tiered schedule ranging from 13.5% to 22% based on specific time periods, with the highest rate of 22% taking effect July 1, 2025.

TIMELINE

The effective date was changed to July 1, 2025, and a new provision was added allowing employers to make retroactive lump-sum contributions for the 2021-2022 period if contributions fell below 18.5%.

TECHNICAL

The document format was updated from House Floor Version to Senate Floor Version with corresponding changes to committee report sections and page headers.

House Committee Substitute for Senate Bill → Floor (House) · 4 edits

MODERATE

This bill version was updated from a committee substitute to the House floor version, primarily changing formatting and page headers while retaining the same substantive retirement contribution rules. The core policy changes remain focused on increasing maximum retirement contributions for county employees, though the specific percentage increases are already established in the text.

TECHNICAL

Page headers and document identifiers were updated to reflect House floor version (SB434 HFLR) instead of committee substitute (Req. No. 13525)

Document title changed from 'STATE OF OKLAHOMA' to 'HOUSE OF REPRESENTATIVES - FLOOR VERSION' at the top of the document

Committee report date changed from April 15, 2025 to April 16, 2025

Formatting adjustments to spacing and alignment throughout the document, particularly in the contribution percentage tables

Enrolled (final version) → House Committee Substitute for Senate Bill · 5 edits

MODERATE

The bill was converted from an enrolled Senate version to a House Committee Substitute version, primarily changing the formatting and adding page headers/footers. The substantive policy content regarding retirement contribution percentages and effective dates remains unchanged. This is a procedural revision rather than a policy change.

Scope change

No substantive change to the bill's scope or applicability; only formatting and procedural markup differences

TECHNICAL

Added page headers and footers with page numbers and tracking information (Req. No. 13525, dates, and page references)

Changed bill title from 'ENROLLED SENATE' to 'COMMITTEE SUBSTITUTE FOR ENGROSSED SENATE BILL'

Reformatted bill text with line numbers and adjusted spacing throughout the document

Removed original enrolled bill signatures and approval sections from the Senate and House

Added House Committee Substitute designation and tracking metadata at the top of the document

Engrossed → Enrolled (final version) · 3 edits · May 14, 2025

MINOR

This bill transitions from an engrossed draft to its final enrolled version, adding official signatures and dates from the Senate, House, and Governor. The substantive policy content regarding retirement contribution percentages and effective dates remains unchanged between versions, with only formatting and procedural elements added for final passage.

TECHNICAL

Added official enrolled formatting including Act title, subject line, and signature blocks for Senate, House, and Governor approval

Changed header from 'ENGROSSED SENATE' to 'ENROLLED SENATE' indicating final legislative approval

TIMELINE

Added specific passage dates showing Senate approval on May 13, 2025, House approval on May 6, 2025, and Governor signature fields

Amended And Engrossed → Engrossed · 2 edits · May 13, 2025

MINOR

This amendment renumbers and restructures the bill's sections to align with the Senate version, changing section numbers from 4-6 to 1-3. The substantive policy content regarding retirement contribution percentages and effective dates remains unchanged.

TECHNICAL

Section numbers were renumbered from 4, 5, and 6 to 1, 2, and 3 to match the Senate bill's structure.

Page numbering and formatting were adjusted to reflect the Senate version's layout.

Introduced → Amended And Engrossed · 3 edits · May 13, 2025

MINOR

The bill was amended to restructure its sections and update the effective date from July 1, 2025 to July 1, 2025 (no change in date, but reorganized). The main substantive change is the addition of a retroactive contribution provision allowing employers to make one-time lump sum payments for contributions made between July 1, 2021 and June 30, 2022 that were below the required 18.5% threshold. The bill also clarifies the contribution percentage schedule and maintains the 22% maximum contribution rate starting July 1, 2025.

Scope change

The bill's scope remains focused on county employees' retirement systems, but the amendment adds a new provision for retroactive contributions to help employers catch up on underpaid contributions from the 2021-2022 period.

FISCAL

Added a new provision allowing employers to make one-time retroactive lump sum contributions for any contributions made between July 1, 2021 and June 30, 2022 that were less than 18.5% of employee compensation.

TIMELINE

Reorganized the bill's structure by adding new section numbers (Sections 4, 5, and 6) while maintaining the same substantive content about contribution percentages and effective dates.

TECHNICAL

Changed the bill title from 'Introduced' to 'Engrossed House Amendment' and updated page numbering and formatting to reflect the legislative process from House to Senate.

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

What changed between versions

How they voted

Actions timeline

Sponsors