2011 OPERS CAFR Cover TOC |
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Oklahoma Public Employees Retirement System
A Component Unit of the State of Oklahoma
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2011
Governance
Plan
Administration
Legislation &
Plan Design
Investments
Oklahoma Public Employees Retirement System
Connections
The Oklahoma Public Employees Retirement System (OPERS) enjoys a long
relationship with our members beginning when a person chooses a career in public
service and culminating in a secure retirement honoring that service. This edition
of the Comprehensive Annual Financial Report highlights the connections between
OPERS and our members throughout their working lives.
Governance OPERS is governed by a 13-member
Board of Trustees charged with overseeing the activities
of the retirement system. Good governance relates to
having consistent management, effective policies and
appropriate oversight. Having effective governance
permits the OPERS staff to provide quality information
and services to our members and their employers.
Our activities consist of member services and financial
administration, legislation and plan design, and investment
of plan assets.
Participation OPERS partners with our participating
employers to ensure new members receive the
information necessary to fully understand the benefits
of being a member of the plan. New state & local
government employees, hazardous duty members,
and elected officials receive high-quality written and
electronic information from OPERS with a personal
touch from the retirement coordinator within each
participating employer.
Service The central form of participation in any
retirement plan is service. In addition to full-time
employment, members of OPERS may also purchase
certain types of service credit or be rewarded for active
military service and unused sick leave to be used toward
retirement credit.
Contributions A retirement benefit from OPERS
is more than merely the sum of member and employer
contributions paid into the plan over a member’s career.
The investment of those contributions is vital to providing
a degree of retirement security for our members.
This publication provides detailed information on the
investment of plan assets.
Life Events The relationship OPERS values with
its members can last many decades. Whether it is the
birth of a child, the change of career, or the death of a
loved one, OPERS is there to assist our members with
their retirement plans through both the rewarding and
challenging events of their lives.
Member Education OPERS takes its responsibility
of member education very seriously. Our goal is to help
our members better understand how their decisions and
circumstances today can impact their overall retirement
preparedness. We provide a series of financial planning
seminars, written publications and website designed to
keep members informed.
Retirement Retirement benefits from OPERS are a
valuable part of our members’ overall retirement plan.
A defined benefit plan like ours provides increased
retirement security by offering a lifetime retirement
income without the risk of ill-timed market fluctuations.
We are proud of the connections we make with our
members and honoring their years of public service to
the people of Oklahoma.
OKLAHOMA PUBLIC EMPLOYEES RETIREMENT SYSTEM
This report was prepared by the staff of the Oklahoma Public Employees Retirement System.
This publication, printed by University Printing Services, is issued by the Oklahoma Public Employees
Retirement System as authorized by its Executive Director. Five hundred copies have been prepared
and distributed at a cost of $3,162.50. An electronic version of this publication has been deposited
with the Publications Clearinghouse of the Oklahoma Department of Libraries.
OKLAHOMA PUBLIC EMPLOYEES RETIREMENT SYSTEM
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Object Description
Description
| Title | 2011 OPERS CAFR Cover TOC |
| OkDocs Class# | E3600.3 A615f 2010/11 |
| Digital Format | PDF, Adobe Reader required |
| ODL electronic copy | Downloaded from agency website: http://www.opers.ok.gov/Websites/opers/Images/pdfs/11OPERS1.pdf |
| 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 |
| Full text | Public Service CareeR Retirement Security Participation State & Local Government Hazardous Duty Elected Office Full-time Employment Service Purchase Unused Sick Leave Military Service Service Contributions Employer Contributions Member Contributions Life Events Family Career Change Health Education Member Education Publications Financial Planning Seminars Web Retirement Lifetime Benefits Vesting & Eligibility Working in Retirement Connections Oklahoma Public Employees Retirement System A Component Unit of the State of Oklahoma Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2011 Governance Plan Administration Legislation & Plan Design Investments Oklahoma Public Employees Retirement System Connections The Oklahoma Public Employees Retirement System (OPERS) enjoys a long relationship with our members beginning when a person chooses a career in public service and culminating in a secure retirement honoring that service. This edition of the Comprehensive Annual Financial Report highlights the connections between OPERS and our members throughout their working lives. Governance OPERS is governed by a 13-member Board of Trustees charged with overseeing the activities of the retirement system. Good governance relates to having consistent management, effective policies and appropriate oversight. Having effective governance permits the OPERS staff to provide quality information and services to our members and their employers. Our activities consist of member services and financial administration, legislation and plan design, and investment of plan assets. Participation OPERS partners with our participating employers to ensure new members receive the information necessary to fully understand the benefits of being a member of the plan. New state & local government employees, hazardous duty members, and elected officials receive high-quality written and electronic information from OPERS with a personal touch from the retirement coordinator within each participating employer. Service The central form of participation in any retirement plan is service. In addition to full-time employment, members of OPERS may also purchase certain types of service credit or be rewarded for active military service and unused sick leave to be used toward retirement credit. Contributions A retirement benefit from OPERS is more than merely the sum of member and employer contributions paid into the plan over a member’s career. The investment of those contributions is vital to providing a degree of retirement security for our members. This publication provides detailed information on the investment of plan assets. Life Events The relationship OPERS values with its members can last many decades. Whether it is the birth of a child, the change of career, or the death of a loved one, OPERS is there to assist our members with their retirement plans through both the rewarding and challenging events of their lives. Member Education OPERS takes its responsibility of member education very seriously. Our goal is to help our members better understand how their decisions and circumstances today can impact their overall retirement preparedness. We provide a series of financial planning seminars, written publications and website designed to keep members informed. Retirement Retirement benefits from OPERS are a valuable part of our members’ overall retirement plan. A defined benefit plan like ours provides increased retirement security by offering a lifetime retirement income without the risk of ill-timed market fluctuations. We are proud of the connections we make with our members and honoring their years of public service to the people of Oklahoma. OKLAHOMA PUBLIC EMPLOYEES RETIREMENT SYSTEM This report was prepared by the staff of the Oklahoma Public Employees Retirement System. This publication, printed by University Printing Services, is issued by the Oklahoma Public Employees Retirement System as authorized by its Executive Director. Five hundred copies have been prepared and distributed at a cost of $3,162.50. An electronic version of this publication has been deposited with the Publications Clearinghouse of the Oklahoma Department of Libraries. OKLAHOMA PUBLIC EMPLOYEES RETIREMENT SYSTEM ��� ��� �� ��� ���� ��� ���� |
| Date created | 2011-12-06 |
| Date modified | 2011-12-06 |
