- Oklahoma Firefighters Pension and Retirement System
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Oklahoma Firefighters Pension and Retirement System 
Great Seal of Oklahoma Agency overview Formed 1980 Preceding agency Fireman’s Pension Benefit Program Headquarters 4545 N Lincoln Boulevard
Oklahoma City, OklahomaEmployees 11 unclassified Annual budget $260 million Ministers responsible Scott Meacham, Secretary of Finance and Revenue
Les Foughty, Chair of the BoardAgency executive Robert Jones, Executive Director Parent agency Board of Trustees Website Oklahoma Firefighters Pension and Retirement System The Oklahoma Firefighters Pension and Retirement System (OFPRS) is an agency of the government of Oklahoma that manages the public pension system for firefighters in Oklahoma. The System provides pension benefits such as normal retirement, disability retirement, surviving spouse benefits and a death benefit.
The System receives its funding from employer and member contributions, a portion of the state insurance premium tax and returns on investments. The System is overseen by a 13 member Board of Trustees, which is responsible for governing the System and appointing the Executive Director to run the System.
The System was created in 1980 during the term of Governor of Oklahoma George Nigh.
Contents
History
Governor of Oklahoma Charles N. Haskell signed into law the first fireman’s pension benefit law May 14, 1908. The new law contained a 1 percent tax on insurance premiums to fund the pension benefits for both paid and volunteer firefighters. Oklahoma cities and towns administered the program until the Oklahoma Legislature created the current System in 1980.
Leadership
The System is oversee by the Secretary of Finance and Revenue. Under Governor of Oklahoma Brad Henry, Scott Meacham is currently serving as Secretary.
Board of trustees
The System is governed by a thirteen member Board of Trustees. The Board members are appointed as follows:
- Oklahoma State Firefighters Association Executive Board (5 members)
- President of the Professional Firefighters of Oklahoma or a designee (1 member)
- President of the Oklahoma Retired Firefighters Association or a designee (1 member)
- Speaker of the House of Representatives Appointee (1 member)
- President Pro Tempore of the Senate Appointee (1 member)
- Oklahoma Municipal League Appointees (2 members)
- State Insurance Commissioner or a designee (1 member)
- Director of the Office of State Finance or a designee (1 member)
See also
References
External links
State finance agencies of OklahomaGovernor of Oklahoma
State Treasurer • State Auditor and Inspector • Insurance Commissioner
Secretary of Finance and Revenue
Board of Equalization • Capitol Improvement Authority • Commissioners of the Land Office • Department of Consumer Credit • Department of Insurance • Department of Securities • Office of State Finance • Pension Commission • Tax Commission • State Banking Department • State Bond Advisor
Public Pension Funds
Firefighters Pension and Retirement System • Law Enforcement Retirement System • Public Employees Retirement System • Police Pension and Retirement System • Teachers' Retirement System
Categories:- State agencies of Oklahoma
- Oklahoma government stubs
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