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 | 10,715.9 | 72,331 | 98.5 | 304.2 | Oklahoma Public Employees Retirement System |
Oklahoma Teachers | 20,383.8 | 185,428 | 75.1 | 108.4 | Oklahoma Teachers Retirement System |
Oklahoma Police | 3,023.3 | 9,452 | 106.1 | 267.3 | Oklahoma Police Pension and Retirement System |
Oklahoma City ERS | 842.2 | 4,408 | 101.4 | 105.8 | Oklahoma City Employee Retirement System |
Oklahoma Municipal Employees | 689.8 | 6,735 | 97.1 | Oklahoma Municipal Employees | |
Oklahoma Fire | 3,136.7 | 10,631 | 72.8 | 105.3 | Oklahoma Fire |
Source: Public Plans Database (as of 2023)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2022
Fiscal Year | OK | US |
---|---|---|
2001 | 7.9 | 2.9 |
2002 | 7.3 | 3.0 |
2003 | 7.0 | 3.4 |
2004 | 6.6 | 4.2 |
2005 | 7.0 | 3.8 |
2006 | 8.3 | 3.7 |
2007 | 6.7 | 3.9 |
2008 | 7.1 | 4.2 |
2009 | 6.6 | 4.4 |
2010 | 6.7 | 4.6 |
2011 | 6.5 | 4.9 |
2012 | 7.5 | 5.0 |
2013 | 5.4 | 5.2 |
2014 | 5.3 | 5.6 |
2015 | 5.4 | 5.8 |
2016 | 5.1 | 6.1 |
2017 | 4.3 | 6.0 |
2018 | 3.8 | 6.4 |
2019 | 4.2 | 6.2 |
2020 | 3.9 | 6.6 |
2021 | 3.5 | 6.3 |
2022 | 4.3 | 7.5 |