Veterans

HB 2136 creates a special revolving fund in the Oklahoma State Treasury to provide supplemental retirement pay to qualifying Oklahoma National Guard members. It directly affects members with 25+ years of service who retired from the National Guard but were ineligible for full federal retirement benefits due to age before the bill's effective date. The fund calculates payments based on what members would have received at full retirement age plus annual cost-of-living adjustments, paid monthly until they begin receiving federal benefits. Payments stop once federal benefits start, and the fund becomes operational on November 1, 2027. The bill does not apply to those retiring with active-duty military pensions.