This bill amends the Oklahoma Firefighters Pension and Retirement System by updating the contribution requirements for municipalities with paid fire department members. Specifically, it increases the employer contribution rate to sixteen percent (16%) of the total actual paid gross salaries of fire department members, effective July 1, 2025. The bill also modifies the language regarding member contributions, changing the term "picked up" to "picked-up" in several instances to ensure clarity in the treatment of these contributions for tax purposes.

Additionally, the bill stipulates that municipalities failing to comply with the contribution requirements will not receive their share of the motor fuel excise tax from the Oklahoma Tax Commission. It also includes provisions for volunteer fire department members, requiring a yearly contribution of sixty dollars ($60.00) per volunteer, with adjustments based on actuarial studies. The act is set to take effect on July 1, 2025, and declares an emergency for its immediate implementation upon passage and approval.