Oklahoma 2024 Regular Session

Oklahoma House Bill HB4051 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	An Act
2		-	ENROLLED HOUSE
	1	+
	2	+
	3	+	SENATE FLOOR VERSION - HB4051 SFLR Page 1
	4	+	(Bold face denotes Committee Amendments) 1
	5	+	2
	6	+	3
	7	+	4
	8	+	5
	9	+	6
	10	+	7
	11	+	8
	12	+	9
	13	+	10
	14	+	11
	15	+	12
	16	+	13
	17	+	14
	18	+	15
	19	+	16
	20	+	17
	21	+	18
	22	+	19
	23	+	20
	24	+	21
	25	+	22
	26	+	23
	27	+	24
	28	+
	29	+	SENATE FLOOR VERSION
	30	+	April 9, 2024
	31	+
	32	+
	33	+	ENGROSSED HOUSE
3	34		BILL NO. 4051 By: May and Munson of the House
4	35
5	36		and
6	37
7	38		Rader of the Senate
8		-
9	39
10	40
11	41
12	42
13	43		An Act relating to retirement; amending 62 O.S. 2021,
14	44		Section 3103, as amended by Section 1, Chapter 306,
15	45		O.S.L. 2022 (62 O.S. Supp. 2023, Section 3103), which
16	46		relates to the Oklahoma Pension Legislation Actuarial
17	47		Analysis Act; modifying definition; amending 11 O.S.
18	48		2021, Section 49-138, which relates to the
19	49		Firefighters Pension and Retirement System; providing
20	50		for the purchase of military service credit; and
21	51		providing effective dates.
22	52
23	53
24	54
25		-	SUBJECT: Retirement
26		-
27	55		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
28		-
29	56		SECTION 1. AMENDATORY 62 O.S. 2021, Section 3103, as
30	57		amended by Section 1, Chapter 306, O.S.L. 2022 (62 O.S. Su pp. 2023,
31	58		Section 3103), is amended to read as follows:
32		-
33	59		Section 3103. As used in the Oklahoma Pension Legislation
34	60		Actuarial Analysis Act:
35		-
36	61		1. "Amendment" means any amendment, including a substitute
37	62		bill, made to a retirement bill by any committee of the H ouse or
38	63		Senate, any conference committee of the House or Sena te or by the
39	64		House or Senate;
	65	+
	66	+	SENATE FLOOR VERSION - HB4051 SFLR Page 2
	67	+	(Bold face denotes Committee Amendments) 1
	68	+	2
	69	+	3
	70	+	4
	71	+	5
	72	+	6
	73	+	7
	74	+	8
	75	+	9
	76	+	10
	77	+	11
	78	+	12
	79	+	13
	80	+	14
	81	+	15
	82	+	16
	83	+	17
	84	+	18
	85	+	19
	86	+	20
	87	+	21
	88	+	22
	89	+	23
	90	+	24
40	91
41	92		2. "RB number" means that number preceded by the letters "RB"
42	93		assigned to a retirement bill by the respective staffs of the
43	94		Oklahoma State Senate and the Oklahoma H ouse of Representatives when
44	95		the respective staff office prepares a retirement bill for a member
45	96		of the Legislature;
46		-	RBH No. 10664
47		-	ENR. H. B. NO. 4051 Page 2
48	97		3. "Legislative Actuary" means the firm or entity that enters
49	98		into a contract with the Legislative Service Bureau pursuant to
50	99		Section 452.15 of Title 74 of the Oklahoma Statutes to provide the
51	100		actuarial services and other duties provided for in the Oklahoma
52	101		Pension Legislation Actuarial Analysis Act;
53		-
54	102		4. "Nonfiscal amendment" means an amendment to a retirement
55	103		bill having a fiscal impact, wh ich amendment does not change any
56	104		factor of an actuarial investigation specified in subsection A of
57	105		Section 3109 of this title;
58		-
59	106		5. "Nonfiscal retirement bill" means a retirement bill:
60		-
61	107		a. which does not affect the cost or funding factors of a
62	108		retirement system,
63		-
64	109		b. which affects such factors only in a manner which do es
65	110		not:
66		-
67	111		(1) grant a benefit increase under the retirement
68	112		system affected by the bill,
