The monthly pension board meeting was held on February 19, 2014 and the monthly reports are on the pension board web site for your viewing.
Our system remains performing very well. The system as of Jan. 31st was at $2,106,927,000 which is 2.1% over target. Net of fees, the total system return was 11.29% for the period ending Jan 31st. This type of performance shows that by having active money managers the system was able to provide greater returns for its members.
At this time there remains no legislation proposed that would affect our pension benefits. There are several proposed bills that would affect the state employees and OHP that continue to advance through the legislative process at the time of this report.
We have been told that the Governor has no plans this year that could affect our system. However, we will continue to diligently monitor the legislature and keep you updated.
If you have questions, please contact me. If I don’t have the answer I can direct you to someone who will.
Jeff Pierce
State Trustee,
District 6
Oklahoma Police Pension & Retirement System