OK SB2024

Fire chiefs (permanent or interim) must have at least 3 years of paid firefighter experience before assuming the position

Unfunded accrued liability amortization period reset to 30 years beginning July 1, 2014 (changed from July 1, 2003)

Firefighters involuntarily terminated who are not members of a collective bargaining organization and seeking reinstatement through legal process may elect to participate in the Deferred Option Plan

Removes requirement that the System request a private letter ruling from the IRS regarding income tax treatment of the $5,000 death benefit

Maximum hiring age requirement adjusted so firefighters hired on or after November 1, 2013 must be eligible for retirement by age 67 (versus age 65 for those hired earlier)