69		-
70	113		(2) create an actuarial accrued liability for or
71	114		increase the actuarial accrued liability of the
72	115		retirement system affected by the bill, or
73	116
	117	+	SENATE FLOOR VERSION - HB4051 SFLR Page 3
	118	+	(Bold face denotes Committee Amendments) 1
	119	+	2
	120	+	3
	121	+	4
	122	+	5
	123	+	6
	124	+	7
	125	+	8
	126	+	9
	127	+	10
	128	+	11
	129	+	12
	130	+	13
	131	+	14
	132	+	15
	133	+	16
	134	+	17
	135	+	18
	136	+	19
	137	+	20
	138	+	21
	139	+	22
	140	+	23
	141	+	24
	142	+
74	143		(3) increase the normal cost of the retirement system
75	144		affected by the bill,
76		-
77	145		c. which authorizes the purchase by an active member of
78	146		the retirement system, at the actuarial cost for the
79	147		purchase as computed pursuant to the st atute in effect
80	148		on the effective date of the measure allowing such
81	149		purchase, of years of service for purposes of reaching
82	150		a normal retirement date in the applicable retirement
83	151		system, but which cannot be used in order to compute
84	152		the number of years of serv ice for purposes of
85	153		computing the retirement benefit for the member,
86		-
87	154		d. which provides for the computation of a service -
88	155		connected disability retirement benefit for members of
89	156		the Oklahoma Law Enforcement Retirement System
90	157		pursuant to Section 2 -305 of Title 47 of the Oklahoma
91	158		Statutes if the members were unable to co mplete twenty
92		-	(20) years of service as a result of the disability, RBH No. 10664
93		-	ENR. H. B. NO. 4051 Page 3
94		-
	159	+	(20) years of service as a result of the disability,
95	160		e. which requires membership in the defined benefit plan
96	161		authorized by Section 901 et seq. of Title 74 of the
97	162		Oklahoma Statutes for persons whose first elected or
98	163		appointed service occurs on or after November 1, 2018,
99	164		if such persons had any prior service in the Oklahoma
100	165		Public Employees Retirement System prior to November
101	166		1, 2015,
102	167
	168	+	SENATE FLOOR VERSION - HB4051 SFLR Page 4
	169	+	(Bold face denotes Committee Amendments) 1
	170	+	2
	171	+	3
	172	+	4
	173	+	5
	174	+	6
	175	+	7
	176	+	8
	177	+	9
	178	+	10
	179	+	11
	180	+	12
	181	+	13
	182	+	14
	183	+	15
	184	+	16
	185	+	17
	186	+	18
	187	+	19
	188	+	20
	189	+	21
	190	+	22
	191	+	23
	192	+	24
	193	+
103	194		f. which provides for a one -time increase in retir ement
104	195		benefits if the increase in retirement benefits is not
105	196		a permanent increase in the gross annual retirement
106	197		benefit payable to a member or beneficiary, occurs
107	198		only once pursuant to a single statutory authorization
108	199		and does not exceed:
109		-
110	200		(1) the lesser of two percent (2%) of the gross
111	201		annual retirement benefit of the member or One
112	202		Thousand Dollars ($1,000.00) and requires that
113	203		the benefit may only be provided if the funded
114	204		ratio of the affected retirement system would not
115	205		be less than sixty percent (60%) but not greater
116	206		than eighty percent (80%) after the benefit
117	207		increase is paid,
118		-
119	208		(2) the lesser of two percent (2%) of the gross
120	209		annual retirement benefit of the member or One
121	210		Thousand Two Hundred Dollars ($1,200.00) and
122	211		requires that the benefit may only be provided if
123	212		the funded ratio of the affected retirement
