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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 270. Oklahoma Firefighters Pension and Retirement System |
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Chapter 1. Administrative Operations |
SECTION 270:1-1-2. Description of organization
Latest version.
- (a) The System is a body corporate and an instrumentality of the State of Oklahoma, vested with the powers and duties specified in 11 O.S. Sections 49-100.1 through 49-143.6, and other such powers and duties necessary to carry out the purposes and intent of these provisions.(b) The State Board shall be responsible for the operation, administration and management of the System, and has such powers and authority expressly conferred upon it by, or reasonably implied from the provisions of 11 O.S. Sections 49-100.1 through 49-143.6. The State Board is composed of thirteen (13) members appointed as follows:(1) Five (5) members shall be the Board of Trustees of the Oklahoma Firefighters Association;(2) One member shall be the President of the Professional Firefighters of Oklahoma or his designee. The designee shall be a member of the Professional Firefighters of Oklahoma;(3) One member shall be the President of the Oklahoma State Retired Firefighters Association or his designee. The designee shall be a member of the Oklahoma State Retired Firefighters Association;(4) One member shall be appointed by the Speaker of the House of Representatives;(5) One member shall be appointed by the President Pro Tempore of the Senate;(6) Two (2) members shall be appointed by the President of the Oklahoma Municipal League;(7) One member shall be the State Insurance Commissioner or his designee;(8) One member shall be the Director of the Office of Management and Enterprise Services or his designee.(c) The State Board shall appoint an Executive Director, who shall be the managing and administrative officer of the System:(1) The Executive Director shall perform the duties and services as may, from time to time, be requested or directed by the State Board, and who shall attend all regular meetings of the State Board.(2) The Executive Director shall be responsible to the State Board for the day-to-day operation of the System, and shall on behalf of the State Board:(A) Be responsible for the transmittal of communications from the State Board to the existing local boards of participating municipalities;(B) Receive payroll and employment reports from participating municipalities and maintain current employment earnings and contribution data on each covered member of each participating municipality;(C) Coordinate the activities of all other advisors, consultants, agents or employees appointed by the State Board;(D) Maintain all necessary records reflecting the operation and administration of the System and submit detailed reports thereof to the State Board at each regular meeting of the State Board and such other time or times as requested by the State Board;(E) Process all claims for payment of benefits or expenses for approval by the State Board; and(F) File on behalf of the State Board such reports or other information as shall be required by any state or federal law or regulations.