Militia; creating the Oklahoma National Guard Supplemental Retirement Pay Revolving Fund; applicability; eligibility; payment amounts; effective date.

Also relevant to:Senior (65+, Medicare/SS)

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Plain-English Summary

This bill creates the Oklahoma National Guard Supplemental Retirement Pay Revolving Fund to provide payments to eligible Oklahoma National Guard members. These payments would go to members who have enough service credit to retire but have not yet reached the age to receive full federal retirement benefits. Payments would begin on November 1, 2027, and would stop once a member starts receiving federal retirement benefits.

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