Oklahoma Police Pension and Retirement System; increasing employer contribution. Effective date. Emergency.

SB 716 increases Oklahoma police officers' pension contributions from 8% to 9% (effective July 1, 2025) and then to 11% (after that date). The bill shifts the payment responsibility from officers to their employing municipalities, requiring cities or counties to cover the full contribution amount by reducing officers' gross salaries accordingly. Municipalities must pay these contributions to the pension system within 10 days of payroll, with late payments incurring a 5% monthly penalty. This bill directly affects all Oklahoma police officers participating in the state pension system and their local employers, taking effect July 1, 2025, as an emergency measure.