This bill amends the Oklahoma Firefighters Pension and Retirement System by increasing employer contributions to the system and updating statutory language. Specifically, it modifies Section 49-122 of Title 11 of the Oklahoma Statutes to establish that beginning on July 1, 2025, municipalities will be required to contribute sixteen percent (16%) of the total actual paid gross salaries of their fire department members. The bill also clarifies the treatment of member contributions, ensuring that contributions picked-up by municipalities are treated as contributions made by the municipality rather than the member, and specifies that these contributions must be deducted from the member's salary.

Additionally, the bill includes provisions that municipalities failing to comply with the contribution requirements will not be entitled to their share of the motor fuel excise tax received through the Oklahoma Tax Commission. The act is set to take effect on July 1, 2025, and declares an emergency for its immediate implementation upon passage and approval.