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 | 12,067.7 | 74,195 | 99.5 | 122.5 | Oklahoma Public Employees Retirement System |
Oklahoma Teachers | 22,052.1 | 170,611 | 71.5 | 92.8 | Oklahoma Teachers Retirement System |
Oklahoma Police | 3,290.0 | 9,159 | 104.6 | 162.9 | Oklahoma Police Pension and Retirement System |
Oklahoma City ERS | 944.1 | 4,257 | 98.3 | 99.8 | Oklahoma City Employee Retirement System |
Oklahoma Municipal Employees | 751.2 | 6,574 | 93.8 | Oklahoma Municipal Employees | |
Oklahoma Fire | 3,520.8 | 10,129 | 71.7 | Oklahoma Fire |
Source: Public Plans Database (as of 2021)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2021
Fiscal Year | OK | US |
---|---|---|
2001 | 7.1 | 2.9 |
2002 | 6.5 | 3.0 |
2003 | 6.2 | 3.4 |
2004 | 5.7 | 4.2 |
2005 | 6.0 | 3.8 |
2006 | 7.0 | 3.7 |
2007 | 5.3 | 3.9 |
2008 | 6.4 | 4.2 |
2009 | 6.4 | 4.4 |
2010 | 6.8 | 4.6 |
2011 | 6.6 | 4.9 |
2012 | 7.2 | 5.0 |
2013 | 5.3 | 5.2 |
2014 | 5.2 | 5.6 |
2015 | 5.2 | 5.8 |
2016 | 5.1 | 6.1 |
2017 | 4.6 | 6.0 |
2018 | 4.1 | 6.4 |
2019 | 4.2 | 6.2 |
2020 | 3.9 | 6.6 |
2021 | 3.7 | 6.8 |