Senate Bill No. 716 amends the Oklahoma Police Pension and Retirement System's employer contribution requirements. The bill updates the minimum contribution rate for municipalities participating in the system, increasing it from fourteen percent (14%) to sixteen percent (16%) of the actual paid base salary of each member, effective July 1, 2025. This change is part of a scheduled increase that has been outlined in previous amendments, which gradually raised the contribution rate over the years.

Additionally, the bill specifies that the appropriated funds must be paid online to the system within ten days following the payroll period on which the contribution is based. The act is set to become effective on July 1, 2026, and includes an emergency clause, allowing it to take effect immediately upon passage and approval to ensure the preservation of public peace, health, or safety.