The Oklahoma Police Pension and Retirement System is a defined benefit plan and qualifies under section 401(a) of the Internal Revenue Code.
As of June 30, 2020, the System covered 5,889 active members, 2,954 retirees, 828 beneficiaries, 130 disabled members, 2 deferred option members, and 161 vested members.
As of September 17, 2020, the System has 144 municipal members and 3 state agency members.
To provide secure retirement benefits for members and their beneficiaries.
Long-Term Strategic Analysis
Facts and Figures
- The Oklahoma Police Pension & Retirement System (OPPRS) is considered an extremely well-funded plan with a funded ratio of 102.5% at July 1, 2019.
- Due to its strong funded status, OPPRS pursues an investment strategy that emphasizes risk reduction while seeking to exceed the long-term expected rate of return of 7.5%.
- OPPRS has a highly diversified portfolio that has preserved principal balances and protected against losses during market downturns. This risk-aware approach has performed well, providing long-term returns in excess of a traditional portfolio mix of 60% equities/40% bonds.
- In reducing portfolio volatility, funded status volatility is reduced, as is volatility in the Annual Required Contributions (ARC).