SB 602 Summary

• Expands the definition of "Officer" under the Oklahoma Police Pension and Retirement System to include officers employed by counties who perform law enforcement services as direct county employees or pursuant to agreements with their municipal employer.

• Allows municipal police officers performing county law enforcement duties to elect to continue participation in the Oklahoma Police Pension and Retirement System for any period they work for the county.

• Requires counties employing officers making this election to make employer contributions of 13% of actual paid base salary to the System, effective July 1, 2015.

• Requires officers to continue making employee contributions of 8% of actual paid base salary, with counties authorized to pay all or part of the employee contribution on the officer's behalf.

• Declares an emergency, making the act effective immediately upon passage and approval, with substantive provisions taking effect July 1, 2015.