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Oklahoma Firefighters Pension and Retirement System

Government Agency
Agency nameOklahoma Firefighters Pension and Retirement System
Agency overview
Formed1980
Preceding
agencies
Fireman’s Pension Benefit Program
Employees11 unclassified
Annual budget$260 million
Headquarters4545 N Lincoln Boulevard
Oklahoma City, Oklahoma
Operational structure
Minister
responsible
Scott Meacham, Secretary of Finance and Revenue
Les Foughty, Chair of the Board
Agency executivesRobert Jones, Executive Director
Parent agencyBoard of Trustees

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The Oklahoma Firefighters Pension and Retirement System (OFPRS) is an agency of the government of Oklahoma that manages the public pension system for firefighters in Oklahoma. The System provides pension benefits such as normal retirement, disability retirement, surviving spouse benefits and a death benefit.

The System receives its funding from employer and member contributions, a portion of the state insurance premium tax and returns on investments. The System is overseen by a 13 member Board of Trustees, which is responsible for governing the System and appointing the Executive Director to run the System.

The System was created in 1980 during the term of Governor of Oklahoma George Nigh.

Oklahoma Firefighters Pension and Retirement System Video

Rep. Randy McDaniel Spells Out Oklahoma Pension System Reforms at the Wednesday meeting of OCPAC (Oklahoma Conservative Political Action Committee) on 12/11/...
64.33 min. | 0 user rating

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Legislator seeks constitutional amendment to protect Oklahoma pensions - NewsOK.com Tweet this news
NewsOK.com--The state's six major -pension systems fund retirement- pay for -retired- state employees, teachers, -firefighters-, police, law enforcement officers and judges. The proposed measure also would require a super majority, or an approval vot - Date : Thu, 17 Nov 2011 06:05:39 GMT
Pension system unsustainable, lawmakers say - Edmond Sun Tweet this news
Edmond Sun--Oklahoma Public Employees Retirement (OPERS) is the second biggest unfunded mandate with a $3.3 billion liability, he said. -Oklahoma Firefighters Pension and Retirement System- includes $1.5 billion of unfunded liability. The Oklahoma Police - Date : Thu, 31 Mar 2011 21:02:36 GMT+00:00
Oklahoma House committee OKs bill to delay state pension payouts for new hires - NewsOK.com Tweet this news
NewsOK.com--1 to tap into the -Oklahoma- Teachers -Retirement System- from 62 to 65. HB 794 would put in place the same age eligibility for public employees who are hired after Nov. 1. The measure also would increase the eligible age for state and county - Date : Thu, 31 Mar 2011 05:06:41 GMT+00:00
Retired teachers concerned about pension system - Bartlesville Examiner Enterprise Tweet this news
Bartlesville Examiner Enterprise--Sometimes, money directed for the -Oklahoma- Teacher's -Retirement System- never makes it there, Autry said. Last year, when the budget was set, the State Board of Education chose not to allocate $35.5 million to the - Date : Thu, 07 Apr 2011 17:58:09 GMT+00:00
State pensions are woefully underfunded - Tulsa Beacon Tweet this news
Tulsa Beacon--As part of that effort, I have introduced House Bill 1221, which deals with the -Oklahoma Firefighters Pension and Retirement System-, and the Oklahoma Police Pension and Retirement System. In its current form, House Bill 1221 would adjust b - Date : Thu, 03 Mar 2011 14:46:50 GMT+00:00
Oklahoma on well-traveled pension road - NewsOK.com Tweet this news
NewsOK.com--The -retirement- plan for teachers is the largest of the state's -pension- plans, but it's not the only one. State plans also cover state employees, -firefighters-, law officers, troopers, wildlife conservation employees and judges. - Date : Sun, 06 Mar 2011 06:12:42 GMT+00:00
Committee gains support - Pryor Daily Times Tweet this news
Pryor Daily Times--Brian Crain, R-Tulsa, noted that of the state's six -pension- plans, four were in reasonably good shape. “The -firefighters- and teachers -retirement systems- are the two that require the closest attention,” Crain said. “Sena - Date : Sat, 05 Mar 2011 17:15:14 GMT+00:00
KTEN.comFirefighters Upset Over Proposed Changes to Pension Plan - KTEN Tweet this news
KTEN--A $16-billion shortfall in the -Oklahoma- state -pension system-. Those at most risk for changes in their -retirement-, new police and -firefighters-. Meredith Saldana has more on how -firefighters- are taking a stand. -Firefighters- from Ardmore an - Date : Sat, 19 Feb 2011 00:41:20 GMT+00:00
SSgA Retains $404M Oklahoma Mandate - Emii.com Tweet this news
Emii.com---Oklahoma Firefighters Pension and Retirement System- has reappointed State Street Global Advisors (SSgA) to manage nearly $404 million in four index funds, ... - Date : Thu, 30 Dec 2010 06:50:48 GMT+00:00
Oklahoma Plan Issues $100M RFP - Emii.com Tweet this news
Emii.com---Oklahoma Firefighters Pension and Retirement System- is looking for a firm to manage $80-100 million, Pensions & Investments reports. The -pension- fund is ... - Date : Thu, 24 Jun 2010 07:23:47 GMT+00:00

State finance agencies of Oklahoma

Governor of Oklahoma
State Treasurer * State Auditor and Inspector * Insurance Commissioner
Secretary of Finance and Revenue
Board of Equalization * Capitol Improvement Authority * Department of Consumer Credit * Department of Securities * Office of State Finance * Pension Commission * Tax Commission * State Banking Department * State Bond Advisor
Public Pension Funds
Firefighters Pension and Retirement System * Law Enforcement Retirement System * Public Employees Retirement System * Police Pension and Retirement System * Teachers Retirement System



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