OK SB432

Retired volunteer firefighters who retire after the effective date will receive $10.00 per month for each year of credited service, up to a maximum of 30 years

Volunteer firefighters with 10-19 years of credited service can receive vested benefits starting at age 50 or when they would have reached 20 years of service, whichever is later

If a vested volunteer firefighter dies before receiving benefits, their designated beneficiary becomes entitled to the normal monthly retirement benefit

The compensation threshold for classifying a volunteer firefighter as a "paid firefighter" changes from a formula-based calculation to a fixed amount of $9,939.69 annually

Volunteer firefighters receiving compensation above the threshold must meet physical and agility requirements for paid firefighters to remain active members of the System