OKLAHOMA CITY – Rep. Mike Kelley, R-Yukon, hosted an interim study examining the history, funding and future sustainability of Oklahoma’s public pension systems. 

The study brought together representatives from every state pension system including the Oklahoma Public Employees Retirement System (OPERS), the Teachers’ Retirement System, the Oklahoma Firefighters Pension and Retirement System, the Oklahoma Law Enforcement Retirement System and others.

Three nationally recognized retirement experts, two from Washington, D.C., joined the discussion to share insights on pension design, workforce retention and long-term funding strategies. 

“This study was an incredible opportunity to bring everyone to the same table, from state pension leaders to national experts, to understand how these systems work and why they matter,” Kelley said. “When we talk about pensions, we’re talking about people, teachers, troopers, firefighters and public employees who’ve dedicated their lives to serving Oklahoma. Our job is to make sure the systems they rely on remain strong and secure for decades to come.” 

Presenters emphasized consistent funding, responsible investment management and the economic impact these systems have across Oklahoma. In fiscal year 2025 alone, more than $700 million in pension benefits were paid to retirees, with 93% of that money staying in the state’s economy. 

Kelley said he will continue reviewing potential policy improvements to maintain full funding and protect the retirement security of Oklahoma’s public workforce for generations to come.