Oklahoma Firefighters Pension and Retirement System; increasing monthly benefit for volunteer firefighters; modifying compensation determination.
Coauthored by Representative Smith
Summary
The measure raises the monthly pension for volunteer firefighters retiring after the law takes effect to $10 for each year of credited service, up to 30 years, while preserving benefits for earlier retirees. It also creates a vested benefit for volunteers who leave after 10 years and sets new limits on how much active volunteers can be paid before being treated as paid firefighters. The changes affect volunteer firefighters, their beneficiaries, and fire departments across Oklahoma.
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