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Oklahoma Teacher's Retirement System (OTRS) is the pension program for public education employees in the State of Oklahoma. As of June 30, 2014, the program had nearly 168,000 members. [ 1 ] Public education teachers and administrators are required to be OTRS members; support staff can join voluntarily. [ 1 ]
The Oklahoma Public Employees Retirement System (OPERS) is an agency of the government of Oklahoma that manages the public pension system for majority of Oklahoma state employees. 74 Okla.Statutes §§901 et seq. The System provides pension benefits such as normal retirement, disability retirement, surviving spouse benefits and a death benefit.
In another study, Equable Institute found that the total lifetime value of teacher pension benefits have declined by $100,000 on average (13%) since 2005. A teacher hired for the 2005 school year can expect to earn $768,000 in retirement benefits, where as a teacher hired for the 2023 school year can expect to earn $668,000. [19
House Bill 3454, authored by Rep. Anthony Moore, R-Clinton, would expand Oklahoma's Promise eligibility to children of certified, full-time teachers who have been employed by a public-school ...
This legislation would provide an essential tool to reach experienced teachers and help entice them back to the classroom. Oklahoma has a teacher shortage crisis. How do we entice them back to the ...
Aug. 20—To help locals launch their new careers and a new school year, the Oklahoma Retired Educators Association (OREA) presented first-year teachers with $100 to start out the new school year.
This is an incomplete list of Oklahoma state agencies. The state agencies make up the machinery of government for the state. All agencies are within one of the three branches of the government of Oklahoma .
She also noted how the program also benefits its participants, as they go from a job that pays about $16,000-$17,000 annually to a teacher’s salary that’s more than twice that, along with the ...