August 2016 Update
The Latest OPPRS Board meeting took place on Wednesday Aug. 17th. With the most recent rise in market prices our fund balance, as of July 31st, had risen to $2.244 billion of total fund assets. In the month of July the fund enjoyed a $50 million asset increase. However, with the market volatility over the […]
October 2016 Update
The OPPRS Board met at the regular meeting on Sept. 21st. We received and reviewed the annual Auditor and Actuary reports on the state of the system. The Auditor stated there were no issues with the system and all of the numbers looked within all acceptable standards. The Actuary reported the same information and stated […]
January 2017 Update
The State Pension Board met on 01-18-17. There is a lot of information in the monthly financials and I want to share a few of those with you. These numbers are as of Dec. 31st, 2016. Our current fund balance has increase to $2.26 Billion. The one year return is 7.52%, five year is 8.30 […]
February 2017 Update
The Police Pension board met on February 15th, 2017. The fund balance is up to $2.3 Billion, a new all-time record for the system. Our 1 year return is 12.44% and our 5 year return is 8.02%. Our funding ratio was calculated last summer at 98.7%. Our retirees have not had a COLA in almost […]
September 2015 Update
The Pension Board met on September 16th, 2015. With all of the recent market volatility the system returns were down for the month, -1.36%, but the YTD was 3.55%, the one year was 10.37%, the 3 year was 8.79% & the five year was 10.03%. The system is well funded and continues to improve. We […]
November 2015 Update
In November 2015, I attended the Oklahoma State Pension Commission meeting and the monthly pension board meeting. The Pension Commission approved a resolution stating that they opposed reduction of any dedicated contribution levels provided to any state retirement plan, as well as employer and employee contribution rates, until the affected plan is at 90% funded […]
December 2015 Update
The Police Pension Board met on December 16th. The Pension System’s financial picture is remains very good. We are over $2.2 billion dollars and still on target to be 100% funded in 2016, unless the State Legislature makes changes to our system. I have attached a resolution that the Oklahoma State Pension Commission passed at its November meeting. Unfortunately, […]
July 2016 Update
The most recent Police Pension Board meeting was held on July 20th. This meeting closed out the fiscal year. The board certified the total fund return at -0.61% for the fiscal year ending June 30th. Our fund remains very strong in spite of the recent market volatility seen over the last several months. As many […]
February 2014 Pension Update
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 […]
March 2014 Pension Update
The monthly Police Pension System meeting was held March 19th. The system continues to perform strongly and above targeted projections. The total market value of our assets, as of 02-28-14, was $2,165,431,000 ($2.165 billion). The total one year portfolio return is reported at 14.03%, net of fees it is 13.70%, and exceeds the policy index […]