124	213		system would be greater than eighty percent (80%)
125	214		but not greater than one hundred percent (100%)
126	215		after the benefit increase is paid,
127		-
128	216		(3) the lesser of two percent (2%) of the gross
129	217		annual retirement benefit of the member or One
	218	+
	219	+	SENATE FLOOR VERSION - HB4051 SFLR Page 5
	220	+	(Bold face denotes Committee Amendments) 1
	221	+	2
	222	+	3
	223	+	4
	224	+	5
	225	+	6
	226	+	7
	227	+	8
	228	+	9
	229	+	10
	230	+	11
	231	+	12
	232	+	13
	233	+	14
	234	+	15
	235	+	16
	236	+	17
	237	+	18
	238	+	19
	239	+	20
	240	+	21
	241	+	22
	242	+	23
	243	+	24
	244	+
130	245		Thousand Four Hundred Dollars ($ 1,400.00) and
131	246		requires that the benefit may only be provided if
132	247		the funded ratio of the affected retirement
133	248		system would be greater than one hundred percent
134	249		(100%) after the benefit increase is p aid, or
135		-
136	250		(4) the greater of two percent (2%) of the gross
137	251		annual retirement benefit of the volunteer
138		-	firefighter or One Hundred Dollars ($100.00) for RBH No. 10664
139		-	ENR. H. B. NO. 4051 Page 4
	252	+	firefighter or One Hundred Dollars ($100.00) for
140	253		persons who retired from the Oklahoma
141	254		Firefighters Pension and Retirement System as
142	255		volunteer firefighters and who did not retire
143	256		from the Oklahoma Firefighters Pension and
144	257		Retirement System as a paid firefighter.
145		-
146	258		As used in this subparagraph, "funded ratio" means the
147	259		figure derived by dividing the actuarial value of
148	260		assets of the applicable retirement system b y the
149	261		actuarial accrued liability of the applicable
150	262		retirement system,
151		-
152	263		g. which modifies the disability pension standard for
153	264		police officers who are members of the Oklahoma Police
154		-	Pension and Retirement System as provided by Section
155		-	3 of this act 50-115 of Title 11 of the Oklahoma
	265	+	Pension and Retirement System as provided by Section 3
	266	+	of this act 50-115 of Title 11 of the Oklahoma
156	267		Statutes,
	268	+
	269	+	SENATE FLOOR VERSION - HB4051 SFLR Page 6
	270	+	(Bold face denotes Committee Amendments) 1
	271	+	2
	272	+	3
	273	+	4
	274	+	5
	275	+	6
	276	+	7
	277	+	8
	278	+	9
	279	+	10
	280	+	11
	281	+	12
	282	+	13
	283	+	14
	284	+	15
	285	+	16
	286	+	17
	287	+	18
	288	+	19
	289	+	20
	290	+	21
	291	+	22
	292	+	23
	293	+	24
157	294
158	295		h. which provides a cost -of-living benefit increase
159	296		pursuant to the provisions of:
160		-
161	297		(1) Section 49-143.7 of Title 11 of the Oklahoma
162	298		Statutes,
163		-
164	299		(2) Section 50-136.9 of Title 11 of the Oklahoma
165	300		Statutes,
166		-
167	301		(3) Section 1104K of Title 20 of the Oklahoma
168	302		Statutes,
169		-
170	303		(4) Section 2-305.12 of Title 47 of the Oklahoma
171	304		Statutes,
172		-
173	305		(5) Section 17-116.22 of Title 70 of the Oklahoma
174	306		Statutes,
175		-
176	307		(6) Section 930.11 of Title 74 of the Oklahoma
177	308		Statutes, or
178		-
179	309		i. which modifies the computation of the line-of-duty
180	310		disability benefit pursuant to the provisions of this
181	311		act Sections 50-101 and 50-115 of Title 11 of the
182	312		Oklahoma Statutes, or
183		-	RBH No. 10664
184		-	ENR. H. B. NO. 4051 Page 5
185	313		j. which allows the purchase of military prior service
186	314		credit pursuant to the provisions of this act .
