Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
Oklahoma PERS | 11,723.1 | 71,839 | 102.7 | 290.1 | Oklahoma Public Employees Retirement System |
Oklahoma Teachers | 22,471.3 | 205,396 | 77.0 | 105.1 | Oklahoma Teachers Retirement System |
Oklahoma Police | 3,183.1 | 10,848 | 96.5 | 297.8 | Oklahoma Police Pension and Retirement System |
Oklahoma City ERS | 4,458 | 98.3 | Oklahoma City Employee Retirement System | ||
Oklahoma Municipal Employees | 750.3 | 6,893 | 94.9 | Oklahoma Municipal Employees | |
Oklahoma Fire | 3,377.2 | 71.7 | 117.5 | Oklahoma Fire |
Source: Public Plans Database (as of 2024)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2024
Fiscal Year | OK | US |
---|---|---|
2001 | 7.8 | 2.9 |
2002 | 7.1 | 3.0 |
2003 | 6.8 | 3.4 |
2004 | 6.6 | 4.2 |
2005 | 6.9 | 3.8 |
2006 | 7.9 | 3.7 |
2007 | 6.3 | 3.9 |
2008 | 6.6 | 4.2 |
2009 | 6.6 | 4.4 |
2010 | 6.6 | 4.6 |
2011 | 6.5 | 4.9 |
2012 | 6.9 | 5.0 |
2013 | 5.0 | 5.2 |
2014 | 5.1 | 5.6 |
2015 | 5.3 | 5.8 |
2016 | 4.8 | 6.1 |
2017 | 4.4 | 6.1 |
2018 | 4.1 | 6.4 |
2019 | 4.0 | 6.2 |
2020 | 3.7 | 6.7 |
2021 | 3.4 | 6.3 |
2022 | 3.8 | 6.7 |
2023 | 5.4 | 6.9 |
2024 | 6.0 | 7.1 |