ok-2497: Oklahoma Firefighters Pension and Retirement System — Firefighters Pension and Retirement Plan

Summary

The proposed rule amendment to 270:10-1-8(c) removes the distinction between members whose service with a participating employer of the System began before or after November 1, 2013 for the purpose of establishing the years of credited service needed for a paid vested benefit or a vested volunteer benefit. The proposed rule amendment to 270:10-1-8(f)(6) revises the classification of a paid firefighter to increase the salary required. The proposed rule amendment to 270:10-1-8(g)(3) removes the distinction between members whose service with a participating employer of the System began before or after November 1, 2013 for the purpose of determining a member’s correct amount of service time. The proposed rule amendment to 270:10-1-8(h)(5) adds language regarding the consideration of a volunteer member’s eligibility for consideration of a disability in the line of duty pension to make the volunteer member immediately eligible if the volunteer member passed the pre-employment medical evaluation. The proposed rule amendment to 170:10-1-8(j)(2) revises what constitutes gross salary to specify that buy back pay is sick or annual leave that is not at termination and is not compensatory time. The proposed rule amendment to 270:10-1-8(k) adds language allowing members to make installment payments for previously withdrawn contributions when reinstating prior service. The proposed rule amendment to 270:10-1-9(A) adds requirements for purchase of transferred credited service, stating a member must be an active paid member at the time of purchase and must have been an active paid member for a minimum of (30) months. The proposed rule amendment to 270:10-1-9(B)-(E) provides additional requirements for the purchase of military service credit and specifies limitations on how the member may pay the purchase price of transferred credited service or military service credit.

The agency’s own summary, as published.