Senate Bill No. 715 amends the Oklahoma Firefighters Pension and Retirement System by adjusting the contribution rates for municipalities with paid fire department members. The bill establishes that municipalities must deduct nine percent (9%) from the gross salary of each fire department member, with the option for municipalities to cover all or part of this contribution. Additionally, it introduces a new contribution rate of sixteen percent (16%) of total actual paid gross salaries for fire department members, effective July 1, 2025. The bill also clarifies that contributions picked-up by municipalities will not be included in the gross income of the member until distributed.

Furthermore, the bill modifies the language regarding the treatment of picked-up contributions, replacing "picked up" with "picked-up" in several instances for clarity. It also updates the terminology related to the motor fuel excise tax, ensuring that municipalities that fail to comply with the contribution requirements will not receive their share of this tax. The act is set to take effect on July 1, 2026, and includes an emergency clause for immediate implementation upon passage and approval.