OK SB1096

Amends Section 2-305.1C regarding qualified health insurance premiums for eligible retired public safety officers by updating definitions to reference Section 152 and Section 7702B of the Internal Revenue Code of 1986, as amended.

Allows eligible retired public safety officers to have direct payments made toward qualified health insurance premiums from their monthly disability or retirement benefits, with a maximum annual exclusion of $3,000.

Defines "qualified health insurance premiums" to include coverage for the officer, spouse, and dependents under accident/health insurance plans or qualified long-term care insurance contracts.

Amends Section 2-305.4 to update multiple references to the Internal Revenue Code sections governing benefit limitations, actuarial equivalence calculations, and interest rate assumptions for the Oklahoma Law Enforcement Retirement System.

Replaces references to "below" with "herein" and makes conforming technical updates to align the System's provisions with current Internal Revenue Code requirements and regulations.