Oklahoma Firefighters Pension and Retirement System; increasing monthly benefit for volunteer firefighters; modifying compensation determination. Effective dates. Emergency.

This bill proposes changes to the Oklahoma Firefighters Pension and Retirement System to adjust compensation rules and increase retirement benefits for volunteer firefighters. It establishes a specific annual compensation threshold, requiring those who earn more than a set amount to meet physical fitness standards to remain active members, while also clarifying how service time counts toward leadership qualifications. Additionally, the legislation mandates a $10 monthly increase for each year of service for retirees who were receiving benefits as of June 30, 2024, up to a maximum of thirty years of service. Although the bill was signed into law, the Governor vetoed it on June 14, 2024, preventing these provisions from taking effect.