187		-
188	315		A nonfiscal retirement bill shall include any retirement bill that
189	316		has as its sole purpose the appropriation or distribution or
190	317		redistribution of monies in some manner to a retirement system for
191	318		purposes of reducing the unfunded liability of such system or the
	319	+
	320	+	SENATE FLOOR VERSION - HB4051 SFLR Page 7
	321	+	(Bold face denotes Committee Amendments) 1
	322	+	2
	323	+	3
	324	+	4
	325	+	5
	326	+	6
	327	+	7
	328	+	8
	329	+	9
	330	+	10
	331	+	11
	332	+	12
	333	+	13
	334	+	14
	335	+	15
	336	+	16
	337	+	17
	338	+	18
	339	+	19
	340	+	20
	341	+	21
	342	+	22
	343	+	23
	344	+	24
	345	+
192	346		earmarking of a portion of the revenue from a tax to a retirement
193	347		system or increasing the percentage of the revenue earmarked from a
194	348		tax to a retirement system;
195		-
196	349		6. "Reduction-in-cost amendment" means an amendment to a
197	350		retirement bill having a fiscal impact which reduces the cost of the
198	351		bill as such cost is determined by the actuarial investigation for
199	352		the bill prepared pursuant to Section 3109 of this title;
200		-
201	353		7. "Retirement bill" means any bill or joint resolution
202	354		introduced or any bill or joint resolution amended by a member of
203	355		the Oklahoma Legislature which creates or ame nds any law directly
204	356		affecting a retirement system. A retirement bill shall not mean a
205	357		bill or resolution that impacts the revenue of any state tax in
206	358		which a portion of the revenue generated fr om such tax is earmarked
207	359		for the benefit of a retirement system;
208		-
209	360		8. "Retirement bill having a fiscal impact" means any
210	361		retirement bill creating or establishing a retirement system and any
211	362		other retirement bill other than a nonfiscal retirement bill; and
212		-
213	363		9. "Retirement system" means the Teachers' Retirement System of
214	364		Oklahoma, the Oklahoma Public Employees Retirement System, the
215	365		Uniform Retirement System for Justices and Judges, the Oklahoma
216	366		Firefighters Pension and Retirement System, the Oklahoma Police
217	367		Pension and Retirement System, the Oklahoma Law Enforcement
218	368		Retirement System, or a retirement system established after January
219	369		1, 2006.
220	370
	371	+	SENATE FLOOR VERSION - HB4051 SFLR Page 8
	372	+	(Bold face denotes Committee Amendments) 1
	373	+	2
	374	+	3
	375	+	4
	376	+	5
	377	+	6
	378	+	7
	379	+	8
	380	+	9
	381	+	10
	382	+	11
	383	+	12
	384	+	13
	385	+	14
	386	+	15
	387	+	16
	388	+	17
	389	+	18
	390	+	19
	391	+	20
	392	+	21
	393	+	22
	394	+	23
	395	+	24
	396	+
221	397		SECTION 2. AMENDATORY 11 O.S. 2021, Section 49 -138, is
222	398		amended to read as follows:
223		-
224	399		Section 49-138. A. Any member of a regularly constituted fire
225	400		department of any municipality who is now serving or may hereafter
226	401		serve in the Armed Forces of the United States whether such service
227	402		is voluntary or involuntary, who shall have been a member of such
228	403		fire department at the time of entering such service, shall be
229		-	entitled to have the whole of the time of such service applied under RBH No. 10664
230		-	ENR. H. B. NO. 4051 Page 6
	404	+	entitled to have the whole of the time of such service applied under
231	405		the provisions of Section 49 -106 of this title, so far as the same
232	406		applies to a service pension; provided further, that the
233	407		municipality shall continue its payment into said pension fund, to
234	408		the same force and effect as though the member were in the actual
235	409		service of such fire department; provided, that any person who is
236	410		eligible for such service but who shall have volunteered fo r
237	411		military or naval service for a period not to exceed five (5) years
238	412		shall likewise be entitled to all of the benefits of Sections 49 -138
