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OK SB716
Bill
Status
2/3/2025
Primary Sponsor
Lonnie Paxton
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AI Summary
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Increases municipal employer contributions to the Oklahoma Police Pension and Retirement System from 14% to 16% of each police officer's actual paid base salary, effective July 1, 2026
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Amends 11 O.S. 2021, Section 50-109, which establishes the contribution schedule for municipalities participating in the police pension system
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Requires municipalities to pay contributions online to the System within 10 days following the payroll period
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Maintains state obligation to appropriate funds as necessary to assure retirement benefits provided under the article
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Includes emergency clause allowing the act to take effect immediately upon passage and approval
Legislative Description
Oklahoma Police Pension and Retirement System; increasing employer contribution. Effective date. Emergency.
Last Action
Placed on General Order
2/19/2026