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The Oklahoma Police Pension and Retirement System was established January 1, 1981, to provide pension and other specified benefits for members who are qualified police officers and/or their beneficiaries of the participating municipalities. The mission of the System is to provide secure retirement benefits for members and their beneficiaries.
Oklahoma Police pension and retirement system. Monday – Friday: 8:00 AM to 4:30 PM. 1001 NW 63rd Street, Suite 305. Oklahoma City, OK 73116-7335. Phone : 405-840-3555.
11 Απρ 2024 · The Oklahoma Police Pension and Retirement System serves as the primary pension provider for participating police officers across the state. OPPRS is structured to invest member and employer contributions, as well as other assets, over the long-term in order to provide sustained pension benefits.
The Oklahoma Police Pension and Retirement Board is a thirteen (13) member Board. Seven Board members are elected by members of the System (six are active police officers, and one is a retired member). One Board member is appointed by the Governor, one by the Speaker of the House, one by the President
The System provides pension benefits such as normal retirement, disability retirement, surviving spouse benefits and a death benefit. The System receives its funding from employer and member contributions, a portion of the state insurance premium tax and returns on investments.
OPPRS Overview. The Oklahoma Police Pension and Retirement System is the most well funded large plan in the State of Oklahoma. Actuarial funded status is 94.6% as of June 30, 2014. GASB 67 funded status is 101.53%, as of June 30, 2014.
22 ώρες πριν · The Oklahoma Police Pension and Retirement System is 96.5% funded. It has a five-year amortization period and a $3.3 billion actuarial value. Employers contribute 13% currently to the defined ...