239	413		through 49-142 of this title for the full period of such service or
240	414		enlistment; provided further, that only one such period of voluntary
241	415		service shall be considered hereunder. I f such person shall
242	416		reenlist, unless required to do so by law, such person shall not
243	417		thereafter be entitled to the provisions of this subsection. The
244	418		provisions of this subsection shall not appl y where any such person
245	419		dies during the period of said service or enlistment, and shall not
246	420		entitle the surviving spouse or children to any benefits, and shall
	421	+
	422	+	SENATE FLOOR VERSION - HB4051 SFLR Page 9
	423	+	(Bold face denotes Committee Amendments) 1
	424	+	2
	425	+	3
	426	+	4
	427	+	5
	428	+	6
	429	+	7
	430	+	8
	431	+	9
	432	+	10
	433	+	11
	434	+	12
	435	+	13
	436	+	14
	437	+	15
	438	+	16
	439	+	17
	440	+	18
	441	+	19
	442	+	20
	443	+	21
	444	+	22
	445	+	23
	446	+	24
	447	+
247	448		not apply to any member who shall have served on active duty
248	449		(including initial active duty) for training purposes only and/or
249	450		inactive duty training.
250		-
251	451		B. Effective February 1, 1997, credited service received
252	452		pursuant to this section or credited service for wartime military
253	453		service received as otherwise provided by law shall be used in
254	454		determining the member's retirement benefit but shall not be used in
255	455		determining years of service for retirement, vesting purposes or
256	456		eligibility for participation in the Oklahoma Firefighters Deferred
257	457		Option Plan. For a member of the System hired on or after July 1,
258	458		2003, if the military service credit authorized by this sectio n is
259	459		used to compute the retirement benefit of the member and the member
260	460		retires from the System, such military service credit shall not be
261	461		used to compute the retirement benefit in any other ret irement
262	462		system created pursuant to the Oklahoma Statutes and the member may
263	463		receive credit for such service only in the retirement system from
264	464		which the member first retires.
265		-
266	465		C. A member who retires or elects to participate in the
267	466		Oklahoma Firefighters De ferred Option Plan on or after July 1, 1998,
268	467		shall be entitled to prior service credit, not to exceed five (5)
269	468		years, for those periods of military service on active duty prior to
270	469		membership in the Oklahoma Firefighters Pension and Retirement
271	470		System.
272	471
	472	+	SENATE FLOOR VERSION - HB4051 SFLR Page 10
	473	+	(Bold face denotes Committee Amendments) 1
	474	+	2
	475	+	3
	476	+	4
	477	+	5
	478	+	6
	479	+	7
	480	+	8
	481	+	9
	482	+	10
	483	+	11
	484	+	12
	485	+	13
	486	+	14
	487	+	15
	488	+	16
	489	+	17
	490	+	18
	491	+	19
	492	+	20
	493	+	21
	494	+	22
	495	+	23
	496	+	24
	497	+
273	498		For purposes of this subsection, "military service" means
274		-	service in the Armed Forces of the United States by honorably RBH No. 10664
275		-	ENR. H. B. NO. 4051 Page 7
	499	+	service in the Armed Forces of the United States by honorably
276	500		discharged persons during the following time periods, as reflected
277	501		on such person's Defense Department Form 214, as follows:
278		-
279	502		1. During the following periods, including the beginning and
280	503		ending dates, and only for the periods served, from:
281		-
282	504		a. April 6, 1917, to November 11, 1918, commonly referred
283	505		to as World War I,
284		-
285	506		b. September 16, 1940, to December 7, 1941, for members
286	507		of the 45th Division,
287		-
288	508		c. December 7, 1941, to December 31, 1946, commonly
289	509		referred to as World War II,
290		-
291	510		d. June 27, 1950, to January 31, 1955, commonly referred
292	511		to as the Korean Conflict or the Korean War,
293		-
