Oklahoma SB1586 amends the Oklahoma Firefighters Pension and Retirement System, increasing the computation of certain benefits and updating.
Oklahoma SB1586 modifies the Oklahoma Firefighters Pension and Retirement System by increasing the computation of certain benefits and updating definitions. The bill specifies that for members who entered the system on or after November 1, 2013, and retire on or after the effective date of this act, accrued retirement benefits will be calculated based on the member's final average salary multiplied by their years of credited service.
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