HB 1027 Summary

• Adds CLEET-certified police officers employed by University of Oklahoma and Oklahoma State University as eligible members of the Oklahoma Law Enforcement Retirement System, effective July 1, 2024

• Expands member definition to include active commissioned or CLEET-certified agents hired by the Office of the Attorney General or Military Department on or after July 1, 2024

• Changes Section 2-304 to refer to all "participating employers" rather than listing specific state agencies, allowing any Oklahoma entity with System members to contribute 11% of actual paid base salary to the fund

• Updates service credit purchase price calculation for leaves of absence related to temporary total disability by clarifying reference to "combined employer and member contribution percentages" and "member contribution percentage" under Section 2-304

• Declares an emergency, making the act effective immediately upon passage and approval