294	512		e. February 28, 1961, to May 7, 1975, commonly referred
295	513		to as the Vietnam era, except that:
296		-
297	514		(1) for the period from February 28, 1961, t o August
298	515		4, 1964, military service shall only include
299	516		service in the Republic of Vietnam during that
300	517		period, and
301		-
302	518		(2) for purposes of determining eligibility for
303	519		education and training benefits, s uch period
304	520		shall end on December 31, 1976, or
	521	+
	522	+	SENATE FLOOR VERSION - HB4051 SFLR Page 11
	523	+	(Bold face denotes Committee Amendments) 1
	524	+	2
	525	+	3
	526	+	4
	527	+	5
	528	+	6
	529	+	7
	530	+	8
	531	+	9
	532	+	10
	533	+	11
	534	+	12
	535	+	13
	536	+	14
	537	+	15
	538	+	16
	539	+	17
	540	+	18
	541	+	19
	542	+	20
	543	+	21
	544	+	22
	545	+	23
	546	+	24
305	547
306	548		f. August 1, 1990, to December 31, 1991, commonly
307	549		referred to as the Gulf War, the Persian Gulf War, or
308	550		Operation Desert Storm, but excluding any person who
309	551		served on active duty for training only, unless
310	552		discharged from such active duty for a service -
311	553		connected disability;
312		-
313	554		2. During a period of war or combat military operation other
314	555		than a conflict, war or era listed in paragraph 1 of this
315	556		subsection, beginning on the date of Congressional authorization,
316	557		Congressional resolution, or Executive Order of the President of the
317	558		United States, for the use of the Armed Forces of the United States
318	559		in a war or combat military operation, if such war or combat
319	560		military operation lasted for a period of ninety (90) days or mo re,
320		-	for a person who served, and only for the period served, in the area RBH No. 10664
321		-	ENR. H. B. NO. 4051 Page 8
	561	+	for a person who served, and only for the period served, in the area
322	562		of responsibility of the war or combat military operation, but
323	563		excluding a person who served on active duty for training only,
324	564		unless discharged from such active duty for a service -connected
325	565		disability, and provided that the burden of proof of military
326	566		service during this period shall be with the member, who must
327	567		present appropriate documentation establishing such service.
	568	+	D. An eligible member pursuant to subsection C D of this
	569	+	section shall include only those persons who shall have served
	570	+	during the times or in the areas prescribed in subsection C D of
	571	+	this section, and only if such person provides appropriate
328	572
329		-	D. An eligible member pursuant to subsection C of this section
330		-	shall include only those persons who s hall have served during the
331		-	times or in the areas prescribed in subsection C of this section,
332		-	and only if such person provides appropriate documentation in such
333		-	time and manner as required by the System to establish such military
334		-	service prescribed in th is section, or for service pursuant to
335		-	division (1) of subparagraph e of paragraph 1 of subsection C of
336		-	this section, those per sons who were awarded service medals, as
337		-	authorized by the United States Department of Defense as reflected
338		-	in the veteran's Defense Department Form 214, related to the Vietnam
339		-	Conflict for service prior to Augus t 5, 1964. The provisions of
340		-	subsection C of this section shall include military retir ees, whose
341		-	retirement was based only on active service, that have been rated as
342		-	having twenty percent (20%) or greater servi ce-connected disability
343		-	by the Veterans Administration or the Armed Forces of the Unite d
344		-	States. The provisions of subsection C of this section shall not
345		-	apply to any person who shall have served on active duty for
346		-	training purposes only unless discharg ed from active duty for a
347		-	service-connected disability.
