Share “Oklahoma retirement system investments...”

Oklahoma retirement system investments experience major gains

The financial performance of Teachers’ Retirement System of Oklahoma’s investments was among the top 1 percent in the country last fiscal year.
by Randy Ellis Modified: August 20, 2014 at 4:00 pm •  Published: August 19, 2014
Advertisement

The financial performance of Teachers’ Retirement System of Oklahoma’s investments was among the top 1 percent in the country last fiscal year, according to a report scheduled to be presented Wednesday to the Oklahoma State Pension Commission.

Buoyed by a strong stock market, Teachers’ Retirement System investments grew by 22.4 in the fiscal year that ended June 30.

That performance was among the top 1 percent of about 1,700 public defined benefit pension systems that were included in the report, according to Don Stracke, senior consultant for Boston-based NEPC LLC.

Other state pension funds experienced major investment gains last fiscal year, as well:

Oklahoma Public Employees Retirement System investments gained 18 percent and ranked in the 15th percentile.

Oklahoma Firefighters Pension and Retirement System investments gained 17.8 percent and ranked in the 17th percentile.

State of Oklahoma Uniform Retirement System for Justices and Judges investments gained 17.7 percent and ranked in the 18th percentile.

Oklahoma Law Enforcement Retirement System investments gained 16.4 percent and ranked in the 40th percentile.

Oklahoma Police Pension and Retirement System investments gained 15.4 percent and ranked in the 60th percentile.

Retirement Plan for Full-Time Employees of the Department of Wildlife Conservation investments gained 15 percent and ranked in the 65th percentile.

Tom Spencer, who serves as both executive director of the Oklahoma Public Employees Retirement System and interim executive director of the teachers’ pension system, said he is excited by the how well investments of those entities have performed.

Continue reading this story on the...

by Randy Ellis
Investigative Reporter
For the past 30 years, staff writer Randy Ellis has exposed public corruption and government mismanagement in news articles. Ellis has investigated problems in Oklahoma's higher education institutions and wrote stories that ultimately led to two...
+ show more


Trending Now


AROUND THE WEB

  1. 1
    Tulsa World sues Fallin, DPS over execution records
  2. 2
    Bob Stoops No. 3 on Forbes' 'College Football's Most Powerful Coaches' list
  3. 3
    OU football: Former OU defensive end Frank Alexander reinstated by Carolina Panthers
  4. 4
    Thunder make two appearances on SI.com's favorite NBA moments of 2014
  5. 5
    OKC Thunder: Kevin Durant misses practice, status unknown vs. Blazers
+ show more