OK SB1022

Amends Oklahoma firefighter pension statutes to clarify that lump-sum repayments for prior termination withdrawals may be made via trustee-to-trustee transfer of non-Roth funds from 403(b), 457, or 401(a) plans

Members employed before November 1, 2013 may elect vested benefits after 10 years of credited service; members hired on or after that date require 11 years

Retirement annuity equals 2.5% of final average salary multiplied by years of credited service, capped at 30 years

Clarifies that Roth accounts and Coverdell Education Savings Accounts cannot be used to purchase transferred credited service

Effective date July 1, 2016, with emergency clause for immediate implementation upon passage