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Letter from the Executive Director Steven K. Snyder
A publication of the Oklahoma Police Pension and Retirement System
Spring/Summer 2012
PROTECT
AND
SERVE
The Board of Trustees
Tom Custer
District 1
Craig Akard
District 2
Rick Smith
District 3
Jimmy Keesee
District 4
J. Ryan Perkins
District 5
Randy Scott
District 6
W. B. Smith
District 7
Tony Davenport
Oklahoma Municipal
League Appointee
Charles Kerr
Speaker of the House
Appointee
Susan Knight
Senate President Pro
Tempore Appointee
Brandy Manek
Director of State
Finance Designee
Andy McPherson
Governor’s Appointee
Frank Stone
Insurance Commissioner
Designee
Inside this Issue:
Legislature Adjourn Sine Die
On May 25, 2012, the Oklahoma State Legisla-ture
adjourned sine die. Although this session
fired off with rumors and innuendos about the
drastic changes to the Oklahoma Police Pension
and Retirement System (OPPRS), it fizzled out at
the end as no benefit or contribution changes
were enacted. The one bill we were closely
watching was HB 2319. That legislation would
have increased the contribution rate of the
member from 8% to 9%, increased the contribu-tion
rate of the municipalities from 13% to 14%, and increased the insurance
premium allocation from 14% to 15%. According to the author of the bill,
Representative Randy McDaniel, this would have been a “shared sacrifice”
among the members, municipalities, and the State of Oklahoma. However,
the Oklahoma Municipal League citing that they weren’t included in negotia-tions
on this legislation, effectively stripped the bill of that language. As it
stands today the contribution rate remains the same as last year.
Please rest assured that the staff and board of trustees will continue to fulfill
their duties in a manner that will protect the OPPRS and serve you, the mem-ber,
of the Oklahoma Police Pension and Retirement System.
On behalf of myself and the staff of the Oklahoma Police Pension and Re-tirement
System, please have a safe and fun filled summer.
Pensions Weather Turmoil 2
Pension Spending 3
ASAP—ACG 5
Membership 6
Pension & Investments 7
Unemployment Data 8
Consultant’s Corner 9
NO COLA!
The Oklahoma Legislature adjourned sine die on May
25th, 2012 and did not pass a cost of living adjustment
(COLA) bill . Therefore, there will be no COLA this year.
Object Description
| Okla State Agency | Police Pension and Retirement System, Oklahoma |
| Agency Division | OPPRS |
| Okla Agency Code |
'557' |
| Title | Protect and serve, spring/summer 2012 |
| Authors |
Oklahoma Police Pension and Retirement Board. |
| Publication Date | 2012-07-23 |
| Publication number | Spring/Summer 2012 |
| Frequency | Irregular |
| Publication type |
Newsletter |
| Purpose | Letter from the Eexecutive Director Steven K. Snyder Legislature Adjourn Sine Die; National Institute on Retirement Security Study Identifies Key Features of Public Pensions that Weathered Market Turmoil; Pension Spending Supports $1 Trillion in Economic Output; State Insurance Premium Tax Fact; Active Membership by City/Town; Asset Consulting Group Consultant's Corner |
| For all issues click |
P2000.6 T627p |
| Digital Format | PDF, Adobe Reader required |
| ODL electronic copy | Filed with documents.ok.gov submissions system |
| Rights and Permissions | This Oklahoma state government publication is provided for educational purposes under U.S. copyright law. Other usage requires permission of copyright holders. |
| Language | English |
| Date created | 2012-08-06 |
| Date modified | 2012-08-06 |
Description
| Title | Page 1 |
| Full text | Letter from the Executive Director Steven K. Snyder A publication of the Oklahoma Police Pension and Retirement System Spring/Summer 2012 PROTECT AND SERVE The Board of Trustees Tom Custer District 1 Craig Akard District 2 Rick Smith District 3 Jimmy Keesee District 4 J. Ryan Perkins District 5 Randy Scott District 6 W. B. Smith District 7 Tony Davenport Oklahoma Municipal League Appointee Charles Kerr Speaker of the House Appointee Susan Knight Senate President Pro Tempore Appointee Brandy Manek Director of State Finance Designee Andy McPherson Governor’s Appointee Frank Stone Insurance Commissioner Designee Inside this Issue: Legislature Adjourn Sine Die On May 25, 2012, the Oklahoma State Legisla-ture adjourned sine die. Although this session fired off with rumors and innuendos about the drastic changes to the Oklahoma Police Pension and Retirement System (OPPRS), it fizzled out at the end as no benefit or contribution changes were enacted. The one bill we were closely watching was HB 2319. That legislation would have increased the contribution rate of the member from 8% to 9%, increased the contribu-tion rate of the municipalities from 13% to 14%, and increased the insurance premium allocation from 14% to 15%. According to the author of the bill, Representative Randy McDaniel, this would have been a “shared sacrifice” among the members, municipalities, and the State of Oklahoma. However, the Oklahoma Municipal League citing that they weren’t included in negotia-tions on this legislation, effectively stripped the bill of that language. As it stands today the contribution rate remains the same as last year. Please rest assured that the staff and board of trustees will continue to fulfill their duties in a manner that will protect the OPPRS and serve you, the mem-ber, of the Oklahoma Police Pension and Retirement System. On behalf of myself and the staff of the Oklahoma Police Pension and Re-tirement System, please have a safe and fun filled summer. Pensions Weather Turmoil 2 Pension Spending 3 ASAP—ACG 5 Membership 6 Pension & Investments 7 Unemployment Data 8 Consultant’s Corner 9 NO COLA! The Oklahoma Legislature adjourned sine die on May 25th, 2012 and did not pass a cost of living adjustment (COLA) bill . Therefore, there will be no COLA this year. |
| Date created | 2012-08-06 |
| Date modified | 2012-08-06 |
