House Bill No. 1091, introduced by Kelley, amends the Oklahoma Firefighters Pension and Retirement System to enhance benefits and clarify provisions related to firefighter pensions. Key changes include the definition of "Contributions," which now explicitly excludes payments for repurchasing credited service, transferring credited service from other retirement systems, or purchasing military service credit. The bill also modifies death benefit provisions, ensuring that if a firefighter dies without a surviving beneficiary, their estate will receive a payment equal to the total contributions made by the employee, minus any benefits already paid. Additionally, the bill allows members to purchase transferred credited services and military service credit, establishing limitations and requirements for such purchases, and mandates the State Board to create rules to facilitate these changes.
The bill RBH No. 12764 further addresses the distribution of pension benefits to surviving spouses and children of deceased firefighters, allowing eligible individuals to waive monthly payments and outlining conditions for benefit receipt. It modifies the process for members who terminate service before their normal retirement date, allowing refunds of contributions, and introduces provisions for purchasing credited service from other retirement systems. Members must be active and have a minimum of thirty months of service to establish a salary history for the computation of the purchase price. The bill also specifies that members can purchase up to five years of military service credit, with payment methods including trustee-to-trustee transfers and direct rollovers, while establishing a maximum limit of thirty years of credited service under the System. The bill is declared an emergency measure, taking effect immediately upon passage to ensure the preservation of public peace, health, or safety.