This bill proposes an increase in benefits for individuals receiving payments from the Oklahoma Police Pension and Retirement System. Specifically, it stipulates that any person who is receiving benefits as of June 30, 2025, and continues to do so after the bill's effective date, will receive a five percent (5%) increase in their benefits.

However, there is an exception for members who joined the system prior to January 1, 1981. For these individuals, any increase in their pension will be adjusted based on changes to the base salary of regular police officers, meaning that their benefit increase may be offset by any adjustments made to their pension related to salary changes. This bill aims to codify these provisions into the Oklahoma Statutes as Section 50-136.10 of Title 11.