Plan Data | Public Plans Data

Oklahoma Municipal Employees Basics

Established 1966
Currently open to new hires
Plan covers local employees
Plan members covered by Social Security
Multiple employer, agent plan

Assets, Participants, and Benefits

State and local government pension benefits are paid from trust funds to which public employees and their employers contributed while they were working, not from general operating revenues. Trust fund assets are invested and grow over time. The combined value of defined benefit plan assets held by state and local governments as of Q2 2022 decreased to $5.3 trillion, from $5.7 trillion as of Q2 2022 (Federal Reserve Flow of Funds, June 2024). PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Assets at Year-End, Oklahoma Municipal Employees, 2001-2023

Fiscal Year	Net Assets (billions)
2001	0.22
2002	0.20
2003	0.20
2004	0.23
2005	0.25
2006	0.26
2007	0.31
2008	0.29
2009	0.24
2010	0.27
2011	0.34
2012	0.35
2013	0.41
2014	0.47
2015	0.49
2016	0.49
2017	0.54
2018	0.57
2019	0.60
2020	0.61
2021	0.75
2022	0.65
2023	0.69

Source: Public Plans Database

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State and local employees make up around 10-15 percent of the US workforce. About a quarter of public sector workers are covered by a public pension in lieu of Social Security, including nearly half of all teachers and over two-thirds of firefighters and public safety officers. Public employees live in every city and county in the nation; more than 90 percent retire in the same jurisdiction where they worked. PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Number of Actives per Annuitant, 2001-2022

Fiscal Year	Oklahoma Municipal Employees	US State and Local Pensions
2001	3.3	2.4
2002	3.3	2.3
2003	3.1	2.2
2004	3.1	2.1
2005	3.2	2.1
2006	3.1	2.0
2007	3.1	2.0
2008	3.0	1.9
2009	3.0	1.9
2010	2.9	1.8
2011	2.7	1.7
2012	2.6	1.6
2013	2.5	1.5
2014	2.3	1.4
2015	2.2	1.4
2016	2.0	1.4
2017	2.0	1.4
2018	1.9	1.3
2019	1.8	1.3
2020	1.8	1.3
2021	1.7	1.2
2022	1.7	1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Membership for Oklahoma Municipal Employees

Actives	Beneficiaries	Total Membership
3,802	2,279	6,735

Source: Public Plans Database

Costs

The Annual Required Contribution (ARC) is the amount needed to finance benefits accrued each year, plus the cost to amortize unfunded liabilities from past years, minus required employee contributions. It is a projection that matches a yearly payment amount to a particular amortization period, taking into consideration an assortment of assumptions adopted by the plan. In practice, all plans do not calculate the ARC in the same manner. Assumptions used to calculate the ARC reflect actual plan experience, including investment return , actuarial cost, salary growth, total payroll growth and mortality, as well as an adopted amortization method. These assumptions and methods will differ from one plan another, so caution should be taken when comparing ARC between plans. PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Oklahoma Municipal Employees, 2001-2023

Fiscal Year	Portion of Employer ARC paid	Portion of Employer ARC left unpaid	US Avg Employer ARC	ARC as a Percent of Payroll
2001	4.6	0.0	5.3	2.9
2002	2.5	0.0	5.2	2.5
2003	9.5	0.0	6.0	9.4
2004	11.5	0.0	7.8	11.0
2005	12.4	0.0	9.6	11.9
2006	12.4	0.1	9.9	12.6
2007	12.7	0.0	10.6	12.6
2008	13.1	0.0	11.0	13.1
2009	13.7	0.0	11.0	13.6
2010	15.7	0.5	11.6	16.2
2011	16.2	0.5	13.4	16.7
2012	17.1	0.0	14.1	16.9
2013	18.4	0.0	15.1	17.2
2014	null	null	15.7	null
2015	null	null	15.7	null
2016	null	null	15.6	null
2017	null	null	15.5	null
2018	null	null	16.2	null
2019	null	null	16.4	null
2020	null	null	16.8	null
2021	null	null	17.4	null
2022	null	null	18.1	null
2023	null	null	17.4	null

Note: The employer's annual required contribution as a percent of payroll is calculated by dividing the dollar amount reported in the schedule of employer contributions by the covered payroll reported in the schedule of funding. The U.S. Average Employer data reflects the average for plans of similar type and social Security coverage to the plan.

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

While funded ratios among pension plans vary substantially, in the aggregate, public pension funding levels rose steadily during the 1990s, due largely to strong returns in global equity markets. Since then, sharp market downturns in 2000-02 and 2008-09 negatively affected asset values and increased unfunded pension liabilities and required contributions. A combination of the market downturns, insufficient contributions (for some plans), and increased benefit levels (also for some plans) resulted in a decline in aggregate funding level between 2001 and 2012, and has since remained relatively stable.

Actuarial Funded Ratio for Oklahoma Municipal Employees, 2001-2022

Fiscal Year	Oklahoma Municipal Employees	National Data
2001	114.6	101.7
2002	103.9	94.6
2003	95.3	88.8
2004	92.5	87.0
2005	90.4	85.4
2006	90.2	85.2
2007	88.9	86.3
2008	88.4	84.4
2009	79.2	78.4
2010	76.9	75.7
2011	77.3	74.3
2012	77.9	72.3
2013	79.9	71.8
2014	82.5	73.2
2015	88.9	73.2
2016	90.3	71.6
2017	90.1	72.0
2018	91.1	72.4
2019	88.9	72.5
2020	88.9	72.6
2021	93.8	75.8
2022	97.1	76.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

The major asset allocation classes presented in the PPD are generated from the specific asset classes that plans report. For consistent reporting in the PPD, the individual asset classes reported by plans are categorized as one of eight major asset classes: equity, fixed income, real estate, private equity, hedge funds, commodities, misc. alternative assets, cash, and other. For more details on the PPD allocation data please see documentation.

Asset Allocation for Oklahoma Municipal Employees, 2023

Category	Percent
Equities	null
Fixed Income	null
Private Equity	null
Real Estate	null
Cash	null
Other	null
Commodities	null
Hedge Fund	null
Misc. Alternatives	null

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2023

Category	Percent
Equities	42.2
Fixed Income	20.5
Private Equity	14.0
Real Estate	10.5
Cash	1.8
Other	0.1
Commodities	2.7
Hedge Fund	6.6
Misc. Alternatives	1.8

Note: The most recent year of data contains virtually all the plans in the PPD.

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Oklahoma Municipal Employees, 2001-2023

Fiscal Year	Equities	Fixed Income	Private Equity	Real Estate	Cash	Other	Commodities	Hedge Fund	Misc. Alternatives
2001	null	null	null	null	null	null	null	null	null
2002	null	null	null	null	null	null	null	null	null
2003	null	null	null	null	null	null	null	null	null
2004	null	null	null	null	null	null	null	null	null
2005	null	null	null	null	null	null	null	null	null
2006	null	null	null	null	null	null	null	null	null
2007	null	null	null	null	null	null	null	null	null
2008	null	null	null	null	null	null	null	null	null
2009	null	null	null	null	null	null	null	null	null
2010	null	null	null	null	null	null	null	null	null
2011	null	null	null	null	null	null	null	null	null
2012	null	null	null	null	null	null	null	null	null
2013	null	null	null	null	null	null	null	null	null
2014	null	null	null	null	null	null	null	null	null
2015	null	null	null	null	null	null	null	null	null
2016	null	null	null	null	null	null	null	null	null
2017	null	null	null	null	null	null	null	null	null
2018	null	null	null	null	null	null	null	null	null
2019	null	null	null	null	null	null	null	null	null
2020	null	null	null	null	null	null	null	null	null
2021	null	null	null	null	null	null	null	null	null
2022	null	null	null	null	null	null	null	null	null
2023	null	null	null	null	null	null	null	null	null

Source: Public Plans Database

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Annual Return as of June 30 for Oklahoma Municipal Employees, 2001-2023

Fiscal Year	Oklahoma Municipal Employees	Assumed return
2001	-7.79	7.50
2002	-8.69	7.50
2003	2.98	7.50
2004	13.27	7.50
2005	8.85	7.50
2006	8.21	7.50
2007	16.59	7.50
2008	-6.37	7.50
2009	-18.24	7.50
2010	14.51	7.50
2011	22.73	7.50
2012	2.06	7.50
2013	15.98	7.50
2014	16.48	7.50
2015	2.82	7.50
2016	0.89	7.50
2017	12.36	7.25
2018	7.27	7.25
2019	6.87	7.25
2020	4.08	7.25
2021	27.70	7.25
2022	-12.43	7.25
2023	9.13	7.25

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page. he FYE date for the majority of plans is either June 30th or December 31st. hose with FYE dates that do not fall on either of those two dates are compared with the June 30th plans. he PPD average return includes plans that report gross returns and returns net of fees.

Source: Public Plans Database

National data averages are weighted by plan size.

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Annualized 5-Year Return

Oklahoma Municipal Employees	PPD Sample
6.3	7.2

Annualized 10-Year Return

Oklahoma Municipal Employees	PPD Sample
7.1	7.8

Cash Flows

Cash Flow vs. Total Assets (Millions)
Oklahoma Municipal Employees
2001-2023

Fiscal Year	Cash Flow	Assets
2001	-4.5	221.9
2002	-2.4	200.3
2003	-2.9	202.9
2004	-2.3	227.3
2005	-0.8	246.7
2006	-2.3	264.6
2007	-0.8	307.6
2008	-2.9	285.1
2009	2.6	235.4
2010	2.4	272.2
2011	2.7	337.1
2012	2.8	346.8
2013	3.6	406.1
2014	1.8	474.7
2015	0.5	488.5
2016	-4.6	488.2
2017	-5.9	542.4
2018	-11.4	570.9
2019	-11.7	597.9
2020	-13.4	609.0
2021	-24.1	751.2
2022	-12.8	645.8
2023	-14.3	689.8

Source: Public Plans Database

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2023 Cash Flows for Oklahoma Municipal Employees (millions)

Inflows	Outflows	Investment Gains (losses)	Change in Net Assets
27.7	42.0	58.3	44.0

Source: Public Plans Database

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.

Cash Flow as a Percentage of Assets
Oklahoma Municipal Employees
2001-2023

Fiscal Year	Oklahoma Municipal Employees	National Average
2001	-2.0	-2.0
2002	-1.2	-2.4
2003	-1.4	-2.5
2004	-1.0	-1.8
2005	-0.3	-2.2
2006	-0.9	-2.2
2007	-0.3	-2.0
2008	-1.0	-2.1
2009	1.1	-3.1
2010	0.9	-3.2
2011	0.8	-3.0
2012	0.8	-3.2
2013	0.9	-3.1
2014	0.4	-2.9
2015	0.1	-2.7
2016	-0.9	-2.9
2017	-1.1	-2.8
2018	-2.0	-2.4
2019	-2.0	-2.4
2020	-2.2	-2.3
2021	-3.2	-2.0
2022	-2.0	-1.9
2023	-2.1	-1.9

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Oklahoma Municipal Employees benefit descriptions.

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Plan Data: Oklahoma Municipal Employees

Oklahoma Municipal Employees Basics

Assets, Participants, and Benefits

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2022 Membership for Oklahoma Municipal Employees

Costs

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Actuarial Funding

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Investments

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Annualized 5-Year Return

Annualized 10-Year Return

Cash Flows

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2023 Cash Flows for Oklahoma Municipal Employees (millions)

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2022 Financial Reports

Benefits

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