	573	+	SENATE FLOOR VERSION - HB4051 SFLR Page 12
	574	+	(Bold face denotes Committee Amendments) 1
	575	+	2
	576	+	3
	577	+	4
	578	+	5
	579	+	6
	580	+	7
	581	+	8
	582	+	9
	583	+	10
	584	+	11
	585	+	12
	586	+	13
	587	+	14
	588	+	15
	589	+	16
	590	+	17
	591	+	18
	592	+	19
	593	+	20
	594	+	21
	595	+	22
	596	+	23
	597	+	24
348	598
	599	+	documentation in such time and manner as required by the System to
	600	+	establish such military service prescribed in this section, or for
	601	+	service pursuant to division (1) of subparagraph e of paragraph 1 of
	602	+	subsection C D of this section, those persons who were awarded
	603	+	service medals, as authorized by the United States Department of
	604	+	Defense as reflected in the veteran's Defense Department For m 214,
	605	+	related to the Vietnam Conflict for service prior to August 5, 1964.
	606	+	The provisions of subsection C D of this section shall include
	607	+	military retirees, whose retirement was based only on a ctive
	608	+	service, that have been rated as having twenty percent (20%) or
	609	+	greater service-connected disability by the Veterans Administration
	610	+	or the Armed Forces of the United States. The provisions of
	611	+	subsection C D of this section shall not apply to any per son who
	612	+	shall have served on active duty for training purpose s only unless
	613	+	discharged from active duty for a service -connected disability.
349	614		E. A member of the System who served in the Armed Forces of the
350	615		United States, or any component thereof, who was hon orably
351	616		discharged from full -time active military service prior to becoming
352	617		a member of the System and whose full -time active duty military
353	618		service does not otherwise meet the qualifications for prior service
354	619		credit pursuant to subsections B through D of th is section may
355	620		purchase up to five (5) years of full -time active duty military
356	621		prior service credit at the actuarial cost of service credit as
	622	+
	623	+	SENATE FLOOR VERSION - HB4051 SFLR Page 13
	624	+	(Bold face denotes Committee Amendments) 1
	625	+	2
	626	+	3
	627	+	4
	628	+	5
	629	+	6
	630	+	7
	631	+	8
	632	+	9
	633	+	10
	634	+	11
	635	+	12
	636	+	13
	637	+	14
	638	+	15
	639	+	16
	640	+	17
	641	+	18
	642	+	19
	643	+	20
	644	+	21
	645	+	22
	646	+	23
	647	+	24
	648	+
357	649		determined by the Oklahoma Firefighters Pension and Retirement
358	650		System Board, pursuant to Section 49-117.3 of this title.
359		-
360	651		The service credit provided by this subsection shall be
361	652		administered pursuant to subsections B through D of this section,
362		-	including, but not limited to, only full -time active duty military
363		-	service not for training-only purposes, unless discharged ~~from~~
	653	+	including but not limited to, only full -time active duty military
	654	+	service not for training only purposes, unless discharged fr om
364	655		active duty for a service -connected disability, as reflect ed on the
365		-	member's Defense Department Form 214, shall be considered for prior
366		-	service credit, and such prior service credit shall only be used in RBH No. 10664
367		-	ENR. H. B. NO. 4051 Page 9
	656	+	members Defense Department Form 214, shall be considered for prior
	657	+	service credit and such prior service credit shall only be used in
368	658		determining the member 's retirement benefit but sha ll not be used in
369		-	determining years of service for retirement, vesting purposes , or
	659	+	determining years of service for retirement, vesting purposes or
370	660		eligibility for participation in the Oklahoma Firefighters Deferred
371	661		Option Plan.
372		-
373	662		F. Notwithstanding any provision herein to the contrary:
374		-
375	663		1. Contributions, benefits and se rvice credit with respect to
376	664		qualified military service shall be provided in accordance with
377	665		Section 414(u) of the Internal Revenue Code of 1986, as amended,
378	666		which is in accordance with the Uniformed Services Employment and
379	667		Reemployment Rights Act of 1994, as amended (USERRA); and
380		-
381	668		2. Effective January 1, 2007, if any member dies while
382	669		performing qualified military service (as defined in Section 414(u)
383	670		of the Internal Revenue Code of 1986, as amended), the survivors of
384	671		the member are entitled to any additio nal benefits (other than
385	672		benefits accruals relating to the pe riod of qualified military
	673	+
	674	+	SENATE FLOOR VERSION - HB4051 SFLR Page 14
	675	+	(Bold face denotes Committee Amendments) 1
	676	+	2
	677	+	3
	678	+	4
	679	+	5
	680	+	6
	681	+	7
	682	+	8
	683	+	9
	684	+	10
	685	+	11
	686	+	12
	687	+	13
	688	+	14
	689	+	15
	690	+	16
	691	+	17
	692	+	18
	693	+	19
	694	+	20
	695	+	21
	696	+	22
	697	+	23
	698	+	24
	699	+
386	700		service) provided under the System had the member resumed and then
387	701		terminated employment on account of death.
