Plan

Oklahoma Police Pension and Retirement System

State

Oklahoma

Funded Ratio

97.5%

Assets

$3.02B

Members

9,452

Health Grade: B — Adequately funded — meeting most funding benchmarks

FY2023 data Grade B Public Plans Database

Oklahoma Police Pension and Retirement System

Funded ratio, unfunded liability, member counts, ARC coverage, and 23-year financial history for Oklahoma Police Pension and Retirement System — sourced from the Public Plans Database (Boston College CRR) and cross-checked against actuarial valuations.

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By Kiznis Studio Editorial · June 2026 · Oklahoma · Police & Fire Plan · Data through FY2023

Financial Health Grade

Adequately funded — meeting most funding benchmarks

Funded Ratio

97.5%

actuarial assets / liabilities

Unfunded Liability

$78M

actuarial shortfall

Total Members

9,452

active + retired + vested

1-Year Return

10.1%

net investment return

1.3pp vs 5-yr avg

5-Year Avg Return

8.7%

annualized, net of fees

ARC Payment

11.8%

of actuarially required contribution

How Oklahoma Police Pension and Retirement System Funded Ratio Compares

Plan Funded Ratio 97.5%

National avg

A ratio of 97.5% compared against the national public-pension average of 73.5%.

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 Form 5500 Schedule H Part I disclosures. 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	Assets	Unfunded	Members
2024	97.5%	N/A	N/A	N/A
2023	98.9%	$3.02B	$34M	9,452
2022	98.2%	$3.01B	$55M	9,246
2021	96.7%	$3.29B	$112M	9,159
2020	98.6%	$2.62B	$36M	9,065
2019	97.0%	$2.62B	$81M	8,879
2018	93.4%	$2.56B	$181M	8,669
2017	93.2%	$2.40B	$176M	8,499
2016	95.4%	$2.20B	$105M	8,380
2015	95.2%	$2.26B	$114M	8,165
2014	N/A	$2.24B	N/A	8,039
2013	93.3%	$1.97B	$141M	7,851
2012	N/A	$1.78B	N/A	7,752
2011	92.1%	$1.80B	$154M	7,602
2010	N/A	$1.55B	N/A	7,459
2009	90.6%	$1.42B	$147M	7,445
2008	N/A	$1.72B	N/A	7,349
2007	96.2%	$1.78B	$69M	7,102
2006	N/A	$1.53B	N/A	6,956
2005	99.8%	$1.39B	$2M	6,789

What the Data Says About Oklahoma Police Pension and Retirement System

Oklahoma Police Pension and Retirement System reports a funded ratio of 97.5% as of fiscal year 2023, earning a financial health grade of B in the Public Plans Database. The plan holds $3.02B in market assets against an unfunded liability of $78M. As a Police & Fire plan operating under Oklahoma sponsorship, it covers 9,452 members (4,868 active contributors, 4,402 retirees drawing benefits). These figures aggregate from Form 5500 filings submitted to the Department of Labor and actuarial valuations reported through NASRA.

A funded ratio above 80% signals that Oklahoma Police Pension and Retirement System has substantial assets to meet projected obligations, placing it above the national public-pension average of roughly 72–75%. Employer contributions covered 11.8% of the Annual Required Contribution in the most recent reporting cycle, while the plan posted a 5-year average investment return of 8.7%. The relationship between contribution adequacy and investment performance determines whether the unfunded liability narrows or expands year over year.

For Oklahoma taxpayers and plan members, the $78M unfunded gap represents the actuarial shortfall that must eventually be closed through a combination of contributions, investment returns, or benefit modifications. Unlike private-sector pensions governed by ERISA and backstopped by the PBGC, public plans like Oklahoma Police Pension and Retirement System rely on the full faith and credit of Oklahoma — meaning funding shortfalls flow through to state and local budgets rather than a federal insurance program. This information summarizes official Public Plans Database disclosures and is provided for research and educational purposes only. It is not financial, legal, or retirement-planning advice; active and retired members with specific benefit questions should consult their plan administrator directly.

Membership

4,868

Active Members

4,402

Retirees

9,452

Total Members

Plan Details

Plan Type: Police & Fire
State: Oklahoma
Market Assets: $3.02B
ARC Payment: 11.8%

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

Other Oklahoma Plans

Oklahoma City Employee Retirement System 127.3%
Oklahoma Teachers Retirement System 99.1%
Oklahoma Public Employees Retirement System 85.5%
Oklahoma Municipal Employees 80.2%
Oklahoma Fire 79.9%

All Oklahoma plans →

Related Resources

Pension Guides

Frequently Asked Questions

Is Oklahoma Police Pension and Retirement System fully funded?

Oklahoma Police Pension and Retirement System has a funded ratio of 97.5% as of FY2023, earning a health grade of B. A funded ratio of 100% means the plan has enough assets to cover all projected liabilities. Ratios above 80% are generally considered adequately funded; ratios below 60% indicate significant underfunding and risk to future benefits.

What happens if Oklahoma Police Pension and Retirement System runs out of money?

Public pension plans like Oklahoma Police Pension and Retirement System are backed by the sponsoring government entity — in this case Oklahoma. If a plan's assets are insufficient, the state or local government is typically required to make up the difference through increased contributions, benefit adjustments, or tax measures. Unlike private pensions, public pensions are not insured by the PBGC, but they do carry the full faith and credit of the sponsoring government.

What does a funded ratio of 97.5% mean?

A funded ratio of 97.5% means that Oklahoma Police Pension and Retirement System currently has assets equal to 97.5% of its projected benefit obligations. The unfunded liability — the gap between assets and liabilities — stands at $78M. This is considered adequately funded.

How does Oklahoma Police Pension and Retirement System compare to other public pensions?

Oklahoma Police Pension and Retirement System is a Police & Fire plan in Oklahoma serving 9,452 members. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 72–75%. Oklahoma Police Pension and Retirement System's funded ratio of 97.5% places it above the national average, reflecting strong fiscal management.

How many members does Oklahoma Police Pension and Retirement System have?

Oklahoma Police Pension and Retirement System covers 9,452 total members, including 4,868 active employees and 4,402 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.

What is the ARC payment percentage for Oklahoma Police Pension and Retirement System?

Oklahoma Police Pension and Retirement System pays 11.8% of its Annual Required Contribution (ARC). Consistently underpaying the ARC accelerates the growth of unfunded liabilities and places future benefits at greater risk. Employer contribution patterns are tracked annually in the Public Plans Database.

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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 Kiznis Studio Editorial

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.

All federal data sources used on this page

U.S. Census Bureau ACS — demographic + housing + income data. census.gov/programs-surveys/acs
BLS Occupational Employment and Wage Statistics (OEWS) — wage + employment by occupation. bls.gov/oes
BEA Regional Economic Accounts — GDP + personal income by state/metro. bea.gov/data/regional
U.S. Census Bureau County Business Patterns — establishment + employment by industry. census.gov/cbp
IRS Statistics of Income (SOI) — tax-return aggregate data. irs.gov/statistics
data.gov — U.S. federal open-data portal — discovery layer for additional federal sources. data.gov