House Bill No. 1091, introduced by Kelley, amends the Oklahoma Firefighters Pension and Retirement System to enhance benefits and clarify pension provisions for firefighters. The bill includes new definitions and modifies death benefit provisions, ensuring that payments to the estates of deceased firefighters are based on total contributions made, minus any benefits already received. It allows members to refund certain contributions, make repayments for credited service, and purchase military service credit, including provisions for volunteer members. The State Board is authorized to establish rules for these processes, and payments for purchased military service credit must be received before benefits commence.

Additionally, the bill RBH No. 12764 introduces amendments that allow eligible individuals to waive monthly pension payments and clarifies benefits distribution to surviving spouses and children. It modifies the process for members who terminate service before retirement, allowing refunds of contributions and outlining conditions for vested benefits. The bill increases the interest rate on repayments from five percent to ten percent and allows amortized payments over a maximum of sixty months. It also specifies that members can purchase up to five years of military service credit, with payment methods including trustee-to-trustee transfers and payroll deductions. The bill establishes a maximum limit of thirty years of credited service and mandates the State Board to adopt rules for computing purchase prices, reinforcing the financial integrity of the pension system. An emergency clause is included to ensure immediate effect upon passage.