Oklahoma State Pension Commission

The State Pension Commission provides guidance to the Governor of Oklahoma and the Oklahoma Legislature concerning the state's public retirement systems, including identifying problems and areas of abuse, projecting costs of existing systems and modifications to those systems, and recommending pension reform programs. Funding for the Commission is apportioned among the public pension systems in proportion to the percentage that each system's assets to the combined total of the assets of all systems.

The chief duty of the Commission is to publish on a quarterly basis a performance report analyzing the performance of each of the above state pension systems. The report includes rates of return on each systems' investments and details the solvency of each custodian bank or trust companies holding system funds. The Commission also analyses the investment plans developed by each system. Upon review, the Commission makes recommendations on administrative and legislative changes which are necessary to improve the performance of the retirement systems.

The Commission has no responsibility for or power over the actual day-to-day management or policy decisions of the various systems.

The Pension Commission is responsible for overseeing financial status and conditions of the following:

• Oklahoma Firefighters Pension and Retirement System
• Oklahoma Police Pension and Retirement System
• Oklahoma Uniform Retirement System for Justices and Judges
• Oklahoma Law Enforcement Retirement System
• Oklahoma Teachers' Retirement System
• Oklahoma Public Employees Retirement System
• Oklahoma Department of Wildlife Conservation Retirement System

• Official Oklahoma State Pension Commission website

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