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 consistency in legal terminology. Additionally, it clarifies that municipalities must deduct and deposit these contributions in a timely manner, with penalties for late payments.

Furthermore, the bill stipulates that municipalities failing to comply with these contribution requirements will not receive their share of the motor fuel excise tax from the Oklahoma Tax Commission. It also allows municipalities to exceed the required contribution amounts and states that the provisions of this bill will take precedence over any conflicting city charter provisions. The act is set to take effect on July 1, 2025, and includes an emergency clause for immediate implementation upon passage and approval.