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OK SB1393

Bill

Status

Introduced

2/6/2012

Primary Sponsor

Don Barrington

Click for details

Origin

Senate

2012 Regular Session

AI Summary

SB 1393 Summary

  • Amends 11 O.S. Section 49-108 to standardize terminology, replacing "fire fighter" with "firefighter" throughout the statute.

  • Allows volunteer firefighters appointed as paid firefighters who serve less than 10 years to receive pension benefits combining volunteer service (1/20 of volunteer pension per year) and paid service (1/20 of 1/2 average salary per year).

  • Permits volunteer firefighters appointed as paid firefighters on or after May 15, 1992 who serve 10+ years to credit up to 5 years of volunteer time toward a 20-year paid service pension, with additional volunteer years calculated at 1/20 of volunteer pension.

  • Establishes that volunteer firefighters appointed as paid firefighters before May 15, 1992 who serve 10+ years may credit all volunteer time toward a 20-year paid service pension.

  • Adds new provisions allowing paid firefighters appointed as volunteer firefighters after the effective date to receive combined pension benefits and caps total credited service at 30 years.

  • Becomes effective November 1, 2012.

Legislative Description

Oklahoma Firefighters Pension and Retirement System; allowing certain firefighters to receive certain pension. Effective date.

Retirement

Last Action

Pending authorship Representative(s) Armes

2/21/2012

Committee Referrals

Retirement and Insurance2/7/2012

Full Bill Text

No bill text available