Oklahoma HB1739 amends the Oklahoma Law Enforcement Retirement System, adjusting contribution rates, benefit computations, and top base salary.

Oklahoma HB1739 modifies the Oklahoma Law Enforcement Retirement System by increasing employer and member contribution rates, adjusting the top base salary for benefit computation, and specifying positions eligible for certain benefits. The bill sets new contribution rates for employers, increasing from 8% to 16.5% over several years. It also adjusts the method for calculating retirement benefits, ensuring that certain members receive a minimum benefit based on their highest salary over 20 years of service.

Oklahoma HB1739 amends the Oklahoma Law Enforcement Retirement System, adjusting contribution rates, benefit computations, and top base salary.

Oklahoma HB1739 modifies the Oklahoma Law Enforcement Retirement System by increasing employer and member contribution rates, adjusting the top base salary for benefit computation, and specifying positions eligible for certain benefits. The bill sets new contribution rates for employers, increasing from 8% to 16.5% over several years. It also adjusts the method for calculating retirement benefits, ensuring that certain members receive a minimum benefit based on their highest salary over 20 years of service.