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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 ...
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 ...
The Oklahoma Public Employees Retirement System has responded to a September letter sent by the Oklahoma State Pension Commission at Russ’ request criticizing its process for taking an exemption ...
Public Employees Retirement Board; Oklahoma Tax Commission; Oklahoma Police Pension and Retirement System. Police Pension and Retirement Board; Property and Casualty Insurance Guaranty Association; Property and Casualty Rates Board; Special Agency Account Board; Oklahoma State Banking Department. Oklahoma State Banking Board (governing body of ...
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 ]
Law Enforcement Retirement System: 5: $5,102,979.64: Provides retirement benefits for State government law enforcement officers Public Employees Retirement System: 56: $8,104,415.50: Provides retirement benefits for State employees Police Pension and Retirement System: 11: $2,906,977.98: Provides retirement benefits for State's police officers ...
The System provides pension benefits such as normal retirement, disability retirement, surviving spouse benefits and a death benefit. The System receives its funding from employer and member contributions, a portion of the state insurance premium tax and returns on investments. The System is overseen by a 13-member Board of Trustees, which is ...