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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.
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 ...
As reported by the Oklahoma State Department of Education in its 2021 Oklahoma Educator Supply and Demand Report, about 45,051 teachers are employed in the state. This teacher count is on par with ...
The Legislature will make the final call on teacher pay and education funding levels after Oklahoma State Board of Education voted for pay raise.
The state teacher-of-the-year contest finalists usually are introduced in October; ... (Teacher Retirement System) office to begin the retirement process,” Rock wrote. ... Oklahoma State ...
Provides retirement benefits for State's police officers Teachers’ Retirement System: 41: $321,930,938.55: Provides retirement benefits for State's teachers Pension Commission: N/A: N/A: Oversees all public pension systems Board of Equalization: N/A: N/A: Estimates State revenue for fiscal year Capitol Improvement Authority: N/A: N/A: Issues ...
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 ...