Oklahoma Firefighters Pension and Retirement System
May 08, 2024
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.
Oklahoma Firefighters Pension and Retirement System
Oklahoma Firefighters Pension and Retirement System
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.
Governor of OklahomaCharles 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.
oklahoma, firefighters, pension, retirement, system, ofprs, agency, government, oklahoma, that, manages, public, pension, system, firefighters, oklahoma, system, provides, pension, benefits, such, normal, retirement, disability, retirement, surviving, spouse, . 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 Oklahoma Firefighters Pension and Retirement SystemGreat Seal of OklahomaAgency overviewFormed1980Preceding agencyFireman s Pension Benefit ProgramHeadquarters4545 N Lincoln BoulevardOklahoma City OklahomaEmployees11 unclassifiedAnnual budget 260 millionMinisters responsibleScott Meacham Secretary of Finance and RevenueLes Foughty Chair of the BoardAgency executiveRobert Jones Executive DirectorParent agencyBoard of TrusteesWebsiteOklahoma Firefighters Pension and Retirement System 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 1 History 2 Leadership 3 Board of trustees 4 References 5 External linksHistory editGovernor 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 editThe System is overseen by the Secretary of Finance and Revenue Under Governor of Oklahoma Brad Henry Scott Meacham is currently serving as Secretary Board of trustees editThe 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 References editExternal links editOklahoma Firefighters Pension and Retirement System official website nbsp This Government of Oklahoma related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Oklahoma Firefighters Pension and Retirement System amp oldid 1159164587, wikipedia, wiki, book, books, library,
