This bill proposes an increase in benefits for certain members of the Oklahoma Police Pension and Retirement System. Specifically, it stipulates that any individual receiving benefits as of June 30, 2025, who has been retired for five years or more, will receive a two percent increase in their benefits, effective from the date of the bill's enactment.

However, there is an exception for members who joined the system prior to January 1, 1981. For these individuals, any increase in benefits they are eligible to receive 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.