Oklahoma Teachers Basics

  • Established 1943
  • Currently open to new hires
  • Plan covers teachers
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

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

Fiscal Year Net Assets (billions)
2001 6.0
2002 5.7
2003 5.9
2004 7.0
2005 7.5
2006 8.2
2007 9.7
2008 8.9
2009 7.5
2010 8.4
2011 10.2
2012 10.2
2013 11.8
2014 14.4
2015 14.6
2016 14.0
2017 15.6
2018 16.8
2019 17.3

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Oklahoma Teachers US State and Local Pensions
2001 2.4 2.4
2002 2.3 2.4
2003 2.2 2.3
2004 2.1 2.2
2005 2.1 2.1
2006 2.1 2.1
2007 2.0 2.0
2008 2.0 2.0
2009 1.9 1.9
2010 1.8 1.8
2011 1.7 1.7
2012 1.7 1.6
2013 1.6 1.5
2014 1.6 1.5
2015 1.5 1.4
2016 1.5 1.4
2017 1.4 1.4
2018 1.4 1.4
2019 1.4 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 Teachers, 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 11.0 4.1 5.9 15.1 15.1
2002 12.0 6.3 5.5 18.3 18.3
2003 11.9 7.3 6.3 19.2 19.2
2004 12.4 5.3 7.8 17.6 17.6
2005 12.8 10.0 9.5 22.7 22.7
2006 13.7 2.3 10.5 16.0 16.0
2007 14.9 1.1 11.4 16.0 16.0
2008 15.9 0.0 11.9 15.7 15.7
2009 16.2 2.5 12.2 18.8 18.8
2010 16.1 3.2 14.7 19.3 19.3
2011 16.9 4.9 16.7 21.8 21.8
2012 17.4 0.0 17.7 15.0 15.0
2013 17.8 0.0 19.0 15.8 15.8
2014 17.7 0.0 19.8 15.1 15.1
2015 17.2 0.0 20.3 13.0 13.0
2016 17.0 0.0 20.3 17.0 17.0
2017 17.0 0.0 20.4 16.8 16.8
2018 17.9 0.0 21.1 16.7 16.7
2019 17.8 0.0 21.7 16.6 16.6

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Oklahoma Teachers, 2001-2019

Fiscal Year Oklahoma Teachers National Data
2001 51.4 105.5
2002 51.4 96.9
2003 54.0 93.1
2004 47.3 89.4
2005 49.5 85.5
2006 49.3 84.8
2007 52.6 85.3
2008 50.5 83.7
2009 49.8 78.6
2010 47.9 75.5
2011 56.7 72.8
2012 54.8 69.9
2013 57.2 68.9
2014 63.2 70.5
2015 66.6 70.7
2016 65.7 70.2
2017 70.4 70.8
2018 72.9 72.0
2019 72.4 71.3

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 Teachers, 2019

Category Percent
Equities 57.0
Fixed Income 23.5
Private Equity 10.8
Real Estate 7.8
Cash 0.9
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 Teachers, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 59.1 37.0 0.0 0.0 3.9 0.0 0.0 0.0 0.0
2002 58.1 36.8 0.0 0.0 5.1 0.0 0.0 0.0 0.0
2003 67.3 26.2 0.0 0.0 6.5 0.0 0.0 0.0 0.0
2004 69.6 23.1 0.0 0.0 7.3 0.0 0.0 0.0 0.0
2005 68.4 26.8 0.0 0.0 4.8 0.0 0.0 0.0 0.0
2006 66.4 27.9 0.0 0.0 5.7 0.0 0.0 0.0 0.0
2007 68.0 27.1 0.0 0.0 4.9 0.0 0.0 0.0 0.0
2008 64.3 30.9 0.0 0.0 4.8 0.0 0.0 0.0 0.0
2009 54.9 43.2 0.0 0.0 1.9 0.0 0.0 0.0 0.0
2010 60.7 39.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2011 60.0 32.0 5.5 0.4 2.1 0.0 0.0 0.0 0.0
2012 58.0 29.1 6.4 4.7 0.0 0.0 0.0 1.8 0.0
2013 60.2 25.0 8.4 4.4 2.0 0.0 0.0 0.0 0.0
2014 62.3 20.4 11.4 4.4 0.0 0.0 0.0 1.2 0.0
2015 61.6 20.4 11.3 5.3 0.3 0.0 0.0 1.1 0.0
2016 55.8 22.6 13.2 7.0 0.3 0.0 0.0 1.1 0.0
2017 57.8 23.6 11.3 7.2 0.1 0.0 0.0 0.0 0.0
2018 58.4 22.2 11.6 7.4 0.5 0.0 0.0 0.0 0.0
2019 57.0 23.5 10.8 7.8 0.9 0.0 0.0 0.0 0.0

Source: Public Plans Database


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

Fiscal Year Oklahoma Teachers Assumed return
2001 -2.30 8.00
2002 -5.40 8.00
2003 5.30 8.00
2004 20.60 8.00
2005 10.40 8.00
2006 9.70 8.00
2007 18.50 8.00
2008 -7.20 8.00
2009 -15.54 8.00
2010 17.00 8.00
2011 23.50 8.00
2012 1.80 8.00
2013 17.80 8.00
2014 22.40 8.00
2015 3.50 8.00
2016 -2.00 7.50
2017 15.28 7.50
2018 9.70 7.50
2019 5.20 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

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

Fiscal Year Cash Flow Assets
2001 -56.5 6,050.0
2002 -27.3 5,696.9
2003 -99.6 5,863.3
2004 -89.9 6,951.8
2005 -102.8 7,541.0
2006 -68.6 8,175.3
2007 1.1 9,651.0
2008 17.2 8,945.9
2009 -41.6 7,452.2
2010 -37.4 8,352.0
2011 -94.1 10,156.4
2012 -99.5 10,194.7
2013 -136.9 11,835.5
2014 -196.0 14,439.5
2015 -227.8 14,644.1
2016 -295.5 13,994.0
2017 -376.2 15,637.8
2018 -350.4 16,795.7
2019 -328.7 17,283.9

Source: Public Plans Database


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

Fiscal Year Oklahoma Teachers National Average
2001 -0.9 -2.4
2002 -0.5 -3.3
2003 -1.7 -3.6
2004 -1.3 -3.4
2005 -1.4 -3.5
2006 -0.8 -3.3
2007 0.0 -3.1
2008 0.2 -4.0
2009 -0.6 -4.9
2010 -0.4 -4.9
2011 -0.9 -4.2
2012 -1.0 -4.3
2013 -1.2 -4.3
2014 -1.4 -3.4
2015 -1.6 -3.2
2016 -2.1 -3.5
2017 -2.4 -3.3
2018 -2.1 -3.1
2019 -1.9 -3.1

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Oklahoma Teachers benefit descriptions.