Public retirement systems; Oklahoma Pension Legislation Actuarial Analysis Act; Firefighters Pension and Retirement Board and Police Pension and Retirement Board; benefit adjustment; effective dates; contingent effective dates; emergency.

Summary

The bill revises the Oklahoma Pension Legislation Actuarial Analysis Act by adding clear definitions for terms used in retirement‑related legislation, such as what counts as a non‑fiscal amendment or a retirement bill. It also gives the state Firefighters and Police Pension and Retirement Boards authority to make benefit adjustments. Emergency and effective‑date provisions are included.

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