Unfunded Liability
$285M
actuarial shortfall
FY2023 data · Public Plans Database
Oklahoma City Employee Retirement System
The Public Plans Database's 23-year record for Oklahoma City Employee Retirement System: funded ratio, unfunded liability, member counts, and investment returns, compiled by Boston College CRR and cross-checked against actuarial valuations.
By PlainPension · · Oklahoma · General State Plan · Data through FY2023
- Funded ratio
- 74.7%
- Health grade
- BReported funded ratio above the portfolio average range
- Market assets
- $842M
- Members
- 4,408
According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, Oklahoma City Employee Retirement System is one of 197 public pension plans tracked nationwide. The plan card reports FY2023 valuation figures; the multi-year table includes FY2024 where PPD published it; this site’s database copy was last loaded in July 2026. See our methodology for the full source and update cadence.
Total Members
4,408
active + retired + vested
1-Year Return
8.7%
net investment return
-0.7pp vs 5-yr avg
5-Year Avg Return
9.4%
annualized, net of fees
How Oklahoma City Employee Retirement System Funded Ratio Compares
Plan Funded Ratio 74.7%
National avg
A ratio of 74.7% compared against the national public-pension average of 75.5%.
Healthy Threshold
Plans above 80% are generally considered adequately funded by NASRA standards.
Participant Composition
The active-to-retiree ratio is a leading indicator of long-term plan sustainability, plans with more retirees than active contributors face mounting cash-flow pressure as benefit payments outpace incoming contributions.
Investment Policy Mix
Public pension plans report their asset allocation in their annual CAFR and actuarial valuation. Equity-heavy mixes capture market upside but introduce volatility; fixed-income tilts protect funded status during downturns at the cost of long-run return.
Historical Funded Ratio
| Year | Funded Ratio |
|---|---|
| 2024 | 127.3% |
| 2023 | 74.7% |
| 2022 | 77.1% |
| 2021 | 83.8% |
| 2020 | 66.6% |
| 2019 | 70.8% |
| 2018 | 74.2% |
| 2017 | 74.3% |
| 2016 | 73.5% |
| 2015 | 78.2% |
| 2014 | 81.8% |
| 2013 | 89.3% |
| 2012 | 96.1% |
| 2011 | 99.9% |
| 2010 | 102.3% |
| 2009 | 93.5% |
| 2008 | 106.0% |
| 2007 | 110.5% |
| 2006 | 104.5% |
| 2005 | 99.4% |
What the Data Says About Oklahoma City Employee Retirement System
Oklahoma City Employee Retirement System reports a funded ratio of 74.7% as of fiscal year 2023, earning a financial health grade of B in the Public Plans Database. The plan holds $842M in market assets against an unfunded liability of $285M. As a General State plan operating under Oklahoma sponsorship, it covers 4,408 members (2,482 active contributors, 1,756 retirees drawing benefits).
Oklahoma City Employee Retirement System shows a comfortably above-average funding position, 1 points below the 75.5% national average across tracked plans. A 5-year average investment return of 9.4% factors into the plan's overall trajectory.
For Oklahoma taxpayers and plan members, the $285M unfunded gap is the actuarial shortfall this plan must close over time.
Where this data comes from + how funding gaps get resolved
These figures come from the Public Plans Database, a collaboration between the Boston College Center for Retirement Research and NASRA that compiles them from each plan's Comprehensive Annual Financial Reports (CAFRs) and actuarial valuations. The relationship between contribution adequacy and investment performance determines whether an unfunded liability narrows or expands year over year, and the gap itself is typically closed through some combination of higher contributions, investment returns, or benefit modifications. See our methodology for how public-pension funding differs from ERISA-backed private plans, and our disclaimer below before acting on this data.
Membership
2,482
Active Members
1,756
Retirees
4,408
Total Members
Plan Details
- Plan Type
- General State
- State
- Oklahoma
- Market Assets
- $842M
Source: Public Plans Database (PPD)
Boston College CRR / NASRA
Boston College CRR / NASRA
Plans With a Similar Funded Ratio
The closest plans nationwide to Oklahoma City Employee Retirement System's 74.7% funded ratio.
Other Oklahoma Plans
- Oklahoma Police Pension and Retirement System 98.9%
- Oklahoma Teachers Retirement System 98.6%
- Oklahoma Public Employees Retirement System 85.5%
- Oklahoma Fire 78.0%
- Oklahoma Municipal Employees 75.5%
Frequently Asked Questions
Is Oklahoma City Employee Retirement System fully funded?
Oklahoma City Employee Retirement System has a funded ratio of 74.7% as of FY2023, earning a health grade of B. The reported ratio shows actuarial assets divided by actuarial accrued liabilities for the stated fiscal year. Its interpretation depends on the plan's assumptions, valuation date, and contribution history.
What happens if Oklahoma City Employee Retirement System runs out of money?
A public plan's reported ratio is only one part of its financial picture. PlainPension does not predict actions by Oklahoma City Employee Retirement System, Oklahoma, or any public body.
What does a funded ratio of 74.7% mean?
A funded ratio of 74.7% means that Oklahoma City Employee Retirement System currently has assets equal to 74.7% of its projected benefit obligations. The unfunded liability, the gap between assets and liabilities, stands at $285M. This represents a moderate funding gap that requires ongoing monitoring.
How does Oklahoma City Employee Retirement System compare to other public pensions?
Oklahoma City Employee Retirement System is a General State plan in Oklahoma serving 4,408 members. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 75.5%. Oklahoma City Employee Retirement System's funded ratio of 74.7% places it near the national average.
How many members does Oklahoma City Employee Retirement System have?
Oklahoma City Employee Retirement System covers 4,408 total members, including 2,482 active employees and 1,756 retirees currently receiving benefits. The ratio of active members to retirees is a key indicator of plan sustainability, when the number of retirees grows relative to active contributors, funding pressure increases.
Related
Data sourced from official Public Plans Database and actuarial valuations from federal and state pension systems. See our methodology for details. Retrieved and formatted by PlainPension
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Public Plans Database (PPD). Consult a qualified professional before making decisions based on this data.
Read our methodology - how this data is sourced, computed, and verified.
Data sources used on this page
- Public Plans Database (PPD) - funded ratios, assets, liabilities, and member counts for US state and local public pension plans, maintained by the Boston College Center for Retirement Research with MissionSquare Research Institute and NASRA. publicplansdata.org
- NASRA - National Association of State Retirement Administrators public-pension actuarial and policy references. nasra.org
Every figure on PlainPension is rendered directly from the Public Plans Database (Boston College Center for Retirement Research), no number is typed in by an editor. This page aggregates this plan's funded ratio, unfunded liability, and multi-year financial history, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.