Okla. Stat. tit. 11, § 11-49-100.3: Firefighters Pension and Retirement Board

A. There shall be an Oklahoma Firefighters Pension and

Retirement Board which shall be composed of thirteen (13) members as

follows:

1. Five members shall be the Board of Trustees of the Oklahoma

Firefighters Association;

2. One member shall be the President of the Professional Fire

Fighters of Oklahoma or his designee. The designee shall be a

member of the Professional Fire Fighters of Oklahoma;

3. One member shall be the President of the Oklahoma State

Retired Fire Fighters Association or his designee. The designee

shall be a member of the Oklahoma State Retired Fire Fighters

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 members shall be appointed by the President of the

Oklahoma Municipal League;

7. One member shall be the State Insurance Commissioner or his

designee; and

8. One member shall be the Director of the Office of Management

and Enterprise Services or his designee.

B. 1. The terms of office of the members appointed to the

State Board by the President of the Oklahoma Municipal League who

are members of the State Board on the operative date of this act

shall expire on July 1, 1989. The members appointed to fill the

positions that expire on July 1, 1989, shall serve initial terms of

office as follows:

a. the term of office of one of the members appointed by

the President of the Oklahoma Municipal League shall

expire on July 1, 1990; and

b. the term of office of one of the members appointed by

the President of the Oklahoma Municipal League shall

expire on July 1, 1992.

Thereafter, the terms of office of the members of the State

Board appointed by the President of the Oklahoma Municipal League

shall be four (4) years.

2. The term of office of the member appointed to the State

Board by the Speaker of the House of Representatives and the term of

office of the member appointed to the State Board by the President

Pro Tempore of the Senate who are members of the State Board on the

operative date of this act shall expire on January 3, 1989. The

members thereafter appointed shall serve terms of office of four (4)

years.

3. Vacancies shall be filled for the unexpired term of office

in the same manner as the original appointment was made.

C. Those members appointed to the State Board by the President

of the Oklahoma Municipal League, the Speaker of the House of

Representatives and the President Pro Tempore of the Senate or who

are designees of an ex officio member of the State Board shall:

1. Have demonstrated professional experience in investment or

funds management, public funds management, public or private pension

fund management or retirement system management; or

2. Have demonstrated experience in the banking profession and

have demonstrated professional experience in investment or funds

management; or

3. Be licensed to practice law in this state and have

demonstrated professional experience in commercial matters; or

4. Be licensed by the Oklahoma Accountancy Board to practice in

this state as a public accountant or a certified public accountant.

The appointing authorities, in making appointments that conform

to the requirements of this subsection, shall give due consideration

to balancing the appointments among the criteria specified in

paragraphs 1 through 4 of this subsection.

D. No member of the State Board shall be a lobbyist registered

in this state as provided by law.

E. Notwithstanding any of the provisions of this section to the

contrary, any person serving as an appointed member of the State

Board on the operative date of this act shall be eligible for

reappointment when the term of office of the member expires.

F. The State Board shall elect one of its members as Chairman

the State Board shall be a lobbyist registered

in this state as provided by law.

E. Notwithstanding any of the provisions of this section to the

contrary, any person serving as an appointed member of the State

Board on the operative date of this act shall be eligible for

reappointment when the term of office of the member expires.

F. The State Board shall elect one of its members as Chairman

at its annual meeting. The Chairman shall preside over meetings of

the State Board and perform such other duties as may be required by

the State Board. The State Board shall also elect another member to

serve as Vice Chairman, and the Vice Chairman shall perform duties

of Chairman in the absence of the latter or upon the Chairman's

inability or refusal to act.

G. Prior to February 6, 1995, the State Board shall be

prevented from making any payment or granting any benefit, with the

exception of disability benefits for which provisions are otherwise

made in Section 49-100.1 et seq. of this title, the actuarial

liability for which has not been included in such Board's annual

actuarial report prior to May 1, 1994.

H. The State Board shall adopt a cost of living adjustment

actuarial assumption in its annual actuarial valuation report.