The bill amends the Oklahoma Law Enforcement Retirement System by adjusting both employer and employee contribution rates, with employer contributions set to increase from 12.5% to 16.5% over five years starting July 1, 2025, and employee contributions rising from 8% to 9%. It also revises the calculation of retirement benefits for members who have completed twenty years of service, allowing certain members to base their benefits on the top base salary of specific positions within their agencies. Additionally, the bill expands eligibility for benefits to include members who die in the line of duty and introduces new positions, such as Attorney General Agents and Military Department Police Officers, into the retirement benefits calculations.

Moreover, the bill outlines changes to disability benefits, stipulating that they will be provided for the member's lifetime unless they are found no longer disabled. It introduces a requirement for members to file their disability benefits application before their termination date and to submit any additional required information within six months. Failure to meet these conditions will limit members to other available benefits instead of disability benefits. The bill also includes provisions for the direct payment of health insurance premiums from disability or retirement benefits and emphasizes the need for immediate implementation through an emergency clause.