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

SB 715 increases the employer contribution rate for Oklahoma municipalities with paid firefighters from 14% to 16% of total gross salaries, effective July 1, 2025. This change directly affects all Oklahoma municipalities employing paid firefighters by requiring higher annual contributions to the Oklahoma Firefighters Pension and Retirement System. The bill amends existing law to update the contribution percentages, maintaining the current 9% member contribution rate while raising the municipal share. It also declares an emergency to allow immediate implementation upon approval. The policy change aims to strengthen pension funding without altering member deductions or volunteer firefighter contributions ($60/year).