SB 715 — Oklahoma Firefighters Pension and Retirement System; increasing employer contribution. Effective date. Emergency.

36851182 STATESENATE OFFLOOR OKLAHOMAVERSION 2ndFebruary Session17, of2026 theAS 60thAMENDED Legislature (2026) FLOOR SUBSTITUTE FOR SENATE BILL NO.

Paxton 65 FLOOR SUBSTITUTE [ Oklahoma Firefighters Pension and Retirement System - employer contributions - effective date - emergency ] 9 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

The treasurer of the municipality shall deposit within Req.ten (10) days from each ending payroll date in the System the amount deducted from the salary of each member of the fire department.

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36851182 PageAmounts 1deducted RBSfrom No.the salary of a member and not paid to the System after thirty (30) days from each ending payroll date shall be subject to a monthly late charge of one and one-half percent (1 1/2%) of the unpaid balance to be paid by the municipality to the System.

3685 ten (10) days from each ending payroll date in the Oklahoma Firefighters Pension and Retirement System the amount deducted from the salary of each member of the fire department.

Amounts deducted from the salary of a member and not paid to the System after thirty (30) days from each ending payroll date shall be subject to a monthly late charge of one and one-half percent (1 1/2%) of the unpaid balance to be paid by the municipality to the System.

The member, by the terms of this System, shall not have any option to choose to receive the contributions so picked up directly and the picked up picked-up contributions must shall be paid by the municipality to the System.

Member contributions which are picked up shall be treated in the same manner and to the same extent as member contributions made Req.prior to the date on which member contributions were picked up by SENATE FLOOR VERSION - SB715 SFLR Page 2 (Bold face denotes Committee Amendments) RBS No.

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3685 prior to the date on which member contributions were picked up by the municipality.

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and 9.

Beginning on July 1, 2028,2025, fourteensixteen and one-half percent (14(16%) 1/2%) of the total actual paid gross salaries of the members of the fire department;department.

10.

Beginning July 1, 2029, fifteen percent (15%) of the total actual paid gross salaries of the members of the fire department;

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Beginning July 1, 2030, fifteen and one-half percent (15 1/2%) of the total actual paid gross salaries of the members of the fire department;

12.

Beginning July 1, 2031, sixteen percent (16%) of the total actual paid gross salaries of the members of the fire department;

and 13.

Beginning July 1, 2032, sixteen and one-half percent (16 1/2%) of the total actual paid gross salaries of the members of the fire department.

Provided, the above-mentioned volunteer county or municipal contributions shall be reevaluated by the next scheduled actuarial study and the amounts adjusted so that in a nine-year period of time,SENATE theFLOOR amountsVERSION would- reflectSB715 theSFLR actuarialPage recommendations4 at(Bold thatface time.denotes Committee Amendments) RBS No.

1182 time, the amounts would reflect the actuarial recommendations at that time.

Any municipality that fails to comply with the provisions of this section shall not be entitled to its proportionate share of the Motor Fuel Excise Tax motor fuel excise tax which is received Req.through the Oklahoma Tax Commission.

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60-2-3685COMMITTEE MSBBREPORT 3/4/2026BY: 12:17:32 PM Req.

No.COMMITTEE ON RETIREMENT AND GOVERNMENT RESOURCES February 17, 2026 - DO PASS AS AMENDED SENATE FLOOR VERSION - SB715 SFLR Page 5 (Bold face denotes Committee Amendments)

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