Bill > SB432

This bill modifies the Oklahoma Firefighters Pension and Retirement System by establishing a new monthly pension amount for volunteer firefighters who retire on or after the bill's effective date, setting it at $10.00 for each year of credited service, up to a maximum of 30 years, while those who retired before this date will continue to receive their current pension amount based on their years of service. Additionally, the bill clarifies the definition of a "paid firefighter" within the system by adjusting the threshold for annual compensation received for firefighting services, excluding expense reimbursements exceeding $9,939.69, which will now be considered as paid firefighter service and require meeting specific physical and agility requirements to remain an active member.

Budget and Finance, Labor and Employment

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb432&Session=2600