Police Pension and Retirement System; increasing minimum employee contribution for certain members; increasing computation of certain monthly benefits; increasing employer contribution; updating statutory language. Effective dates.

SB 102 updates the legal definitions used to classify and process bills related to Oklahoma police and firefighter pension systems. The legislation clarifies what counts as a "nonfiscal amendment" by detailing specific scenarios, such as one-time benefit increases tied to the system's funded ratio or changes to disability standards, that do not permanently alter the system's long-term costs. By refining these definitions, the bill aims to streamline how the legislature evaluates the financial impact of proposed changes to retirement benefits and contributions. This procedural update applies to future legislative actions regarding the Oklahoma Police Pension and Retirement System and the Oklahoma Firefighters Pension and Retirement System.