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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
This legislation would provide an essential tool to reach experienced teachers and help entice them back to the classroom.
Employee benefits in the United States include relocation assistance; medical, prescription, vision and dental plans; health and dependent care flexible spending accounts; retirement benefit plans (pension, 401(k), 403(b)); group term life insurance and accidental death and dismemberment insurance plans; income protection plans (also known as ...
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 ...
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.
Health Care Authority Medicaid Program Fund 26.38% Mental Health and Substance Abuse Services Fund 2.65% Breast and Cervical Cancer Treatment Fund 0.44% Teachers' Retirement System Revolving Fund 1% Education Reform Fund 2.07% Tobacco Prevention and Cessation Fund 0.66% General Fund 16.83% County and City Governments 14.23%