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STATE OF OKLAHOMA
1st Session of the 59th Legislature (2023)
SENATE BILL 854 By: Weaver
AS INTRODUCED
An Act relating to the Oklahoma Firefighters Pension
and Retirement System; providing for cost-of-living
adjustment; and providing for codification.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 49-143.8 of Title 11, unless
there is created a duplication in numbering, reads as follows:
A. Except as provided in subsection B of this section, and
persons receiving benefits pursuant to Section 49-101 of Title 11 of
the Oklahoma Statutes, any member of the Oklahoma Firefighters
Pension and Retirement System receiving benefits from the System as
of June 30, 2023, who continues to receive benefits on or after the
effective date of this act, shall receive an eight percent (8%)
increase in benefits to be paid.
B. For a member of the System prior to January 1, 1981, who
shall have his or her pension or the pension of his or her surviving
spouse increased or decreased by one -half (1/2) of all increases or
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decreases which shall occur in the member's salary, any increase in
benefits provided to the member shall be used to offset the increase
in benefits provided in subsection A of this section.
59-1-504 RD 1/19/2023 9:29:15 AM