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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.
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 ...
A critical issue affecting Oklahoma’s education system needs attention: the impending expiration of Oklahoma legislation that provides exceptions to salary cap limitations for retired teachers ...
The retirement system's letter to the State Pension Commission, dated Nov. 9, said the system's board properly followed the law in taking an exemption. The pension system’s request for proposal ...
However, her plans for retirement took an unexpected turn when she discovered the intricacies of the pension system. When she retired, Cosgrove's reduced payments affected her ability to pay bills ...
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
Each year for a decade, State Teachers Retirement System cut teacher benefits while rewarding themselves with shameless pay raises and sham bonuses.