November 2013 Pension Update

The Oklahoma Police Pension & Retirement System had its monthly board meeting on Oct 16th. The financials presented were as of Sept. 30th.  Our system has over $2 Billion in assets and is performing well. Our one year return, net of fees, is 11.92%.

The Executive Director, other board members, and I have been attending the House of Representatives Interim Studies on Public Pensions and the Oklahoma State Pension Commission meetings. We will continue to educate the legislators on the fiscal stability of our pension system. We are still on track to reach a 100% funding ratio in less than ten years. However, there is still talk of combining the public pension boards at the legislature.

See link below for a recent newspaper article concering this issue. There have been no formal proposals, so there are no hard facts to present. I will forward additional information as it is received.

If you have any questions, please contact me.

Jeff Pierce
State Trustee,
District 6
Oklahoma Police Pension & Retirement System