News
Board of Trustees Adopts New Medicare Gap Amount for 2009
The OPERS Board of Trustees adopted a new Medicare Gap amount for 2009 at its meeting on October 23rd. The amount changed from $110.45 for 2008 to $109.63 for 2009. This adjustment is made before January 1st of each year for retirees who retire that calendar year. The...
2009 Pre-Retirement Seminar Schedule Online
Start planning your retirement with one of OPERS Pre-Retirement Seminars. Thirty-one seminars are scheduled for 2009 in the following cities – Oklahoma City, Tulsa, Enid, Lawton, Woodward and McAlester. Due to high demand, for 2009 we have scheduled two seminars in...
A Message from Executive Director Tom Spencer About the Security of OPERS Benefits
Security of Your OPERS Benefit Many members have been calling the OPERS office with concerns about the current financial problems in the U.S. and global markets. Needless to say, the current turbulent market conditions are making a lot of people nervous. If you are an...
COLA Approved, Loophole Closed in 2008 Legislative Session
The 2008 Regular Session of the Oklahoma Legislature passed only two bills that directly impact members of OPERS. HB 3112 and SB 1641 have both been signed in to law by Governor Henry. The major provisions of the two bills include a cost of living adjustment (COLA)...
Administrative Rule Changes Become Permanent and Effective
The 2008 administrative rules proposed by the Board of Trustees have been published and permanently adopted and became effective May 11, 2008. Click here for a full version of the administrative rules changes that have become permanent.
Economic Stimulus Act of 2008
The Economic Stimulus Act of 2008 will provide 130 million U.S. households with some level of tax relief. You must file a federal tax return for 2007 to be eligible for the stimulus payment. This filing requirement applies to some people who do not normally file,...
Pension Protection Act of 2006 Affects Certain OPERS Retirees
The federal Pension Protection Act (PPA) of 2006 was signed into law last year and became effective for the 2007 tax year. The PPA gives an "eligible retired public safety officer" the ability to claim a tax exclusion of up to $3,000 for amounts deducted from their...
2007 Comprehensive Annual Financial Reports
This page contains an archived news story. Links in this story may no longer be valid. The last five years of archived publications can be found here.The 2007 Comprehensive Annual Financial Reports (CAFRs) for OPERS and URSJJ are now available on our Publications...
2008 Earnings Limits for OPERS Retirees
OPERS retirees may return to work after they retire and continue to receive their retirement benefits. However, OPERS retirees may be subject to a federal earnings limitation. The federal limitation applies only to OPERS retirees who return to work for an OPERS...