Is Oklahoma Fire fully funded?

Oklahoma Fire has a source-reconciled actuarial funded ratio of 71.7% as of FY2024, earning a health grade of C. This funded ratio is an actuarial snapshot, not a solvency prediction. Compare its valuation date, asset method, and actuarial assumptions before drawing conclusions about a plan.

What happens if Oklahoma Fire runs out of money?

Oklahoma Fire's reported financial data should be read with the plan's own actuarial valuation and governing documents. This page does not assess legal obligations or predict government action.

What does a funded ratio of 71.7% mean?

A funded ratio of 71.7% means that Oklahoma Fire reported actuarial assets equal to 71.7% of its accrued liabilities at that valuation date. The source-reported actuarial unfunded liability stands at $1.33B. This represents a moderate funding gap that requires ongoing monitoring.

How does Oklahoma Fire compare to other public pensions?

Oklahoma Fire is a Police & Fire plan in Oklahoma serving 10,631 members. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 75.5%. Oklahoma Fire's source-reconciled actuarial funded ratio of 71.7% places it near the national average.

How many members does Oklahoma Fire have?

Oklahoma Fire covers 10,631 total members, including 4,605 active employees and 5,439 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.

FY2024 source-reconciled actuarial data · Public Plans Database

Oklahoma Fire

A full financial snapshot of Oklahoma Fire: funded ratio, unfunded liability, member counts, and investment returns, drawn from 23 years of history in the Public Plans Database (Boston College CRR) and verified against actuarial valuations.

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By PlainPension · July 2026 · Oklahoma · Police & Fire Plan · Data through FY2024

Actuarial funded ratio: 71.7%
Health grade: CReported funded ratio below full funding
Actuarial assets: $3.37B
Members: 10,631

According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, Oklahoma Fire is one of 197 public pension plans tracked nationwide. The plan card reports source-reconciled actuarial figures through FY2024; the multi-year table includes only years whose reported ratio ties to its actuarial dollars. This site’s database copy was last loaded in July 2026. See our methodology for the full source and update cadence.

Sliding funded-ratio path

Oklahoma Fire lost 11.2 points from FY2001 (82.9%) to FY2024 (71.7%) on the reconciled series.

Oklahoma Fire on a sliding funded path

According to the Public Plans Database, Oklahoma Fire lost 11.2 points on the reconciled series from FY2001 to FY2024, and now reports 71.7% (grade C).

71.7%
Funded · #77 of 192: C
Health grade: $1.33B
Actuarial unfunded liability: -11.2pp
FY2001→FY2024

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Actuarial Unfunded Liability

$1.33B

Above-median unfunded liability · source-reported UAAL

Total Members

10,631

active + retired + vested

1-Year Return

13.4%

Strong return year · net investment return

3.8pp vs 5-yr avg

5-Year Avg Return

9.6%

Above assumed rate · annualized, net of fees

Composite Health Score

58/100

Oklahoma Fire

Transparent derived index from public pension-plan filings, not an official rating. A 4-dimension composite (funded ratio, contribution discipline, 5-year investment return, unfunded burden), each scored against this dataset's own percentile distribution across 197 reporting plans. Not the same as the plan's headline funded-ratio grade above. See the exact dimensions, weights, and formula.

Funded Ratio F

71.7%

Actuarial assets as a share of liabilities

Contribution Discipline B+

105.3%

Share of the actuarially required contribution actually paid

Investment Returns A-

9.6%

5-year annualized investment return

Unfunded Burden D

28.2%

Unfunded liability as a share of total obligations

How this score is calculated (benchmark table)

Dimension	P10	P25	P50	P75	P90	Weight
Funded ratio (higher = better)	57.6%	67.2%	75.0%	87.0%	97.6%	0.35
Contribution discipline (ARC) (higher = better)	88.4%	100.0%	100.0%	104.1%	122.1%	0.25
5yr investment return (higher = better)	6.4%	7.5%	8.3%	9.1%	9.9%	0.20
Unfunded burden (lower = better)	2.0%	12.7%	25.0%	33.1%	42.4%	0.20

Percentiles computed across all 197 plans in this database with a reported value for that metric (2026-09-09). A dimension a plan does not report drops out of its composite, and that weight redistributes across the dimensions it does report, so thin reporting never silently lowers a score relative to a fully-reported peer.

Participant Composition

Investment Policy Mix

What changed, FY2023 to FY2024

1.1 pts funded ratio

Oklahoma Fire's funded ratio fell 1.1 points from FY2023 to FY2024, with assets contributing +3.3 points and the accrued liability contributing -4.3.