388		-
389	702		F. G. Members or beneficiaries shall make application to the
390	703		System for credited service related to wartime military service.
391	704		Interest on additional benefits related to wartime military service
392	705		owed by the System to a retired member or beneficiary as provided by
393	706		law shall cease accruing one (1) year after the e ffective date the
394	707		additional benefits are payable by the Syst em or July 1, 2000,
395	708		whichever is later, if the member has not applied to the System for
396	709		credited service related to such wartime military service.
397		-
398	710		SECTION 3. Section 1 of this act shall become effective October
399	711		1, 2024.
400		-
401	712		SECTION 4. Section 2 of this act shall become effective
402	713		November 1, 2024.
403		-	RBH No. 10664
404		-	ENR. H. B. NO. 4051 Page 10
405		-	Passed the House of Represent atives the 13th day of March, 2024.
406		-
407		-
408		-
409		-
410		-	Presiding Officer of the House
411		-	of Representatives
412		-
413		-
414		-
415		-	Passed the Senate the 25th day of April, 2024.
416		-
417		-
418		-
419		-
420		-	Presiding Officer of the Senate
421		-
422		-
423		-	OFFICE OF THE GOVERNOR
424		-	Received by the Office of the Governor this ____________________
425		-	day of ___________________, 20_______, at _______ o'clock _______ M.
426		-	By: _________________________________
427		-	Approved by the Governor of the State of Oklahoma this _____ ____
428		-	day of ___________________, 20_______, at _______ o'clock _______ M.
429		-
430		-
431		-	_________________________________
432		-	Governor of the State of Oklahoma
433		-
434		-	OFFICE OF THE SECRETARY OF STATE
435		-	Received by the Office of the Secretary of State this __________
436		-	day of ___________________, 20_______, at _______ o'clock _______ M.
437		-	By: _________________________________
438		-
439		-	THOMAS E. CUMMINS CONSULTING ACTUARY, INC.
440		-	2512 E. 71
441		-	st
442		-	Street , Suite D ∙ Tulsa, Oklahoma 74136
443		-	(918) 492-9658 ∙ (918) 492- 9659
444		-
445		-
446		-
447		-
448		-
449		-	March 7, 2024
450		-
451		-
452		-
453		-	Representative May
454		-	Room 300.3
455		-
456		-
457		-	Re: Floor Substitute for House Bill No. 4051 RBH No. 10664
458		-
459		-
460		-	Floor Substitute for House Bill No. 4051 would allow a Oklahoma
461		-	Firefighter Pension and Retirement System participant to purchase up
462		-	to 5 years of military service.
463		-
464		-	The bill also amends OPLAAA defining the change above as a non
465		-	fiscal bill.
466		-
467		-	Floor Substitute for House Bill No. 4051 is a non fiscal bill as
468		-	defined by OPLAAA.
469		-
470		-
471		-	I am a member of the American Academy of Actuaries and meet the
472		-	Qualification Standards of the American Academy of Actuaries to
473		-	render the actuarial opinion herein.
474		-
475		-
476		-	Thomas E. Cummins
477		-
478		-	Thomas E. Cummins, MAAA
479		-
480		-
	714	+	COMMITTEE REPORT BY: COMMITTEE ON RETIREMENT AND INSURANCE
	715	+	April 9, 2024 - DO PASS