The Pension Board met on August 19th. At the end of July 2015 our fund balance was $2.275 Billion dollars. The market volatility this year has resulted in lower returns than in previous years but our fund balance remains strong. The one year return, net of fees, is 5.61%, three years is 9.97%, the 5 year is 9.12% and the ten year is 6.25%. All of these returns, except the five year, exceeded the policy index. The five year was .77% less than the index. This means that we have had a better return, net of fees, than just investing in indexed funds.
I have included two articles below. One article that was released by the Oklahoma State Pension Commission and the second article came from the State Treasurer’s Office. The Oklahoma State Pension Commission article states that Oklahoma’s pension plans continue to outperform the majority of their peers. Treasurer Miller ‘s article said the state should not dip into the pension funds for other needs and should maintain the actuarially required contribution rate.
I hope these updates are informative and beneficial to you as a member of the police pension system.
If you have any questions, please contact me.
Jeff Pierce
State Trustee,
District 6
Oklahoma Police Pension & Retirement System