Formed 1980 Annual budget $260 million | Employees 11 unclassified | |
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Preceding agency Fireman’s Pension Benefit Program Headquarters 4545 N Lincoln Boulevard
Oklahoma City, Oklahoma Ministers responsible Scott Meacham, Secretary of Finance and Revenue
Les Foughty, Chair of the Board | ||
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.
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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.
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: