Oklahoma PERS Basics

  • Established 1964
  • Currently open to new hires
  • Plan covers state and local employees
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Oklahoma PERS, 2001-2019

Fiscal Year Net Assets (billions)
2001 4.8
2002 4.5
2003 4.6
2004 5.1
2005 5.5
2006 5.8
2007 6.6
2008 6.3
2009 5.2
2010 5.8
2011 6.8
2012 6.8
2013 7.4
2014 8.6
2015 8.6
2016 8.4
2017 8.9
2018 9.4
2019 9.6

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Oklahoma PERS US State and Local Pensions
2001 2.1 2.5
2002 2.1 2.4
2003 2.0 2.3
2004 1.9 2.2
2005 1.8 2.1
2006 1.9 2.1
2007 1.8 2.0
2008 1.7 2.0
2009 1.7 1.9
2010 1.6 1.8
2011 1.4 1.7
2012 1.4 1.6
2013 1.4 1.5
2014 1.4 1.5
2015 1.3 1.5
2016 1.2 1.4
2017 1.1 1.4
2018 1.0 1.3
2019 1.0 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Oklahoma PERS, 2001-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2001 10.0 2.9 5.0 12.9 12.9
2002 9.6 3.3 4.8 13.0 13.0
2003 9.7 6.7 5.7 16.5 16.5
2004 9.6 8.9 7.3 18.6 18.6
2005 9.6 8.7 9.0 18.3 18.3
2006 10.9 8.8 9.3 19.8 19.8
2007 12.2 8.7 10.0 20.8 20.8
2008 13.1 8.5 10.4 21.6 21.6
2009 14.0 4.6 10.2 18.6 18.6
2010 15.4 7.7 10.5 23.1 23.1
2011 16.1 9.5 12.5 25.6 25.6
2012 16.1 0.0 12.9 14.7 14.7
2013 15.9 0.0 13.9 15.1 15.1
2014 16.1 0.0 14.5 14.8 14.8
2015 16.2 0.0 14.9 11.1 11.1
2016 16.5 0.0 14.8 9.2 9.2
2017 16.0 0.0 15.1 10.4 10.4
2018 16.2 0.0 18.1 10.5 10.5
2019 16.6 0.0 18.9 8.2 8.2

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Oklahoma PERS, 2001-2019

Fiscal Year Oklahoma PERS National Data
2001 82.6 106.5
2002 79.8 101.1
2003 76.8 94.2
2004 76.0 93.1
2005 72.0 91.1
2006 71.4 90.5
2007 72.6 91.2
2008 73.0 90.2
2009 66.8 83.2
2010 66.0 81.5
2011 80.7 80.4
2012 80.2 78.9
2013 81.6 78.7
2014 88.6 79.0
2015 93.6 78.2
2016 93.2 76.3
2017 94.5 76.4
2018 97.7 76.5
2019 98.6 76.0

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

Investments

Asset Allocation for Oklahoma PERS, 2019

Category Percent
Equities 68.2
Fixed Income 31.5
Private Equity 0.0
Real Estate 0.0
Cash 0.3
Other 0.0
Commodities 0.0
Hedge Fund 0.0
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.1
Fixed Income 22.6
Private Equity 9.3
Real Estate 9.1
Cash 1.6
Other 0.0
Commodities 1.9
Hedge Fund 6.8
Misc. Alternatives 1.6

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Oklahoma PERS, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 57.1 42.4 0.0 0.0 0.5 0.0 0.0 0.0 0.0
2002 56.0 43.0 0.0 0.0 1.0 0.0 0.0 0.0 0.0
2003 57.5 42.1 0.0 0.0 0.4 0.0 0.0 0.0 0.0
2004 60.2 39.5 0.0 0.0 0.3 0.0 0.0 0.0 0.0
2005 60.5 39.2 0.0 0.0 0.3 0.0 0.0 0.0 0.0
2006 63.8 35.8 0.0 0.0 0.4 0.0 0.0 0.0 0.0
2007 63.6 36.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0
2008 61.8 37.8 0.0 0.0 0.4 0.0 0.0 0.0 0.0
2009 62.2 37.5 0.0 0.0 0.3 0.0 0.0 0.0 0.0
2010 61.1 38.4 0.0 0.0 0.5 0.0 0.0 0.0 0.0
2011 66.9 32.8 0.0 0.0 0.3 0.0 0.0 0.0 0.0
2012 63.8 35.9 0.0 0.0 0.3 0.0 0.0 0.0 0.0
2013 67.3 32.4 0.0 0.0 0.3 0.0 0.0 0.0 0.0
2014 70.2 29.5 0.0 0.0 0.3 0.0 0.0 0.0 0.0
2015 69.7 30.0 0.0 0.0 0.3 0.0 0.0 0.0 0.0
2016 67.1 32.5 0.0 0.2 0.2 0.0 0.0 0.0 0.0
2017 68.3 31.3 0.0 0.1 0.3 0.0 0.0 0.0 0.0
2018 69.8 29.8 0.0 0.1 0.3 0.0 0.0 0.0 0.0
2019 68.2 31.5 0.0 0.0 0.3 0.0 0.0 0.0 0.0

Source: Public Plans Database


Annual Return as of June 30 for Oklahoma PERS, 2001-2019

Fiscal Year Oklahoma PERS Assumed return
2001 -5.90 7.50
2002 -5.10 7.50
2003 5.70 7.50
2004 14.00 7.50
2005 10.50 7.50
2006 8.00 7.50
2007 16.40 7.50
2008 -4.20 7.50
2009 -15.40 7.50
2010 13.80 7.50
2011 21.20 7.50
2012 2.44 7.50
2013 12.03 7.50
2014 18.00 7.50
2015 3.20 7.50
2016 0.30 7.50
2017 12.80 7.00
2018 8.40 7.00
2019 6.10 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Oklahoma PERS
2001-2019

Fiscal Year Cash Flow Assets
2001 -118.9 4,815.3
2002 -78.9 4,485.5
2003 -106.8 4,619.1
2004 -129.1 5,126.4
2005 -144.3 5,504.5
2006 -122.3 5,817.2
2007 -115.5 6,640.5
2008 -108.6 6,255.2
2009 -114.4 5,173.5
2010 -116.1 5,774.4
2011 -160.1 6,841.0
2012 -174.4 6,821.3
2013 -183.7 7,441.8
2014 -189.7 8,570.1
2015 -198.0 8,636.4
2016 -216.6 8,435.6
2017 -255.3 8,914.0
2018 -288.0 9,360.9
2019 -312.0 9,593.1

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Oklahoma PERS
2001-2019

Fiscal Year Oklahoma PERS National Average
2001 -2.5 -2.3
2002 -1.8 -2.3
2003 -2.3 -2.6
2004 -2.5 -1.7
2005 -2.6 -1.9
2006 -2.1 -1.9
2007 -1.7 -1.7
2008 -1.7 -1.9
2009 -2.2 -2.7
2010 -2.0 -2.9
2011 -2.3 -2.8
2012 -2.6 -3.1
2013 -2.5 -3.0
2014 -2.2 -2.7
2015 -2.3 -2.8
2016 -2.6 -3.0
2017 -2.9 -2.9
2018 -3.1 -2.4
2019 -3.3 -2.7

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Oklahoma PERS benefit descriptions.