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 | 9,722.5 | 75,376 | 93.3 | 232.8 | Oklahoma Public Employees Retirement System |
Oklahoma Teachers | 17,083.5 | 170,340 | 67.3 | 100.8 | Oklahoma Teachers Retirement System |
Oklahoma Police | 2,621.3 | 9,065 | 100.8 | 214.1 | Oklahoma Police Pension and Retirement System |
Oklahoma City ERS | 760.4 | 4,273 | 96.1 | 99.2 | Oklahoma City Employee Retirement System |
Oklahoma Municipal Employees | 609.0 | 6,583 | 88.9 | Oklahoma Municipal Employees | |
Oklahoma Fire | 2,871.1 | 9,978 | 70.4 | 25.6 | Oklahoma Fire |
Source: Public Plans Database (as of 2020)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2019
Fiscal Year | OK | US |
---|---|---|
2001 | 5.2 | 2.9 |
2002 | 4.8 | 3.0 |
2003 | 4.6 | 3.4 |
2004 | 4.0 | 4.2 |
2005 | 4.7 | 3.8 |
2006 | 4.7 | 3.7 |
2007 | 5.2 | 3.9 |
2008 | 5.3 | 4.2 |
2009 | 5.1 | 4.4 |
2010 | 5.6 | 4.6 |
2011 | 5.1 | 4.9 |
2012 | 5.5 | 5.0 |
2013 | 5.5 | 5.2 |
2014 | 5.5 | 5.6 |
2015 | 5.7 | 5.8 |
2016 | 6.1 | 6.1 |
2017 | 5.8 | 6.0 |
2018 | 5.1 | 6.4 |
2019 | 5.3 | 6.2 |