This bill proposes an increase in benefits for individuals receiving payments from the Oklahoma Police Pension and Retirement System, effective from June 30, 2025. Specifically, it stipulates that these beneficiaries will receive a five percent (5%) increase in their benefits, provided they continue to receive benefits after the bill's effective date.

However, there is an exception outlined in subsection B for members who joined the system prior to January 1, 1981. For these individuals, any increase in benefits they are eligible for after July 1, 2020, will be offset by any adjustments made to their pension based on changes to the base salary of regular police officers. This ensures that the benefits increase does not result in an overall gain for those members whose pensions are tied to salary fluctuations.