Funded ratio

72.8% → 71.7%

Actuarial assets

$3.22B → $3.37B (+4.5%)

Accrued liability

$4.43B → $4.69B (+6.0%)

Where the 1.1-point move came from

Assets: +3.3 pts
Accrued liability: -4.3 pts

Accrued liability is the source-reported value for benefits already promised. The two contributions are the move the ratio would have made on the prior year’s liability (assets) and the remainder (liability); they sum to the total by construction. Both years shown provide source-reconciled actuarial assets and liability, so neither figure rests on a ratio published on its own. Source: Public Plans Database (Boston College CRR / NASRA), loaded July 2026. See our funding-change board for how this plan’s move compares with the rest of the dataset.

Historical Actuarial Funding

Year	Actuarial Ratio	Assets	Liabilities	UAAL	Members	ARC	1yr return
2024	71.7%	$3.37B	$4.69B	$1.33B	N/A	117.5%	n/a
2023	72.8%	$3.22B	$4.43B	$1.21B	10,631	105.3%	13.4%
2022	73.0%	$3.13B	$4.29B	$1.16B	10,007	93.3%	-11.7%
2021	71.7%	$3.00B	$4.18B	$1.18B	10,129	72.7%	14.2%
2020	70.4%	$2.89B	$4.10B	$1.21B	9,978	9.9%	12.0%
2019	70.8%	$2.76B	$3.89B	$1.14B	9,825	92.8%	19.9%
2018	68.1%	$2.62B	$3.85B	$1.23B	N/A	87.7%	-5.0%
2017	65.4%	$2.46B	$3.77B	$1.30B	9,085	86.7%	17.1%
2016	65.9%	$2.29B	$3.48B	$1.18B	8,920	89.8%	8.7%
2015	65.0%	$2.18B	$3.34B	$1.17B	8,813	84.4%	0.9%
2014	62.1%	$2.00B	$3.23B	$1.22B	8,699	68.5%	6.0%
2013	58.8%	$1.81B	$3.08B	$1.27B	8,589	66.6%	18.2%
2012	60.9%	$1.76B	$2.89B	$1.13B	8,434	66.3%	13.9%
2011	63.7%	$1.76B	$2.76B	$1.00B	8,308	44.9%	-0.3%
2010	53.4%	$1.68B	$3.15B	$1.47B	8,198	43.9%	14.6%
2009	54.2%	$1.67B	$3.08B	$1.41B	8,176	52.7%	20.4%
2008	61.8%	$1.82B	$2.94B	$1.12B	8,090	56.4%	-27.1%
2007	61.6%	$1.72B	$2.79B	$1.07B	7,904	80.0%	5.2%
2006	58.0%	$1.55B	$2.67B	$1.12B	7,760	69.6%	13.3%
2005	63.7%	$1.49B	$2.33B	$847M	7,616	77.0%	6.6%

What the Data Says About Oklahoma Fire

Oklahoma Fire shows a comfortably above-average funding position, 4 points below the 75.5% national average across tracked plans. A 5-year average investment return of 9.6% factors into the plan's overall trajectory.

For Oklahoma taxpayers and plan members, the $1.33B source-reported actuarial unfunded liability is the 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

4,605

Active Members

5,439

Retirees

10,631

Total Members

Plan Details

Plan Type: Police & Fire
State: Oklahoma
Market Assets: $3.38B

Source: Public Plans Database (PPD)
Boston College CRR / NASRA

Plans With a Similar Funded Ratio

The closest plans nationwide to Oklahoma Fire's 78.0% funded ratio.

Showing 5 of 191 plans nationwide with a reported funded ratio.

South Dakota Retirement System 78.1%
Idaho Public Employee Retirement System 78.2%
Louisiana Schools 77.5%
Philadelphia Municipal Retirement System 78.5%
Detroit Police and Fire Retirement System 77.4%

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 Municipal Employees 75.5%
Oklahoma City Employee Retirement System 74.7%

All Oklahoma plans →

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Cite this page

PlainPension, “Oklahoma Fire: Funded Ratio, Assets, and Actuarial Data.” Compiled from the Public Plans Database (PPD), compiled by the Boston College Center for Retirement Research with MissionSquare Research Institute and NASRA; data as of FY2023 plan card; history through FY2024. https://plainpension.com/plan/oklahoma-fire

Formal citation formats (APA / MLA)

APA: PlainPension. (2023). Oklahoma Fire: Funded Ratio, Assets, and Actuarial Data. Retrieved September 23, 2026, from https://plainpension.com/plan/oklahoma-fire

MLA: "Oklahoma Fire: Funded Ratio, Assets, and Actuarial Data." PlainPension, 2023, https://plainpension.com/plan/oklahoma-fire.

You are welcome to quote these figures with attribution to PlainPension and the underlying source. The URL above is stable. See our Terms of Use for what reuse is permitted.

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. Oklahoma Fire ranks #77 of 192 by funded ratio and #134 of 190 by membership. This information is for informational purposes only and does not constitute professional advice, consult a qualified professional before acting on it. See our editorial standards & corrections policy, the typed corrections pathway, the methodology behind these numbers, or report a data error. Data current as of July 2026.

Compiled by PlainPension · July 23, 2026