The bill amends the Oklahoma Pension Actuarial Analysis Act and the Oklahoma Law Enforcement Retirement System by updating the definition of "nonfiscal retirement bill" and introducing a new category for membership in the Oklahoma Law Enforcement Retirement System. This new category allows active commissioned or CLEET-certified officers hired by the Office of the State Fire Marshal to participate in the retirement system, thereby expanding eligibility for new law enforcement employees. The bill also clarifies various terms related to retirement legislation and ensures that amendments to retirement bills do not impact the fiscal responsibilities of the retirement system.

Furthermore, the bill specifies that commissioned or CLEET-certified officers of the Office of the State Fire Marshal, hired on or after November 1, 2025, will be required to contribute to the Oklahoma Law Enforcement Retirement System while being restricted from contributing to other plans offered by the Oklahoma Public Employees Retirement System, with exceptions for certain deferred compensation plans. The definition of "Noneligible Member" is also amended to include these new officers. The effective dates for the provisions are set for October 1, 2025, and November 1, 2025, ensuring that newly hired officers are integrated into the retirement framework, enhancing their benefits and retirement security.

Statutes affected:
Introduced: 62-3103