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Oklahoma Teacher's Retirement System (OTRS) is the pension program for public education employees in the State of Oklahoma. As of June 30, 2014, the program had nearly 168,000 members. [ 1 ] Public education teachers and administrators are required to be OTRS members; support staff can join voluntarily. [ 1 ]
The Oklahoma Public Employees Retirement System (OPERS) is an agency of the government of Oklahoma that manages the public pension system for majority of Oklahoma state employees. 74 Okla.Statutes §§901 et seq. The System provides pension benefits such as normal retirement, disability retirement, surviving spouse benefits and a death benefit.
The State Pension Commission provides guidance to the Governor of Oklahoma and the Oklahoma Legislature concerning the state's public retirement systems, including identifying problems and areas of abuse, projecting costs of existing systems and modifications to those systems, and recommending pension reform programs. Funding for the Commission ...
This legislation would provide an essential tool to reach experienced teachers and help entice them back to the classroom.
The exemptions illustrate how tricky it’s been for pension funds to navigate the Oklahoma Energy Discrimination Elimination Act. Oklahoma treasurer criticizes pension system for taking exemption ...
Lawmakers approved a bill that raises teachers' pay by an average $6,100 annually. It is the first raise since 2007 and the largest in the state's history. Oklahoma raises teacher pay, teachers ...
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
While the Department establishes rules for the classification, inspection and accreditation of public schools under the jurisdiction of the Oklahoma Department of Corrections, the Department must recognize that the Director of the Oklahoma Department of Corrections is the administrative authority for those schools for the appointment of the ...